Sentences with phrase «for subprime mortgages»

Federal and state banking regulators have issued guidance to tighten the underwriting standards for nontraditional mortgages and recently proposed similar guidelines for subprime mortgages.

The interest rates for subprime mortgages are higher than for traditional, or prime, mortgages, but how much higher can vary a great deal from lender to lender.

Discuss possible Fannie opportunities for subprime mortgages with the lenders you are shopping with.

For that reason, these penalties should be prohibited for all subprime mortgages.»

And loan servicers, which collect and distribute payments to investors, are being asked to give extensions, which could range from two to seven years, for subprime mortgages due to reset at higher rates in the coming years.

However, rapidly increasing default and loss estimates for subprime mortgages have caused an abrupt and significant reassessment of potential losses in these super senior ABS CDOs.

AG Andrew Cuomo this morning rejected his rivals» suggestion that he is in part responsible for the subprime mortgage crisis because he pushed home ownership for low - income residents while serving as HUD secretary for the Clinton administration.

Applying for a subprime mortgage loan online can seem intimidating at first.

Qualifying for a subprime mortgage can difficult with today's tighter loan guidelines.

It is as if traders assumed a given default rate was constant for subprime mortgage paper and traded on that belief.

In 2006, the investment bank was the top underwriter for subprime mortgage backed securities with a roughly 11 percent market share, according to Inside Mortgage Finance, a trade publication.

Back then there was rampant mortgage fraud, huge demand from Wall Street for subprime mortgage securities and rating agencies giving them black checks, with no regulatory oversight whatsoever.

Mrs. Nonas has 17 years of combined experience; worked at Moody \'s Investors Service covering the entire spectrum of mortgage backed securities products and small balance commercial loans; at WestLB and Barclays Capital, was the mortgage lead on the risk management team underwriting over $ 15 billion in mortgage financing facilities, established warehouse lines of credit, reverse repurchase agreements, Asset - Backed Commercial Paper (ABCP) conduits and other credit facilities for subprime mortgage originators and servicers; developed a process to conduct and document on site due diligence at the counterparty \'s origination and servicing base of operations.

Not exact matches

Abacus Federal Savings Bank is the only institution to face criminal charges for its role in the subprime mortgage fiasco.

To take that comparison a step further, is there really any difference between the way VW packaged and marketed its pollution - spewing cars to regulators and customers as «clean,» and the way financial dark wizards took lowly subprime mortgages and prettied them up for sale as Triple - A high quality securities to gullible investors?

Bass is the founder and managing partner of Hayman Capital Management, where he gained a reputation for betting against subprime mortgages during the financial crisis.

In 2007, Cramer went on a fiery rant, blasting then - Fed Chair Ben Bernanke and central bankers for their lack of knowledge about the risk that the subprime mortgage market posed to the financial system.

However she dismisses the comparison with the U.S. subprime crisis, in which people who could not really afford one home ended up buying two or three; the HOME program will be limited to principal residences for first - time buyers only — and ones who have already met mortgage requirements.

However, as The Great Recession taught us (or should have taught us), there is also a place for nonprime / subprime mortgages at the center of an economic disaster.

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.

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.

A subprime mortgage is a type of loan for people with poor credit histories who can't qualify for conventional mortgages.

When the subprime mortgage crisis hit in May, Delvinia prepared for the worst.

In response to a pessimistic Merrill Lynch report on Canada's housing market, for example, Harper said «We don't have the same situation here with the mortgages as was the case in the U.S. with the subprime mortgages there.

About the U.S. Credit Conditions section The U.S. Credit Conditions section of the New York Fed's website offers interactive maps, as well as data on major forms of household credit such as installment loans, auto and student loan delinquencies, foreclosures, mortgage delinquencies and mortgage «roll» rates for subprime and alt - A mortgages.

If credit markets tighten in response to the subprime mortgage crisis, the challenges for credit - underserved consumers may compound.

Of course much of the global economic crisis a decade ago was due to the American government handing out subprime mortgages to consumers who couldn't afford to pay for the homes they were living in.

The latest survey also provided some insight into mortgage standards for «subprime» borrowers.

For more, see Subprime Mortgage Crisis.

As with residential mortgages generally, subprime mortgages were even more set up for failure.

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.

Goldman Sachs has earned a reputation for taking risks in trading complicated products as a main player in the subprime mortgage derivatives that created an international financial meltdown a decade ago.

The Justice Department also disseminated a scathing press release on Thursday evening in which it excoriated the conduct of the bank and named two executives that are being charged: Paul K. Menefee, who served as Barclays» head banker on its subprime residential mortgage backed securitizations and John T. Carroll who served as Barclays» head trader for subprime loan acquisitions.

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.

No disability forms were granted & no doctors available (even though she had many and visited ailing grandmother for 2 yrs / hospital faithfully)... she had alot of friends who were in mortgages, subprime is assumed & became fbi / cia agents in their 20's (or 1980's).

They ended up in prison as richer people due to mortgage subprime scandals then to religion for their repenting feeling to be... however whats» with the non-revealing of illegal activity of it to her as employee & everyone «gotRich».

Paladino, for all his political warts, is clearly a gifted businessman and more likely to put the fire out than big - spending, union - loving, subprime mortgage promoting, liberal Cuomo.

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

He also claimed Cuomo was acting Castro - like when, as President Bill Clinton's HUD secretary in the late»90s, he backed subsidized mortgages for thousands of unqualified individuals, «helping to drive the subprime mortgage market under, and the result was the Great Recession» of 2008.

Did you bother to ask him for comment on the recent report that while he was partner, the company he was in had massive investments in subprime mortgages, a issue Harry Wilson criticized... Don't you agree the taxpayers deserve to know these records since it would be Harry Wilson making those investments should he be elected?

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.

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.

In the recent case of subprime mortgages for example, many borrowers were unnecessarily steered to such mortgages because of easier underwriting guidelines and larger commission checks.

The latest survey also provided some insight into mortgage standards for «subprime» borrowers.

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.

Nearly 90 mortgage lenders have formed an alliance to support passage of legislation to «reinvigorate» the Federal Housing Administration so it can provide safe and affordable financing for homebuyers, as well as a lifeline for subprime borrowers who are in trouble.

After Emrys Partners dissolved, Eisman became a vocal opponent of for - profit universities, comparing the ethics behind them to those of the subprime mortgage market.

Subprime loans were mortgages with higher interest rates than conventional mortgages offered to people with low incomes or poor credit or who simply failed to shop around and understand they qualified for better rates.

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.

There were prime borrowers who were sold subprime mortgages simply because there was an incentive for the broker to do so.