Sentences with phrase «into subprime lending»

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.

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

Not exact matches

«Predatory subprime auto lending takes advantage of vulnerable New Yorkers in every corner of our state and often drives people with bad credit further into debt.

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.

But the silver lining, according to some experts, is that the subprime auto lending hiccup shouldn't send the economy into a tailspin.

Smaller banks, pumped up by easy money, rushed into subprime mortgage, real estate, and leveraged buyout lending — and they never even attempted to manage the risks.

This led to major shifts in market share, which brought even more lenders into the world of subprime lending.

Lehman's decision to shutter the lending unit, BNC Mortgage, makes it the latest casualty in the subprime mortgage meltdown that started earlier this year and rippled into the broader credit markets starting in late July.

REALTORS ® are all about helping people move, but the current subprime lending crisis has brought into clear focus the added value we can bring by helping home owners and future home buyers avoid having to move because they can't pay their mortgage.

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

The implosion of the subprime lending market in residential real estate first began to emerge in February, throwing the debt markets into a tizzy globally.