Sentences with phrase «called subprime lenders»
They're called subprime lenders, and they allow people that have not - so - great credit to afford the car that they need.
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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.
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One reason to apply with a recommended bad credit mortgage lender, is that some subprime lenders practice what is called predatory lending.
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.
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.