Sentences with phrase «like subprime»

Comments from Kevin Watters, CEO of Chase Mortgage Banking, earlier this week that the Federal Housing Administration's loan requirements look an awful lot like subprime lending incited quite the debate on social media over what exactly is subprime lending.

«A lot of CMBS loans were placed just like the subprime residential loans were placed — on projections of future value,» says Clemente, whose firm sold a handful of properties in the Washington, D.C., area at the top of the market for $ 200 million.

And, like subprime mortgages before the financial crisis, many subprime auto loans are bundled into complex bonds and sold as securities by banks to insurance companies, mutual funds and public pension funds — a process that creates ever - greater demand for loans.

When money is being thrown at a sub-asset class, like subprime RMBS in 2006 - 7, or manufactured housing ABS in 2000 - 1, the results are bad.

Since this sounds like a subprime loan, in a way the PMI is rolled in and is a result of the higher interest rate.

Take on additional credit risk, like subprime lending inside the life companies through securities lending.

[For] economic growth in the future, a prerequisite is that we stop treating the planet like a subprime loan.

Widespread financial shenanigans during the run - up in house prices in the early 2000s — like subprime lending and dodgy approvals — resulted in a very painful housing crash and recession.

In the quest to compensate for low fixed income returns, pension funds have plowed money into stocks, private equity funds and illiquid and very risky investments, like subprime auto loan securities and commercial real estate.

Just like subprime mortgage lending dragged so many American homeowners underwater during the housing crisis, some private lenders aggressively marketed their loans to students who weren't financially fit to support them.

Not exact matches

Scott, like most everyone in the U.S., is eager to put the subprime crisis behind him.

Asked to make a case for the work of short sellers like himself, Muddy Waters» Block said in an e-mail to Canadian Business: «We think the real estate crisis [in the U.S.] could have been less severe had short - sellers felt comfortable enough to speak publicly about the problems they found with subprime lenders.

Bonnie Faulkner: It looks like the Bank of America is going back into the subprime loan market, albeit in league with U.S. Government.

Trillions of dollars in student and auto loan industry (auto loan now has subprime loans, just like back in 2007/2008 with the housing market) could cause the market to come crashing down again.

Now that many African Americans in cities like Atlanta were foreclosed on during the subprime crisis, many of them have bad credit as a result — which means they can't buy homes the traditional way, and so are being offered contract - for - deed payments once again.

Benjamin Tal's (CIBC's Deputy Chief Economist) following statement, in the Financial Post, helps to clarify what a subprime mortgage can mean in Canada: «But remember subprime can be someone like a plumber,» he said, referring to self - employed workers, a segment of the market that Canada Mortgage and Housing Corp. has mostly abandoned when it comes to backing loans.»

It's a darker album than Fear Fun, taking aim at the American Dream with lines like, Oh, they gave me a useless education / And a subprime loan / On a craftsman home / Keep my prescriptions filled... Save me, President Jesus.

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.

I'd like to know every meeting Harry wilson attended as a partner at silverpoint to see if he's lying about his involvement with all the subprime mortgage investments — as the Daily News reported today.

It was common knowledge that «no doc» loans were absurd, and the adjustable rate schedules and prepayment penalties for subprime (and some conventional) loans were beyond impractical and more like homicidal (from a lending perspective).

As framing home ownership as the embodiment of the «American Dream» stoked the zeal behind subprime loans, a buzzword like «school choice» fuels charter expansion, making it difficult to create space for a reasonable national discussion about accountability.

Like I mentioned before, had you correctly predicted that the subprime industry was going to fail when Bear Sterns collapsed, you could still have lost everything if you didn't time it right!

I pushed back, exclaiming that I have never seen such horrible loan products as the predatory student loans that were issued like candy during the heyday of subprime lending.

Since installment loan borrowers are almost exclusively subprime borrowers with poor credit histories, the loans are typically secured by personal property like cars, electronics, tools, guns, jewelry, etc..

I wouldn't call these loans subprime just yet though, because a steady income stream is pretty much mandatory, but I feel like tendencies are pointing to the idea that banks might start tapping into the subprime market sooner or later.

If there are to be 30 - year mortgages, let them be purely private, like Alt - A, Jumbo, and Subprime loans.

Whether approaching a traditional lender, like a bank, or an alternative lender, like an online subprime financial company, the sum of money secured can be used to clear debts in one go.

Like an ARM at subprime rates with a monthly payment that would swallow an entire paycheck every month?

A subprime card may be from a bank with an obscure name, or perhaps one that's meant to sound kind of like a major bank that you've heard of.

Plus, the Collateralized Debt Obligation (CDO), where these subprime loans ended up, will drop like a rock as investors sell these since they are expecting higher payouts.

What you need to keep in mind is that subprime loans carry opportunities and risks like a prime loan would.

In the 1990s and early 2000s, subprime loans were given out like candy.

The majority of the loans being subprime loans worries me... it sets people up for failure, just like the mortgage lending practices used to.

But if your only option is a subprime auto loan, should you feel like you're heading into dark territory?

So today, the big players in the secondary mortgage market (like Freddie Mac) have changed their tune regarding subprime loans.

With the falling U.S. home prices, tightening credit markets, and the general economic uncertainty caused by the subprime lending fiasco, credit card issuers like American Express are facing declining consumer spending as well as the increased likelihood that some customers will be unable to repay their balances.

Nowadays, if you're looking for a subprime loan, you can either check out government programs like FHA loans or VA loans, or seek out a non-QM lender, the latter of which offers more accommodating financing alternatives.

But much like the country's private lenders during the first several years of the present century, Fannie Mae and Freddie Mac's drive to increase profits helped create the housing bubble (thanks to lowered underwriting standards, approvals for subprime borrowers and the bundling of loans into mortgage - backed securities).

So, while this kind of strategy seems intellectually appealing due to our two most recent market experiences (the late 90's tech boom and the subprime mortgage crisis), I don't really believe it is implementable for mere mortals like me.

Why not replace it with equally safe and liquid assets that offered considerably more yield, like bonds backed by AAA - rated subprime or Alt - A mortgage collateral?

Subprime loans like most mortgages are securitized but unlike most mortgages were done in such a way that the banks holding these bad loans didn't know it - and couldn't calculate their exposure.

Like a comet that returns to earth's atmosphere every few years, subprime loans will come back.

C.D.O.'s were a step removed — instead of buying mortgages, they bought bonds that were backed by mortgages, like the bonds issued by Subprime XYZ.

Last question, do you have side of your balance sheet, you know, there is a decent amount of turmoil out there now, with respect to various types of AAA structured product and I know you didn't do that much with subprime or anything like that.

And, like Lehman, Merrill is losing money on subprime loans hand over fist — $ 111 million through the first half of this year.

It looks like it would be impossible to issue subprime loans because of the 80 % LTV, income verification, no neg am, first lien, underwriting must be done at the fully indexed rate.

Well, I'll start that answering your question David and then I'll turn it to Frank, but from the investments, I would like to just further assure our investors that we have absolutely no subprime exposure.

Private and subprime mortgage lenders mostly use collateral like equity earned when considering a «refinance» or a more significant down - payment when talking about a «purchase money» transaction.

And I would like to ask Dr. Jones - DeWeever if you could tell us a bit about your research concerning subprime lending and racial and gender disparities in the distribution of subprime loans?

The subprime crisis and and the accompanying downturn in the U.S. economy, and falling interest rates combine to form a toxic cocktail for reinsurers like RGA.