Sentences with phrase «by subprime lending»

With the falling U.S. home prices, tightening credit markets, and the general economic uncertainty caused by the subprime lending fiasco, credit card issuers like American Express are facing declining consumer spending as well as the increased likelihood that some customers will be unable to repay their balances.

Not exact matches

A slow uptick in rates, driven by Federal Reserve policy, could pull the punch bowl a bit farther away, and it would trim the lower reaches of the lending spectrum, helpfully constraining subprime loans.

Big Wall Street banks have found a way to continue funneling money to high - risk borrowers — by lending to other institutions who make the so - called subprime loans.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

In the 1980s, 1990s, and 2000s, banks started lending more to African American buyers, but these buyers were frequently targeted by subprime loans with high interest payments and terms that were difficult to fulfill.

When enough people do it, and you've got a bit of momentum from this massive credit echo boom, part of this whole boom in subprime and non-subprime lending has been underwritten by historically safe money.

[MebFaber] Hedge funds bloodied by China rout in worst month since 2011 [Bloomberg] Behind enemy lines: foreign hedge funds thrive in China [Reuters] Stung by losses, Kyle Bass hopes for comeback [InsideSources] Paulson to reap fortune flipping US land banks [Independent] The transatlantic divide in hedge fund pay [eFinancialCareers] Meet the new king of subprime lending [WSJ] Tiger Management partners with Yulan Capital in China [StreetInsider] Activist investors» secret ally: big mutual funds [WSJ] Poor returns see investors lose interest in commodity hedge funds [FT]

Well just as expected, our stock portfolio (along with the investment portfolios of countless investors out there) is suffering through the rough patch brought about by the credit and subprime lending crisis.

Unscrupulous auto dealerships often engage in lending practices that mirror the subprime mortgage crisis, and we need to take action now to protect our most vulnerable residents from being hurt by these deceptive practices,» said Senator Klein.

The Hour Between Dog and Wolf: Risk Taking, Gut Feelings, and the Biology of Boom and Bust By John Coates Most of us would blame the 2008 financial collapse on the subprime lending meltdown.

Well just as expected, our stock portfolio (along with the investment portfolios of countless investors out there) is suffering through the rough patch brought about by the credit and subprime lending crisis.

The company was severely affected by the collapse of subprime lending and the U.S. Housing Market.

By 2005, many lenders dropped the required FICO score to 620, making it much easier to qualify for prime loans and making subprime lending a riskier business.

Paul Siegfired, senior vice president for TransUnion, commented that this uptick can also be explained by more subprime borrowers entering the card market — an event that occurs as banks relax their lending standards.

The stock has suffered with rest of the subprime consumer lending industry with new regulations and enforcements by the Consumer Financial Protection Bureau (CFPB).

Although FHA was caught unawares by a tremendous increase in its market share when subprime lending went south, it has made important strides in monitoring mortgage lenders and enforcing FHA guidelines for underwriting mortgage loans.

Smaller banks, pumped up by easy money, rushed into subprime mortgage, real estate, and leveraged buyout lending — and they never even attempted to manage the risks.

Also, they didn't do any subprime lending, because they can't: the definition of a subprime loan is precisely a loan that doesn't meet the requirement, imposed by law, that Fannie and Freddie buy only mortgages issued to borrowers who made substantial down payments and carefully documented their income.

Fannie and Freddie became fairly large players in the subprime market, and they got that way by following the rest of the market down in lowering lending standards, etc..

This website is not responsible for the accuracy of information or responsible for the accuracy of the subprime mortgage rates, APR or lending guidelines posted by advertising banks, lenders and brokers.

Critics of subprime lending point out that due to its nature, this type of loan is taken out by people who usually are not able to fulfill their payments and obligations.

The Financial Crisis Inquiry Commission formed by the US Congress in 2009 to investigate the causes of the 2008 financial crisis, concluded «the CRA was not a significant factor in subprime lending or the crisis».

«Lenders have taken a cautious approach to re-entering subprime card lending by keeping credit lines lower,» said TransUnion's Siegfried in a statement.

Oh — one more thing, gbaikie — look up deceptive marketing practices used by lenders to sell subprime loans (you can start that search with the keywords «predatory lending.»)

Although the crisis was triggered by the subprime mortgage crisis in the US and the resulting global credit crunch, the primary cause of the banking crisis was imprudent lending practices by Ireland's largest domestic banks.

Through Oct. 23, apartment REIT shares plunged by 11.9 % due in large part to the subprime lending meltdown in the residential sector that scared many...

REALTORS ® are all about helping people move, but the current subprime lending crisis has brought into clear focus the added value we can bring by helping home owners and future home buyers avoid having to move because they can't pay their mortgage.

The mortgage lending giant faces the largest fine ever imposed by the Federal Reserve over charges that it steered borrowers toward subprime mortgages with higher interest rates during the housing boom.

First, the market experienced a steady deterioration of credit standards in mortgage lending, particularly evidenced by the growth of subprime and Alt - A loans, which consumers were often unable or unwilling to repay.