Sentences with phrase «most subprime»

Most subprime - rate loans are higher priced and most higher - priced loans are thought to originate in the subprime market.

Unsecured cards won't require a deposit, but most subprime unsecured credit cards will require a program or processing fee to open your account, in addition to an annual or maintenance fee.

One thing to look out for when applying for a new credit card to finance a pressing dental bill is that most subprime credit cards come with an annual fee that will be charged as soon as you open the account.

Most subprime mortgage lenders have access to Freddie Mac's higher risk credit products, but not all companies choose to offer the non-prime financing.

Most subprime products require a 80/20 combo when doing 100 % financing, and there's really no benefit to having one loan over two in this case, but 100 % loans are available.

«It's the bottom rung of consumer credit card offerings at the most subprime level.

That said, we would have a problem owning stock in a company if we believed that's its core business harmed people — most subprime lenders at the peak of the housing bubble, certain multi-level marketing firms and tobacco companies come to mind.

First, most subprime mortgages were designed in a way that created rollover risk.

Not exact matches

An alternative (read subprime) mortgage lender based in Toronto, Home Capital targets the self - employed, new immigrants and borrowers with minor blemishes on their credit histories who find themselves unwelcome at most banks.

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

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.

Most recently, he was a Senior Managing Director in the Fixed Income Group, where he specialized in the development and distribution of structured products secured by a variety of residential mortgages, including prime, alt - a and subprime.

Most of the securities derived from these subprime mortgages were deemed to be AAA rated by the rating agencies.

[4] Most worrisome is the warning of Janwillem Acket, chief economist for Julius Baer Group Ltd. (BAER), who claims that Switzerland could experience its own version of the subprime borrowing crisis, saying, «People who shouldn't be borrowing are now seriously considering entering the housing market.»

According to the Federal Reserve's report, most banks said they «do not extend home - purchase loans to subprime borrowers.»

Speaking of which, we have seen time and time again we can not trust banks: The 1997 Asian Financial Crisis, the 2001 Dotcom Bubble and most recently, as mentioned above, the 2008 Subprime Mortgage Crisis which directly led to the 2010 European Sovereign Debt Crisis.

-LRB-...) Originations of subprime loans have increased to their highest levels since the financial crisis, with quarterly volume reaching $ 40.3 billion in the second quarter of last year, up from a recent low of $ 14.9 billion in late 2009 and the most since the second quarter of 2007, according to Equifax.

«The fallout of the subprime mortgage crisis hurts taxpaying homeowners the most,» Klein said.

Even though the Bush administration authorised the TARP program in order to address the subprime mortgage crisis, Republicans resisted the Obama administration's efforts to resolve the financial crisis as it meant more spending, more debt and, most egregiously to the neo-liberal generation of Republicans, more government!

Unscrupulous auto dealerships often engage in lending practices that mirror the subprime mortgage crisis, and we need to take action now to protect our most vulnerable residents from being hurt by these deceptive practices,» said Senator Klein.

The Hour Between Dog and Wolf: Risk Taking, Gut Feelings, and the Biology of Boom and Bust By John Coates Most of us would blame the 2008 financial collapse on the subprime lending meltdown.

Most of my cases as an expert witness involve subprime consumers.

Not a bad way to save money and build credit, and the interest rate is much lower that most loans and credit cards, especially for subprime lenders.

According to the Federal Reserve's report, most banks said they «do not extend home - purchase loans to subprime borrowers.»

In that way, the Capital One ® Secured Mastercard ® is unique and better than most secured credit cards in granting access to credit for subprime users.

Subprime means you have a lower score than most people, so you won't be offered the best rates.

Unlike most of the cards targeted at subprime borrowers, the Capital One ® Secured Mastercard ® has no annual fee, no foreign transaction fees and no penalty APR..

Because most Mariner loans are subprime, the APRs range from 24 percent to 36 percent.

In general, a credit score in the 561 — 680 credit score will be considered «subprime» by most financial institutions.

«* Subprime auto lenders typically adjust their underwriting standards pretty quickly, and most lenders are in the process of tightening standards.

Most lenders stopped offering discounts during the subprime mortgage credit crisis.

Subprime consumers are likely to feel the effects of this rate increase the most.

In all, 50 percent expect subprime auto lending to expand most significantly, while 38 percent believe credit cards will see the largest gain.

Over the past several weeks, the contagion emanating from the collapse of the market for complex structured assets that contain subprime mortgages has shaken the municipal bond market, one of the safest and most stable parts of the US financial system.

Subprime mortgages are loans granted to borrowers with low credit scores — usually below 600 — who would not be approved for most conventional mortgages.

My view is that there are a small number of greedy players that hold most of the credit risk from subprime mortgages, and that their ultimate owners have enough capacity to bear losses that there is no significant contagion risk to the debt and equity markets, even if some players are wiped out, and the banks take modest losses.

Most of the real risks came from badly underwritten home mortgage debt, whether conventional, Alt - A and Jumbo, or subprime.

A similar pace of increases between 2003 and 2006 most certainly did cool the economy, and the rise in short - term rates (and the effects of Fed policy on funding costs in global markets) may have precipitated the early days of the subprime ARM crisis, when rates were being adjusted sharply upward, causing payment shock for borrowers.

Today, most lending companies refer to the subprime mortgage as the, «Non-Qualified mortgage» in an effort to separate their loan products from the bad - label of «subprime» after so many sub-prime mortgage companies went out of business between 2006 and 2009

If you're a subprime auto loan holder, then your chances of getting a good interest rate deal are slimmer than most.

The reason for the concern is most asset - backed CP has mortgages as collateral, and some of those mortgages may be (hold your breath) subprime.

In a 2007 internal note, quoted in Illinois's lawsuit, Sallie Mae described its strategy of using subprime loans to «win school deals and secure F.F.E.L.P. and standard private volume,» a reference to the Federal Family Education Loan program that generated most of the company's profits.»

Mortgage brokers, who also weren't subject to federal regulation or the CRA, originated most of the subprime loans.

The investment banks don't, nor did the now - bankrupt non-bank lenders such as New Century Financial Corp. and Ameriquest that underwrote most of the subprime loans.

Before long, most of the investors backed out, leaving subprime lenders with no capital and a lot of closed doors.

While the definition of subprime varies from lender to lender, most in the industry characterize it as lending to borrowers with credit scores below 620.

Most secured credit cards do not offer this type of perk, since the subprime credit card market isn't generally viewed as competitive or desirable for issuers.

Most of the news on the subprime meltdown focuses on problems borrowers face when their loans reset from low teaser rates to much higher fixed rates.

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.