Sentences with phrase «more subprime lending»

Anything that encourages more subprime lending (and other high interest forms of debt) is in my opinion, a bad thing.

Not exact matches

Richard Cordray, director of the Consumer Financial Protection Bureau, commented, «Subprime [auto] borrowers may be more vulnerable to predatory practices, so direct oversight of their lending practices is essential.»

In the 1980s, 1990s, and 2000s, banks started lending more to African American buyers, but these buyers were frequently targeted by subprime loans with high interest payments and terms that were difficult to fulfill.

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).

The increased competition within the subprime market has resulted in putting borrowers more in control of lending process.

On the other hand, if the availability and attractiveness of mortgages declines, as did during the fallout from the subprime lending crisis, renting an apartment becomes more appealing, so occupancy rates and rental revenue per apartment increase.

This group has been hit hard with subprime lending, and LendUp hopes to offer them a more affordable option.

Paul Siegfired, senior vice president for TransUnion, commented that this uptick can also be explained by more subprime borrowers entering the card market — an event that occurs as banks relax their lending standards.

The riskiest of the subprime auto loan borrowers might find more luck in going with smaller lenders that are willing to accept the risk to stay in the lending game.

Proponents of subprime lending realized the demand for homeownership and refinancing despite imperfect credit and jumped on this untapped customer base, offering similar, if not more aggressive mortgage loan programs at a premium.

This is especially true if you are a subprime borrower, as credit unions tend to have more lenient lending standards than banks.

What's even more alarming is that subprime auto loans share some strikingly similar numbers to the subprime mortgage lending.

This led to major shifts in market share, which brought even more lenders into the world of subprime lending.

In 2004, as regulators warned that subprime lenders were saddling borrowers with mortgages they could not afford, the U.S. Department of Housing and Urban Development helped fuel more of that risky lending.

Jumbo lending, Alt - A lending and traditional mortgage lending had the same problems as subprime, just in a smaller way — but there was so much more of them.

Subprime auto lending boomed in the aftermath of the Great Recession, since car owners proved more resilient than many lenders had anticipated.

Subprime lending is riskier, because borrowers are more likely to default.

It is a similar story in credit card lending, with lenders providing less credit to subprime borrowers and focusing more heavily on better qualified applicants.

Oh — one more thing, gbaikie — look up deceptive marketing practices used by lenders to sell subprime loans (you can start that search with the keywords «predatory lending.»)

In my own view, the subprime lending parameters in Canada are more restrictive than the American practices and better judgment is in place here.

Canadians are more conservative in their lending practices, not resulting in the same subprime disaster as witnessed in the U.S.,» says Robert Tatomir, broker of record and owner of Future Homes & Real Estate Ltd. in Leamington, Ont.

Since subprime mortgage lending had a large role in instigating the Great Recession, mortgage lending has therefore come under greater scrutiny in the U.S. where information about the prevalence and scope of mortgage fraud is now more readily available.

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.