Sentences with phrase «for subprime lending»

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.

Not exact matches

Because subprime borrowers present a higher risk for lenders, subprime lenders charge interest rates above the prime lending rate.

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.

[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]

The issue is a new subprime lending crisis waiting to happen, a practice that HBO host John Oliver blasted over the summer for offering the working - poor, with little or no credit, rates too good to pass up which ultimately leave individuals paying astronomical amounts for used vehicles.

A credit score below about 650 means you qualify only for «subprime» lending — and that means higher interest rates.

It was common knowledge that «no doc» loans were absurd, and the adjustable rate schedules and prepayment penalties for subprime (and some conventional) loans were beyond impractical and more like homicidal (from a lending perspective).

For the last seven years car loans have outpaced nearly all lending categories; but with fewer loan options and the prospect of higher interest rates, subprime borrowers will continue to avoid new car purchases.

Many home buyers who would otherwise have to settle for commercial home loans with subprime lending terms qualify for FHA (Federal Home Administration) or VA (Veterans Administration) loans.

So for borrowers looking for a cheap and fast loan without any proof or financial means, the FHA should not be confused with the convenient subprime lending of the past.

Subprime real estate lending is generally defined as mortgages for individuals with weak credit.

Moreover, when it comes to bad credit applicants and subprime lending, you need to be extra careful because lenders tend to include additional fees and costs to maximize the gains to compensate for the higher risk that lending to those with bad credit implies.

Housing prices prior to 2008 were dwindling and subprime lending for mortgages was prevalent.

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.

In this situation, you should consider commercial mortgage companies that specialize in subprime lending, or look for bridge, soft or hard money loans.

It is for these reasons whenever you read Canada prime mortgage rate in an advertisement, check whether the rates specified are prime lending rates or subprime lending rates.

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.

Subprime lending is the extension of credit to borrowers whose credit scores or incomes aren't sufficient to qualify for ordinary loans.

This subprime lending practices were thought to work well for all the parties involved.

In this case, they boil it down to bad lending models, whether subprime mortgages, bank debt for LBOs, or internal leverage inside hedge funds.

The majority of the loans being subprime loans worries me... it sets people up for failure, just like the mortgage lending practices used to.

Because the risk is higher for lending companies to take a chance on subprime borrowers, they are charged higher interest rates for the privilege of getting a loan.

«It boggles the mind to see companies lobbying for a return to less regulated subprime mortgage lending... After what amounts to a nano - second in regulatory time, financial institutions are aggressively attacking many of the core Dodd - Frank reforms, including subprime mortgage protections.»

Proponents of subprime lending realized the demand for homeownership and refinancing despite imperfect credit and jumped on this untapped customer base, offering similar, if not more aggressive mortgage loan programs at a premium.

«Subprime mortgage lending» is best defined as offering financing to an individual with poor credit, low income, limited documentation, or a combination of all those things, who generally wouldn't qualify for a mortgage at standard market interest rates or at all.

If a borrower fails to meet the underwriting requirements of traditional banks and lending institutions out there, they must resort to using a subprime lender who in turn will offer a higher interest rate in exchange for elevated risk.

For a majority of his two terms in office, President Bush oversaw a period of exceptional economic growth in the United States — that is, until predatory lending practices plunged the nation in the subprime mortgage crisis and the Great Recession.

Demand for private student loan asset - backed securities increased not only co-signed, school - certified loans, but also subprime - style lending, where loans were often originated in excess of tuition and fees.

I wrote for several years as RM about overleveraging credit, mis - hedging, yield - seeking, over-investment in residential real estate (May 2005), subprime lending (November 2006), quantitative strategies gone awry, etc..

While many lenders are nervous when it comes to making out a new mortgage for those with bad credit, there are many out there who understand that the average person who has found themselves with a mortgage payment that they can not pay is simply a victim of a risqué lending practice that has fortunately come to an end with stricter legislation on subprime lending being passed.

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.

Prior to the economic downturn, the major force responsible for sowing the seeds of market decay was a flourishing activity of subprime lending.

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.

Subprime lending, as it's known, is a major profit center for these companies.

A Texas based company who lends auto loans to subprime borrowers was fined $ 2.75 million for reporting inaccurate information to the credit reporting agencies.

In fact, the ratio of these lending increased to 41 % in 2011 with banks spending almost 1.1 million for loans for subprime borrowers.

«The consumer credit markets have been functioning extremely well the last few years, but an increase in subprime lending has begun to impact delinquency levels for some industries, specifically the auto finance and credit card markets,» said TransUnion's Nidhi Verma in a news release.

As this large «pool of money» was invested internationally, it drove down the costs of borrowing, drove up subprime lending, and created large demand for mortgage - backed securities.

Home ownership was the fig leaf for the rise in subprime lending.

«With this lawsuit, real victims of the subprime lending scandal are stepping forward to hold investment banks like Morgan Stanley accountable for the devastation the banks wrought in their lives and in our economy,» said ACLU Executive Director Anthony Romero.

Though not the same, after the subprime, free - lending ways of the early - to mid-2000s, mortgage lenders created another «ability» crisis for buyers.

In essence, the Miami suits are follow - ons to the subprime mortgage crisis: creative legal attempts to hold banks accountable for predatory lending.

According to a recent Federal Reserve survey, it was found that about 75 % of the banks surveyed indicated they had tightened their lending standards for prime, subprime and commercial mortgages.

Condo Loans Reacting to losses sustained during the wave of foreclosures resulting from the subprime mortgage market meltdown, FHA — along with Fannie Mae and Freddie Mac (also known as government - sponsored entities, or GSEs)-- tightened lending standards for condo loans across the board.

Then the course provides an in - depth examination of lending standards for nontraditional mortgage loans that include Adjustable rate mortgages, subprime and high - cost loans, and reverse mortgages as well.

Although the justification for the lower and lower lending standards was to make housing affordable for low and moderate income people, the boom really took off when middle class Americans started using subprime loans.

Capital has backed away from lending to subprime borrowers, and the concern is that Congress will make it even harder for capital to get to borrowers who'll need it to refinance over the next couple of years,» says George.