Sentences with phrase «mortgage crisis in»

At the height of the mortgage crisis in 2008 and 2009, foreclosed homes were typically sold at more than 25 percent below their estimated market value.

Although the crisis was triggered by the subprime mortgage crisis in the US and the resulting global credit crunch, the primary cause of the banking crisis was imprudent lending practices by Ireland's largest domestic banks.

Like the mortgage crisis in 2007 and 2008 this has been developing over a period of time.

I was exploring the death of a way of life, and the acute consequences of the mortgage crisis in East Texas.»

Chancellor Alistair Darling has launched a work group to explore how the government could improve the functionality of the mortgage crisis in order to avert a lending crisis.

Without proper state oversight, these deceptive practices could potentially lead to another financial meltdown, similar to the subprime mortgage crisis in 2008.

The deceptive practices could potentially lead to another market meltdown, similar to the subprime mortgage crisis in 2008, without proper state regulation.

Loftier office location may be one element that nudges money managers to take unreasonable risks, whether during the subprime mortgage crisis in 2008, historic volatility in the cybercurrency market or in the record stock market surge that ended in January.

«My expectation is that banks will engage in prudent lending — not the type of «race to the bottom» practices that led to a mortgage crisis in the United States.»

Not exact matches

The federal finance minister publicly warned them to avoid imitating aggressive practices that led to the U.S. mortgage crisis, and thanked BMO's competitors for not lowering their own rates in response.

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.

«When house prices declined, ushering in the global financial crisis, many households saw their wealth shrink relative to their debt,» its authors observed, «and with less income and more unemployment, found it harder to meet mortgage payments.»

In 2008, when the sub-prime mortgage crisis upended the multi-billion-dollar property valuation industry, Real Matters, a Markham, Ont. - based startup that provides property information to banks and insurance agencies, was in the unique position of being nimble in a market dominated by giantIn 2008, when the sub-prime mortgage crisis upended the multi-billion-dollar property valuation industry, Real Matters, a Markham, Ont. - based startup that provides property information to banks and insurance agencies, was in the unique position of being nimble in a market dominated by giantin the unique position of being nimble in a market dominated by giantin a market dominated by giants.

The hedge fund famously profited during the financial crisis by investing in risky mortgage securities known as collateralized debt obligations (CDOs) while also shorting them, a maneuver highlighted in Michael Lewis's book «The Big Short.»

And in a reversal of fortune, the financial crisis caused a big shift in the mortgage market, hugely benefiting LendingTree.

Even the most popular explainer in recent years of the financial crisis — «The Big Short» — had to employ non sequiturs with celebrities explaining ideas like mortgage - backed securities and credit default swaps to communicate how it happened.

The relationship between homeownership and wealth held true even in the years surrounding the mortgage crisis, which wiped out trillions of dollars in home equity and caused over 4 million Americans to lose their homes, researchers for Harvard University's Joint Center for Housing Studies found.

The Oracle of Omaha first got involved with the Charlotte - based banking giant back in 2011, when investors began questioning whether Bank of America could deal with legal fees and liabilities stemming from the subprime mortgage crisis.

From the low - level shysters who peddled dodgy mortgages to the Wall Street investors who packaged them into securities and the investors who bought them, everyone involved in the subprime debacle always seems somewhat put - off when reminded that at root this was a crisis about actual people and their actual homes.

In 2008, at the start of the financial crisis, Freddie Mac, along with its sister company Fannie Mae, was on the hook for piles and piles of unwise mortgage loans, and had to be bailed out by the government.

(Recall that banks themselves were the ultimate bagholders on many mortgages that went south in the run - up to the financial crisis.)

Goldman Sachs on Thursday said it reached an agreement in principal to resolve a long running government investigation into its sales of residential mortgage bonds in the run up to the financial crisis.

The face - to - face meeting between Moynihan and Holder is being pushed as the bank faces the possibility of a lawsuit from the U.S. Attorney's office in New Jersey against Merrill Lynch's actions leading up to the mortgage crisis.

Investment banking giant Goldman Sachs (gs) has agreed to a list of «facts» in addition to paying $ 5.1 billion to settle a lawsuit related to its handling of mortgage - backed securities leading up to the 2007 financial crisis, the U.S. Department of Justice announced Monday.

If you were a homeowner in danger of losing your home at the height of the foreclosure crisis, chances are you soon discovered that your bank's mortgage servicing division was a mess.

In the United States, which opened up its MLS to marketing - only services in 2008 as part of a settlement of an antitrust suit brought on by the Department of Justice, flat - fee brokers today represent about 10 % of the marketplace, and the FSBOs, according to a 2009 National Association of Realtors survey, 11 % (though, it's important to note, the U.S. market has been severely affected by the sub-prime mortgage crisis and had lower commissions in the first placeIn the United States, which opened up its MLS to marketing - only services in 2008 as part of a settlement of an antitrust suit brought on by the Department of Justice, flat - fee brokers today represent about 10 % of the marketplace, and the FSBOs, according to a 2009 National Association of Realtors survey, 11 % (though, it's important to note, the U.S. market has been severely affected by the sub-prime mortgage crisis and had lower commissions in the first placein 2008 as part of a settlement of an antitrust suit brought on by the Department of Justice, flat - fee brokers today represent about 10 % of the marketplace, and the FSBOs, according to a 2009 National Association of Realtors survey, 11 % (though, it's important to note, the U.S. market has been severely affected by the sub-prime mortgage crisis and had lower commissions in the first placein the first place).

