Sentences with phrase «lending practices of the past»

«Realtors ® support strong underwriting standards to protect consumers from the risky lending practices of the past, but we are concerned that the pendulum has swung too far.

HUD is working hard to encourage homeownership while ensuring that consumers are protected from the risky lending practices of the past,» said Castro.

Not exact matches

It's also a legacy of «redlining» by banks — the past practice, now illegal, of classifying minority - dominated neighborhoods as too dangerous for lending.

Part of what led to the turmoil of the past two years was that, in the absence of clear rules and sound practices, people did not trust that our system was one in which it was safe to invest or lend.

Harry recognizes corporate up and comer Adam as «an arrogant Little snot» from her past, while he is appalled that he struck such a revered legal figure, which prompts him to take a leave of absence and lend his skills to Harry's new practice, which she accepts grudgingly.

Over the past several years, predatory lending practices have been prevalent in the area of home mortgages.

The mainstream view is that this was the result of insufficient regulation (e.g. repeal of Glass Steagall, non-regulation of derivatives, effective elimination of bank reserve requirements, etc.) The Austrian view is that this was the result of too much regulation / gov» t intervention (e.g. repetitive bank bailouts over the past few decades which ingrained a culture of privatizing profits and socializing risks, the «Greenspan / Bernanke put» designed to inject liquidity whenever the stock market goes down, and regulations dating back to the 1930's such as FDIC insurance which, for example, eliminates the incentive for consumers to select their banks based on conservative lending practices.

As head of the consumer financial services enforcement and litigation practice at Skadden, Arps, Slate, Meagher & Flom, he's devoted much of the past year to defending banking and lending clients against litigation stemming from the subprime mortgage crisis.

Still wary of past shaky lending practices and encumbered with regulations (like the 2010 Dodd - Frank Act), traditional lenders are not willing or able to provide speculative construction loans.