Sentences with phrase «include subprime»

Many claims involved property and conveyancing disputes and include subprime mortgage lenders as the claimants.

NHRP - eligible loans include subprime, Pay - Option ARM and prime - quality two - year hybrid ARM loans originated by Countrywide on or prior to January 1, 2009, if the amount of principal owed exceeds the current property value by at least 20 percent and the loan is 60 days or more past due.

Other common choices include subprime and hard money home loans that come with much higher interest rates or even adjustable rates.

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

Examples from the last few years include the subprime mortgage crisis; the failure of the Peanut Corporation of America; the 2007 pet food scandal; lead paint on children's toys in 2007; melamine - laced Chinese milk products; contaminants in the drug Heparin; and dioxin - contaminated Irish pork.

Unlike mortgage - backed securities, solar bundles do not include subprime loans.

In the past decade, Goldstein's three businesses, which include the subprime lender Enova, which he started a year after graduating college in 2004; real estate site and Inc. 5000 company Pangea Properties, and 2015 30 Under 30 listee lender Avant, have added 2,200 new jobs to the economy.

The credit rating agency then proceeded to give these bonds AAA Ratings (The highest) even know they included subprime loans (they have recently had to downgrade, which causes even more problems).

«Overall mortgage fraud risk, including subprime loans, has been steadily decreasing since 2006 and appears to have leveled off in 2009,» says CoreLogic.

«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.»

C - BASS services and securitizes mortgage loans, including subprime loans.

Not exact matches

He was also forced to clean up other messes, including bad bets on U.S. subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.

Most recently, he was a Senior Managing Director in the Fixed Income Group, where he specialized in the development and distribution of structured products secured by a variety of residential mortgages, including prime, alt - a and subprime.

In a blog post accompanying the report, New York Fed economists including Lee said subprime auto lending is «definitely on the rise,» a change in the consumer lending market that they will keep monitoring.

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.

The subprime category also includes borrowers with «reduced repayment capacity» as indicated by their credit scores or debt - to - income ratios.

The Companies include all types (prime, subprime, or a mix of both; retail or wholesale; subsidiaries and entire companies).

Searches used in the sample include «Andrew Cuomo Father of the Subprime Crisis?»

The legislation also expands the state's loan modification program, which previously included only subprime borrowers, and prevents «distressed property consultants» from accepting the upfront fees that have contributed to scams in the past.

The subprime category also includes borrowers with «reduced repayment capacity» as indicated by their credit scores or debt - to - income ratios.

Scores below 580 are indicative of a consumer's poor financial history, which can include late monthly payments, debt defaults, or bankruptcy; individuals in this «subprime» category can end up paying auto loan rates that are 5 or 10 times higher than what prime consumers receive, especially for used cars or longer term loans.

The commercial paper market, a vital conduit of financing for U.S. companies, has shrunk dramatically in the past two weeks because of worries that assets in the ABCP collateral pool included tainted subprime mortgages.

The accusations in the lawsuits include purposely misleading borrowers toward short - term forbearance or deferment instead of the more generous income - driven repayment plans, not keeping borrowers informed of critical income - driven repayment plan re-enrollment deadlines, and handing out subprime, predatory loans to students at schools with a less than 50 percent graduation rate.

There are some lenders, including First Premier's Gold MasterCard which will charge upwards of 49.90 % APR for subprime credit holders.

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.

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).

The banks have increased their credit card products to include plenty of products that are aimed at subprime borrowers.

All of these cards are typical of subprime cards in that they require a money upfront, which may include application fees, annual fees or processing fees.

Instead, you'll have to look for a «B lender» or «subprime lender»; these financial institutions, including trust companies, work almost exclusively with people that do not have ideal credit scores.

Costly subprime mortgages are associated with borrowers who have poor credit, while «Alt A» loans in the recent past have included such toxic financial products as option ARMs and interest - only mortgages.

Another practice among predatory lenders is to include a prepayment penalty on loan agreements, especially those involving subprime mortgages or car loans.

This gives you a number of options to choose from, including a number of top 25 lenders and subprime lenders.

When he's not keeping readers informed of changes in the subprime market, Mike's hobbies include sailing and gourmet cooking.

Many large investors holding mortgage - backed securities created CDOs, which included tranches filled with subprime loans.

Three subprime auto lenders that have filed for bankruptcy or shut down in recent weeks include Summit Financial Corp., Spring Tree Lending, and Pelican Auto Finance.

In late 2006 and early 2007, many of the largest subprime lenders closed shop, including Fremont, New Century, Ameriquest, and many, many more.

Many sub-prime loans include prepayment penalties, which opponents say target the poor, who usually are the ones with subprime loans.

Most types of loans have subprime options, which include auto loans, mortgages, and personal loans.

The Consumer Finance Protection Board (CFPB) maintains a list of consumer reporting companies that includes a section listing low income and subprime reports.

Bear Stearns had also been battered by the subprime mortgage crisis, and many investors had hoped its tie - up with a foreign bank would include a cash infusion.

Although the first two on the list are known for walking the «corporate social responsibility» (CSR) talk, the others include four mega-banks that had a hand in the subprime mortgage crisis.

By then, though, the company had already taken a deeper dive into credit - default swaps, including an expansion into the subprime mortgage market that would eventually trigger the improbable.

Then he branched out into other areas, including his now famous move in the subprime area.

The subprime mortgage crisis of 2007 — 10 stemmed from an earlier expansion of mortgage credit, including to borrowers who previously would have had difficulty getting mortgages, which both contributed to and was facilitated by rapidly rising home prices.

Loss severities, which include the costs to foreclose and liquidate a home and declines in property value, are expected to rise to 70 percent for 2006 and 2007 subprime bonds and 60 percent for Alt - A bonds issued in those years, S&P added.

As prices drop and more people go into a severe negative equity position, defaults and foreclosures in Jumboland, which includes Jumbo Prime and Alt - A, will follow the path of Subprime.

Our own experience with CRA over more than 30 years and recent analysis of available data, including data on subprime loan performance, runs counter to the charge that CRA was at the root of, or otherwise contributed in any substantive way to, the current mortgage difficulties.

The growth in subprime loans made homeownership possible for many more people, including low - income and minority families.

Today private securitization companies hold just $ 490 billion in total assets, including $ 420 billion in subprime and Alt - A loans.14

[126][130][131] During a 2008 House Committee on Oversight and Government Reform hearing on the role of Fannie Mae and Freddie Mac in the financial crisis, including in relation to the Community Reinvestment Act, when asked if the CRA provided the «fuel» for increasing subprime loans, former Fannie Mae CEO Franklin Raines said it might have been a catalyst encouraging bad behavior, but it was difficult to know.