Sentences with phrase «doing subprime lending»

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.

Not exact matches

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.

The regulatory measures have done just that; the subprime lending industry continues to grow in the state and options are still available to those who have less than perfect credit.

On the other hand, if the availability and attractiveness of mortgages declines, as did during the fallout from the subprime lending crisis, renting an apartment becomes more appealing, so occupancy rates and rental revenue per apartment increase.

Did you save up a downpayment while simultaneously carrying tens of thousands in debt, or did you get a zero down mortgage during the subprime lending salad daDid you save up a downpayment while simultaneously carrying tens of thousands in debt, or did you get a zero down mortgage during the subprime lending salad dadid you get a zero down mortgage during the subprime lending salad days?

Subprime lending is a dangerous market if you do not know how it works, thus, getting aid from an advisor is the smart way to go.

All you can do is to turn the tables when these hardships arise, and subprime lending can help you accomplish that.

Many consumers are good borrowers that do not fit into a perfect box so non-prime mortgage loans become very appealing when subprime mortgage lenders get the flexibility they need from the banks to loosen lending standards.

As a result, there are banks that don't lend to people with subprime credit, while some banks have even higher thresholds.

Prosper does not allow subprime lending and the average borrower has a 706 credit score.

That's not a very big risk, but he does see a future for subprime lending, if one is patient, and can survive the present slump.

Anything under 600 can get you into subprime lending territory, where you really don't want to be.

Nick Clements, co-founder of the comparison - shopping site MagnifyMoney, said that while credit card companies ventured back into subprime lending following the crisis, they did so less aggressively than auto lenders.

Using an example from the recent financial crisis, you might recall how many economists, Fed governors, etc. commented on how subprime lending was a trivial part of the market, was well - contained, and did not need to be worried about.

Its 1.3 million New England residents have a robust, diversified economy where sensible bankers did not fall to the recession - causing subprime lending debacle.

Don't let the headlines about foreclosure rates, subprime lending woes, and inventory gluts cloud your thinking about your profession: Instead, consider these silver linings from sales associate Michael J. Maher.

I don't dive into why subprime mortgages expanded or lending standards fell.