In 1999 he was followed by Fannie Mae's Franklin Raines, who was eventually ousted after the 2008 mortgage crisis.

However she dismisses the comparison with the U.S. subprime crisis, in which people who could not really afford one home ended up buying two or three; the HOME program will be limited to principal residences for first - time buyers only — and ones who have already met mortgage requirements.

Adelson, a former reporter and mortgage broker and the son of Ukrainian - Jewish immigrants, was hit hard during the financial crisis in 2008,

JPMorgan Chase, seeking to avert a wave of litigation from the government, is negotiating a multibillion - dollar settlement with state and federal agencies over the bank's sale of troubled mortgage securities to investors in the run - up to the financial crisis.

In addition to the scrutiny of its crisis - era mortgage business, the investigations involve JPMorgan's debt collection practices and its hiring of the children of Chinese officials.

The nation's largest bank is bracing for a lawsuit from federal prosecutors in California who suspect that the bank sold shoddy mortgage securities to investors in the run - up to the financial crisis, according to people briefed on the matter.

«Responsible lending by community banks and credit unions did not cause the financial crisis, and our mortgage rules reflect the fact that small institutions play a vital role in many communities,» CFPB Director Richard Cordray said in a press release.

Examples from the last few years include the subprime mortgage crisis; the failure of the Peanut Corporation of America; the 2007 pet food scandal; lead paint on children's toys in 2007; melamine - laced Chinese milk products; contaminants in the drug Heparin; and dioxin - contaminated Irish pork.

Credit default swaps figured prominently in the financial crisis, notably in the near - collapse of American International Group, a giant insurer that sold protection to investors in home mortgages but couldn't pay out on the policies when the housing market crashed.

For example, heightened risk taking by investors and elevated leverage in large financial institutions and in shadow banking activities were among the factors that turned a downturn in the U.S. subprime mortgage market into a global financial crisis.

The cascading effect of the sharp increase in mortgage delinquencies and the resulting steep decline in the market value of mortgage assets was a key contributing factor to the financial crisis.

At the start of the housing crisis in 2008, average annual rates on 30 - year fixed mortgages hovered around 6 %.

In the wake of the subprime mortgage crisis that defined 2008, even the most risk - tolerant shareholders thought twice before focusing funds on the unpredictable and often turbulent market.

He was also forced to clean up other messes, including bad bets on U.S. subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.

Global financial crisis: causes, consequences, cures Central bank responses to the crisis: issues of democratic accountability, QE and inflation, regulatory reform Fiscal policy responses to the crisis: issues of inflation, stimulus, debt sustainability Real estate prices and mortgage problems New directions in economics in light of the GFC Impacts of the GFC on the BRICS and the developing world Modern Money Theory, Functional Finance Job Guarantee / Employer of Last Resort Problems of Euroland,

Bank of America has discussed paying about $ 12 billion, including more than $ 5 billion to help struggling homeowners, to resolve a range of federal and state probes, primarily into whether the company and its units defrauded mortgage bond investors in the run - up to the financial crisis, people familiar with the matter said.

When the subprime mortgage crisis hit in May, Delvinia prepared for the worst.

Measures of negative equity have become a key component in crafting policies to address the foreclosure crisis, as these borrowers are twice as likely to be seriously delinquent or in default on their first - lien mortgage compared with positive equity borrowers.

(The Fed also acquired large holdings in mortgage - backed securities during the financial crisis and it is trimming its rollover of maturing principal in those as well.)

Over the next century and a half the company underwent numerous changes and engaged in several alliances and partnerships While the bankruptcy of Lehman Brothers did not cause the Great Recession or even the subprime mortgage crisis, its downfall triggered a massive selloff in the global markets.

Result: In 2007, the collapse of the housing market triggered the subprime mortgage crisis and a three - year - long global recession.

Speculative lending practices fueled a massive housing boom in the U.S. that inevitably led to the subprime mortgage crisis.

As documented in Milesi - Ferreti (2009) and Bernake et al (2011) while total holdings of US debt services on the eve of the crisis were high in China and Japan, holdings of privately issued mortgage backed securities were concentrated in advanced economies and offshore centers.

In the wake of the (now overbought) relief rally following the Bear Stearns debacle, we are hearing the increasingly prevalent notion that the financial markets have «put in a bottom» and that the mortgage crisis is largely behind uIn the wake of the (now overbought) relief rally following the Bear Stearns debacle, we are hearing the increasingly prevalent notion that the financial markets have «put in a bottom» and that the mortgage crisis is largely behind uin a bottom» and that the mortgage crisis is largely behind us.