Sentences with phrase «by subprime mortgage»

Columbia, S.C. - based Edens & Avant, for example, says it has lost a handful of tenants in midnight moves earlier this year in Florida, a state hit particularly hard by the subprime mortgage collapse.

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.

Posted 24 January 2009: «Like many of those who were caught off guard by the subprime mortgage crisis, those involved in the rapidly expanding climate change industry are not asking the most fundamental of questions:» • What if the science that supposedly backs concerns over carbon dioxide (CO2)...

There has been plenty of stock market activity this week with all the ups and downs sparked by the subprime mortgage sector.

Bear Stearns had also been battered by the subprime mortgage crisis, and many investors had hoped its tie - up with a foreign bank would include a cash infusion.

With the recent problems suffered by subprime mortgage lenders, FHA loans are making a strong comeback as a useful alternative for first - time home buyers and home buyers with less than perfect credit.

As a result, mortgage rates provided by subprime mortgage lenders will be much higher than those at standard lenders, all else being equal.

The government took Northern Rock into public ownership in February 2008 as a result of its financial problems caused by the subprime mortgage crisis.

The 2008 financial crisis, on the other hand, was triggered in part by subprime mortgages — essentially, loans given to homeowners unlikely to be able to pay them back — and investment vehicles based on them in which these toxic assets were bundled and often hidden.

Some hold paper backed by subprime mortgages.

These are specialist funds, kept separate from their parent company's balance sheet, that invest in illiquid assets, such as securities backed by subprime mortgages.

Not exact matches

Case in point: In mid-September, three weeks before Morneau tabled his rules, credit reporting agency TransUnion estimated that hundreds of thousands of Canadians carrying variable rate subprime mortgages could be significantly impacted by interest rate increases of even 25 basis points.

Such an outcome could prove to be a classic unintended consequence: Morneau's reforms — meant to reduce or contain the accumulated risk created by precipitously over-leveraged homebuyers — may unwittingly increase the overall systemic risk in the economy by driving red - lined borrowers to the sort of uninsured subprime mortgages that have proliferated in the shadow banking sector.

GE said on Friday that it was facing potential legal action by the U.S. Department of Justice in connection with subprime mortgages.

Back in 2010 it paid $ 550 million to settle charges brought by the Securities and Exchange Commission that it mislead investors into buying a so - called synthetic collateralized debt obligation named Abacus, which was made up of a bundle of financial instruments tied to subprime mortgage bonds, many of which plummeted in value shortly after the deal was sold.

In that case, led by the civil division of the United States attorney's office for the Eastern District of California, prosecutors found that JPMorgan flouted federal laws with its sale of subprime mortgage securities from 2005 to 2007.

General Electric Co. warned it might put its dormant subprime mortgage business, long - plagued by legal trouble, into bankruptcy protection.

For example, heightened risk taking by investors and elevated leverage in large financial institutions and in shadow banking activities were among the factors that turned a downturn in the U.S. subprime mortgage market into a global financial crisis.

Not long after she took charge in June 2006, Bair began sounding the alarm about the dangers posed by the explosive growth of subprime mortgages, which she feared would not only ravage neighborhoods when homeowners began to default — as they inevitably did — but also wreak havoc on the banking system.

It got into trouble by selling guarantees on mortgage securities that forced it to pay billions of dollars after the subprime mortgage bubble burst in 2007.

Most recently, he was a Senior Managing Director in the Fixed Income Group, where he specialized in the development and distribution of structured products secured by a variety of residential mortgages, including prime, alt - a and subprime.

Most of the securities derived from these subprime mortgages were deemed to be AAA rated by the rating agencies.

It was nearly wrecked years ago by bad subprime mortgages...

What caught my attention in late 2007 were the weird, amorphous, and ever growing trading losses in the subprime - mortgage bond market suffered by the big Wall Street banks.

Lehman Brothers was a global financial services firm whose bankruptcy in 2008 was largely caused by — and accelerated — the subprime mortgage crisis.

IKB had to be bailed out several times by the German government after suffering billions of euros of losses sparked by its investments in U.S. subprime mortgages.

Recognizing the enormous investment potential created by the subprime crisis within the asset backed and mortgage backed sectors, the Hudson Cove Credit Opportunity Fund, Ltd was formed, one of the first funds of its size after the crisis, to extract attractive risk - adjusted returns.

