Sentences with phrase «loans during the housing boom»

Possibly millions of borrowers, many of them minority and low income, who took out subprime loans during the housing boom and are seeing the interest rate on their loans reset upward, face higher payments than they can afford.

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.

Not exact matches

During the housing boom, there were plenty of lenders offering a variety of non-conforming mortgage loans.

During the «anything - goes» days of the U.S. housing boom, 97 % mortgage loans were widely available to home buyers.

Over the years, cash - out refi loans took a bad rap, especially during the housing boom, when too many homeowners relied on the method to stay above water.

During the housing boom, a lot of lenders were using «stated income» loans to attract borrowers, particularly those with unconventional (or even insufficient) income.

During the «anything - goes» days of the U.S. housing boom, 97 % mortgage loans were widely available to home buyers.

While others participated in investor - owned markets or were exposed to exotic mortgages such as option - ARMs and interest - only loans, and while some tolerated lax underwriting standards, FHA stuck to the basics during the housing boom: 30 - year, fixed rate traditional loan products with standard underwriting requirements.

This wasn't an issue during the housing boom, when they were giving mortgage loans to anyone with a pulse.

During the housing boom in the early to mid-2000s, underwriting standards were comparatively loose, allowing many people to take out home loans even though they lacked the means to repay them.

However, during the housing boom that percentage spiked to 21 percent of all loans between years 2004 to 2006.

Repurchase demands for loans originally sold off during the housing boom are in the billions of dollars for many lenders — and still growing.

During the housing boom, there were plenty of lenders offering a variety of non-conforming mortgage loans.

During the housing boom, a lot of lenders were using «stated income» loans to attract borrowers, particularly those with unconventional (or even insufficient) income.

It's hard to get a mortgage loan today, when compared to the days of easy credit during the housing boom.

You've probably heard people joke that, during the housing boom, anyone with a pulse could get a mortgage loan.

During the housing boom years, most lenders were offering loans with down payments as low as 5 %.

During the housing boom, mortgage lenders often enticed borrowers with home loans that required zero or low down payments.

During the height of the housing boom, it was pretty easy to get a home loan with no down payment.

During the housing boom, you could circumvent many of these requirements by using one of several «exotic» mortgage products, such as the stated - income or no - documentation («no doc») loan.

A few years ago, anyone with a pulse could qualify for a home loan as lenders recklessly lowered their standards during the housing boom.

The shutdown of mortgage bond markets that financed many risky borrowers during the housing boom has also made it harder to refinance into affordable loans, they added.

That's because so many borrowers there, facing high housing costs, turned to risky subprime loans during the boom and now are in trouble as rates reset to levels they can't afford.

«For the year, the median down payment for loans secured by single - family homes and condos was 6 percent of the median sales price nationwide, the lowest down payment percentage since 2012, but still close to twice the 3.3 percent in 2006 during the last housing boom.»

During the «anything - goes» days of the U.S. housing boom, 97 % mortgage loans were widely available to home buyers.

Alluding to the excesses in mortgage originations during the housing boom and the subsequent mortgage crisis, the president touted the rules that are now in place to protect households from taking out loans for which they don't have the ability to repay.

Lenders are no longer tripping over one another to hand 100 percent loan - to - value loans to borrowers as they did during the housing boom.

Even as median home values close in on peak levels reached during the housing boom, some people still face a long wait before returning to a positive balance on their home loans.»

During the housing boom, a lot of mortgage loans seemed too good to be true.

You've probably heard people joke that, during the housing boom, anyone with a pulse could get a mortgage loan.

During the housing boom, mortgage lenders were using these loans to entice buyers.

During the housing boom, FHA loans only accounted for about 5 % of total mortgage activity.

During the housing boom, there were plenty of lenders offering a variety of non-conforming mortgage loans.

Lending Standards Loosen Up Getting a mortgage these days is obviously not as easy as it was during the housing boom, when pretty much anyone could get a loan.

It is possible, but mortgage underwriting is far more strict today than during the housing boom, and there are varying waiting periods before former homeowners who went through foreclosure can qualify for a new loan.