Who paid attention to the increases in debts, especially junior debts like home equity
lending during the boom?
Not exact matches
During the
boom years of the 1990s, when many large lenders were aggressively pursuing promising entrepreneurial customers, it made sense for fast - growing companies to upgrade their
lending relationships.
A demographer at the Brookings Institution attributes the population growth to a more diversified economy in Texas and more conservative
lending practices
during the real estate
boom.
«The bank regulators have been criticized for failing to stop unsafe
lending during the housing
boom and for pre-empting state attempts to rein in predatory
lending.
For example, after an explosion of second mortgages
during the
lending boom, many borrowers facing default have more than one lender to contend with, and those lenders may have conflicting interests.
One, they attracted hot money from those who chase trends
during the times where
lending policies were easier, and the markets were
booming.
The concept of subprime mortgage
lending was born
during the housing
boom that started toward the end of the 1990s.
Once this happens, the poor
lending and underwriting standards
during the
boom will become all too apparent.
The reason the number of affordable / subprime mortgages skyrocketed
during the
boom was because lower
lending standards mean more people can get mortgages and that means mortgage companies can sell more mortgages.
Wells Fargo & Co. faces the largest fine ever imposed by the Federal Reserve over charges that the mortgage
lending giant steered borrowers toward higher - priced loans
during the housing
boom.
The mortgage
lending giant faces the largest fine ever imposed by the Federal Reserve over charges that it steered borrowers toward subprime mortgages with higher interest rates
during the housing
boom.