Sentences with phrase «called subprime»

Of course, they won't be called subprime loans, payment - option ARMs or stated - income mortgages.

They're called subprime lenders, and they allow people that have not - so - great credit to afford the car that they need.

What is this so - called subprime mortgage crisis I keep hearing about on TV?

Just 8 % of people with poor credit or so - called subprime credit made saving money for the future a financial priority.

This can also be called subprime loans.

The article states that «banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so - called subprime borrowers.

But so - called subprime credit card companies focus on customers with damaged or poor credit.

However, you don't have to be a victim of your credit history when you apply for a mortgage because of something called a subprime loan.

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.

Just do n`t call them subprime, call them nonprime.

Goldman calls such people «creditworthy»; others call them subprime.

Up here the picture is cloudy: the really trashy stuff (under 600) doesn't qualify for CMHC, but subprime (not rigidly defined) usually means anything under 640, so lots of what the Americans would call subprime is accepted as gold up here.

In Spain, they call them subprime jobs.

Today's News Synopsis: Don't call them subprime mortgages.

Not exact matches

The short seller made famous for his controversial and astute negative call on the U.S. subprime market is calling for a «pretty severe correction» in the Canadian housing market.

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.

One of the few positives in acknowledging that one is a subprime lender is that, unlike the so - called prime lenders, the buyers of Block's mortgages can't now come back claiming they were shocked to discover the loans were indeed subprime.

We originally called our housing problems the «subprime crisis» because we thought the whole problem was centered on low - quality mortgages.

We're thinking about the time Wall Street banks colluded on rigging prices on the Nasdaq market; or the time they rigged their research departments and told us to buy stocks that they were secretly callings dogs and crap; or the time they got S&P and Moody's to give them triple - A ratings on subprime pools of debt while keeping it a secret that they had internal reports showing the loans didn't meet their origination standards — and then they went out and secretly shorted that debt while continuing to sell it to their customers as a good investment.

Andy Stanley, a prominent evangelical leader, said some in his congregation cheered when he launched a preaching series called «Recovery Road» to talk about politically touchy issues such as personal greed, the federal deficit and the sins of subprime loans.

Particularly unsuitable for holiday viewing this year, the 1947 Frank Capra classic should really be called It's a Wonderful Subprime Life».

Many civil rights leaders and teachers called for leniency, and some wondered why black teachers in low - income neighborhoods faced racketeering charges when white Wall Street workers who were implicated in the subprime mortgage crisis did not.

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The corporate empire has foreclosed on millions of homes, forcing the 99 - percent, now called «subprimes» to roam the broiling hot, heavily polluted countryside, squatting in abandoned housing developments until the authorities force them out.

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

Since I called the housing bubble very clearly over at RealMoney, and even subprime too, does that mean that I can criticize the Fed with impunity?

Specifically, they're dialing down the average credit limit — the maximum amount an account can carry — for people with credit scores below 600 — the market's so - called «subprime borrowers».

I wouldn't call these loans subprime just yet though, because a steady income stream is pretty much mandatory, but I feel like tendencies are pointing to the idea that banks might start tapping into the subprime market sooner or later.

For more info call us today at 888.334.6636 and get free consultation or visit our website to know more about subprime lenders in Minnesota.

Examples pertinent to this crisis included: the adjustable - rate mortgage; the bundling of subprime mortgages into mortgage - backed securities (MBS) or collateralized debt obligations (CDO) for sale to investors, a type of securitization; and a form of credit insurance called credit default swaps (CDS).

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.

The difference between these so - called «non-prime» loans and the subprime loans of old?

One reason to apply with a recommended bad credit mortgage lender, is that some subprime lenders practice what is called predatory lending.

Karen Weaver, global head of securitization research at Deutsche Bank Securities, called it «the tip of the iceberg» and predicted a rise in subprime mortgage defaults over the next two years.

Private - label mortgage backed securitization fueled origination of so - called «Alt - A» mortgages where credit scores may have been high but other factors precluded them to meet GSE guidelines, as well as subprime mortgages, which frequently had flimsy documentation requirements.

We've already commented on the fact that some people are calling FHA the new subprime, but the truth is FHA was never intended to be the new subprime.

Depending on factors such as your credit score, employment history and debt - to - income ratio, the calculator may have come up with — and a lender may offer you — a prime rate mortgage, a subprime mortgage or something in between, called an «Alt - A» mortgage.

These subprime borrowers, as they were called, had low credit scores, insufficient income, or other problems that prevented them from qualifying for a loan under normal standards.

It would be a stretch to call Fannie Mae a backer of subprime mortgage loans, but in many cases they offer loans to people with below - average credit if they have strong credentials in on areas.

The forecast does call for a slight deterioration in performance in some other consumer credit sectors outside the mortgage market, where subprime underwriting is more prevalent, Mellman noted.

This range, also called «subprime» reflects a consumer's so - called «bad - behavior,» which (broadly speaking) occurs when you fail to honor a credit agreement.

Aurora, which focuses on so called Alt - A loans, those made to borrowers with good credit, will continue to operate and may, over time, resume making subprime loans if the market for them revives, according to people briefed on the firm's plans.

«Millennial» is the greatest insult someone who crashed the modern economy via subprime mortgages can call another person.

In a column for LinkedIn, cloud architect Jim Kram called Bitcoin a «fundamentally flawed virtual currency,» going on to say that «Bitcoin is a bubble that like Tulip, South Sea, Dot.com or Subprime will burst... Bitcoin was a great experiment that provided a lot of useful learning.»

I am a customer service and collections manager who specializes in call centers and subprime automotive finance in the Phoenix area.

A voluntary mortgage aid plan announced by President George W. Bush last December called upon lenders to freeze the mortgage rates of some subprime borrowers for five years.

Low and no documentation loans are called Alt - A mortgages, and they fall between prime and subprime loans in terms of interest rates.