By choosing to only buy homes from Fannie Mae, the lawsuit says, Harbour ended up with homes in areas that experienced the largest amount of foreclosures, which are the same communities targeted by subprime - mortgage lenders — communities of coloBy choosing to only buy homes from Fannie Mae, the lawsuit says, Harbour ended up with homes in areas that experienced the largest amount of foreclosures, which are the same communities targeted by subprime - mortgage lenders — communities of coloby subprime - mortgage lenders — communities of color.

It is also expected to account for an even greater share of the total industry revenue, this is because they require higher fees than those charged by hedge funds and declining popularity of other alternative asset vehicles in the aftermath of the subprime mortgage crisis.

While it may be true that the keyword «Pacifica California Subprime Refinancing Interest Rates Mortgage Companies» will not be specifically purchased by many of your competitors, it is no longer true that you alone will show up on this keyword should you be the only one to buy it.

During the boom in subprime mortgages, US lenders thought they could manage their exposure to these risky borrowers by ensuring they would not remain customers for long.

He decreed that all mortgages packaged for repurchase by Fannie Mae must include subprime loans.

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.

A federal jury in Brooklyn found that the Emigrant Savings Bank had discriminated against eight minority homeowners by purposefully marketing to them subprime mortgages with what were described as predatory interest rates of as much as 18 percent a year.

By the way, the players that profited from the fall of the USA housing market were not any different from the players who made millions by packaging subprime mortgages as «securities» — they were simply smarteBy the way, the players that profited from the fall of the USA housing market were not any different from the players who made millions by packaging subprime mortgages as «securities» — they were simply smarteby packaging subprime mortgages as «securities» — they were simply smarter.

The subprime mortgage brokers portrayed by Max Greenfield and Billy Magnussen may seem cartoonish, but Baum's confusion with their «confession» versus «bragging» is spot on.

The stellar cast is rounded out by Marisa Tomei as Baum's concerned wife, Tracy Letts as the head of Scion, Max Greenfield and Billy Magnussen who play cocky and clueless subprime mortgage brokers, and Melissa Leo who plays a Standard & Poor's employee.

With subprime, they were able to spread that risk by selling the mortgages on the secondary market.

The problem of subprime mortgages began in part because the government tried to increase homeownership for poor people and minorities by enabling private entities to offer more mortgages without assuming the risk.

Webmasters & Bloggers: You can link to this page by copying and pasting this code < a href ="http://www.fhaloanpros.com/2008/08/subprime-loans-displaced-in-new-mortgage-market/"> Subprime Loans Displaced In New Mortgage Market

General Motors is another notable name, along with Chrysler, Washington Mutual Savings Bank, Circuit City, and Countrywide Financial (a leading provider of mortgages of the subprime variety, later acquired by Bank of America).

Interestingly, the group was actually tipped off about the subprime mortgage crisis by receiving a wrong - number phone call from Greg Lippmann's assistant.

While many delinquencies have been caused by adjustable rate mortgages for subprime borrowers or with gimmicky features which caused payments to reset to unnaturally high levels, the rise in ten - year Treasury yields is a warning that a broader population of mortgage holders could face higher mortgage rates.

Advanced Reading: How did we get to this Subprime Mortgage mess: Download Subprime Files Understanding Securitization: Download Securitization Files Consumer Home Mortgage Information, provide by California Department of Real Estate

Unlike subprime lenders, FHA requires that borrowers demonstrate they can pay their mortgage by verifying their income and employment.»

A contrarian view is that Fannie Mae and Freddie Mac led the way to relaxed underwriting standards, starting in 1995, by advocating the use of easy - to - qualify automated underwriting and appraisal systems, by designing the no - down - payment products issued by lenders, by the promotion of thousands of small mortgage brokers, and by their close relationship to subprime loan aggregators such as Countrywide.

Subprime loans can help borrowers fix their credit scores, by using it to pay off other debts and then working towards making timely payments on the mortgage.

NEW YORK, June 26 (Reuters)- Delinquency rates are rising for so - called «Alt - A» home mortgages held by U.S. borrowers who are rated above the subprime category but below the more pristine prime borrower, said Standard & Poor's in a report on Tuesday.

But by selling the subprime loans through the secondary mortgage market, the lenders were able to «offload» the risk associated with those loans.

The Housing and Economic Recovery Act of 2008, which was passed into law by Congress to address the subprime mortgage crisis, established the baseline loan limit of $ 417,000.