Sentences with phrase «making subprime»

As a result, it'll be very difficult to qualify for a regular prime credit card, making subprime and secured credit cards likely your only option until you can build a better credit score.

Because the bond funding of subprime mortgages collapsed, lenders stopped making subprime and other nonprime risky mortgages.

Aurora, which focuses on so called Alt - A loans, those made to borrowers with good credit, will continue to operate and may, over time, resume making subprime loans if the market for them revives, according to people briefed on the firm's plans.

Have you noticed that mortgage brokers started making subprime loans because the credit worthy borrowers already had all the housing they needed for some time to come?

By 2005, many lenders dropped the required FICO score to 620, making it much easier to qualify for prime loans and making subprime lending a riskier business.

It owned office buildings and stores; financed supermarkets, fast - food franchises, and other mid-market businesses; loaned money to consumers; sold insurance; and at one time even made subprime mortgages.

Some conservatives have pushed the talking point that liberal Democrats «forced» bankers to make subprime loans.

Car dealerships may also have connections to lenders that make subprime loans, making special offers to, «approve anyone regardless of credit.»

The tightened limits — sometimes only in the hundreds of dollars — make it more difficult for subprime consumers to dig out of their credit hole, and even threaten to make their subprime status perpetual.

You will lose your wheels, and no one, NO ONE, will make a subprime auto loan to you for the long foreseeable future.

Today, in 2011, you won't find any lenders willing to make subprime loans to poorly qualified borrowers.

The Government was twisting the arms of lending institutions to make subprime loans to those who were very unlikely to pay those loans back.

Not exact matches

Subprime mortgages were home loans made to borrowers with weak credit and high debt.

The short seller made famous for his controversial and astute negative call on the U.S. subprime market is calling for a «pretty severe correction» in the Canadian housing market.

Goldman may be hoping that this new venture will soften its image and make it more popular with average Americans, but it's hard to forget its role in the subprime mortgage crisis that destroyed billions of dollars of value on Main Street, not to mention people's livelihoods.

The states of Illinois and Washington sued Navient in separate complaints on Wednesday, which also named Sallie Mae, for servicing problems and for subprime loans allegedly designed to make borrowers fail.

Back in 2010 it paid $ 550 million to settle charges brought by the Securities and Exchange Commission that it mislead investors into buying a so - called synthetic collateralized debt obligation named Abacus, which was made up of a bundle of financial instruments tied to subprime mortgage bonds, many of which plummeted in value shortly after the deal was sold.

Big Wall Street banks have found a way to continue funneling money to high - risk borrowers — by lending to other institutions who make the so - called subprime loans.

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.

The only retraction Bernanke has made was in reference to his May 2007 comment that he thought the subprime mortgage mess would be contained.

Now, as Wall Street executives come under pressure from shareholders for their mounting subprime - related losses, Mr. Steel's mix of a Goldman pedigree and years in the thick of the government's effort to grapple with the housing crisis has made him a short - list regular on investment bank board committees looking for new leadership.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Although I eventually plan to talk about monetary arrangements that might make maintaining a steady flow of spending a lot easier than our present system does, for now I'm going to stick to discussing how the same goal might be achieved, at least in principle, in our present monetary system or, more precisely, in the system we had until the subprime crisis of 2008.

Thirdly, even without the home - made problems it is not clear how good subprime business will be in the UK going forward.

So, in an attempt to highlight why the total residential mortgage risk exposure is so much greater than anybody's expectations, this report drills down on Prime, Alt - A and Subprime allowable debt - to - income (DTI) ratios that were made ridiculously lax relative to pre and post 2003 — 2007.

Did you bother to ask him for comment on the recent report that while he was partner, the company he was in had massive investments in subprime mortgages, a issue Harry Wilson criticized... Don't you agree the taxpayers deserve to know these records since it would be Harry Wilson making those investments should he be elected?

«Blessed with that strain of amoral entrepreneurialism in which money - making opportunities must be seized, whether they be cigarettes, sex, or subprime mortgages.»

By the way, the players that profited from the fall of the USA housing market were not any different from the players who made millions by packaging subprime mortgages as «securities» — they were simply smarter.

You and your co-authors make the case that, just as with subprime mortgages, the federal government is encouraging the expansion of charter schools with little oversight, and the result could be a charter school «bubble» that blows up in urban communities.

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.

Leave that to the subprime folks, who followed on the heels of the dotcommers in coming up with new math that ultimately didn't make any sense.

According to TheStreet.com, «now that the subprime market is temporarily dead, FHA loans have become, in some respects, the «new subprime,» with borrowers making down payments as low as 3.5 %, and qualifying for lower rates than conventional borrowers.»

Furthermore, subprime and predatory loans are disproportionately made to minorities.

Last year the fund soared 138 % in value thanks to a huge bet that Burry had made on the subprime mortgage market.

Wells Fargo spokeswoman Vickee Adams said the problematic FHA loans turned up as the bank reviewed operations at two mortgage channels it has closed down: a subprime lending arm, Wells Fargo Financial, and a wholesale arm that made loans through independent brokers.

To illustrate, if you are issuing bad credit loans to 50 people with poor and subprime credit with a likelihood of 20 of them running away with your money, logic dictates that you make enough money from the remaining 30 to cover the losses and expenses.

The question applies anytime you make a commitment to an investment (even if that happens to be a subprime mortgage bond), then find a better one later.

Lenders that acquire subprime accounts can also try to increase their income by applying pressure on delinquent cardholders to start making payments again.

Borrowers can get a loan, use it to pay off their debt, then make payments on the subprime loan on time.

These «subprime» credit cards target people with bad credit and make cardholders pay dearly with high annual fees and interest rates.

But subprime lenders are more flexible, making it easier to get the good terms desired.

To make up for their poor credit standing, subprime borrowers pay higher interest rates.

Select subprime companies specialize in making underwriting decisions without pulling a copy a traditional consumer report.

One idea is to make NO loans available for subprime borrowers, thus solving the problem of undue lender risk.

Make no mistake, the likelihood of seeing subprime loans and the predatory products in years past will likely never come into the market again, and rightfully so.

Subprime loans are made to borrowers with a poor credit history and a high chance of defaulting on repayment.

Oblivious to the recent debacle in subprime home lending, auto lenders have worked hard to develop the subprime (borrowers with credit scores below 640) auto loan market, offering seven and eight year loans and other strategies designed to make monthly payments low.

Subprime loans can help borrowers fix their credit scores, by using it to pay off other debts and then working towards making timely payments on the mortgage.

Still others made comparisons about how this new loan will re-create the conditions of the U.S. subprime crisis — creating a situation where over-leveraged buyers take on too much housing debt.

In fact, some would argue that in 2018, subprime loans are making a strong comeback and that for some, they could be just what is needed depending on your scenario.