Sentences with phrase «most subprime mortgages»

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

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.

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.

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.

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.

«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.

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

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.

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

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.

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

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.

Alternatively, most stocks in the financials sector moved sharply lower during the collapse of the subprime mortgage market and the subsequent credit crisis in 2008 — 2009.

Most types of loans have subprime options, which include auto loans, mortgages, and personal loans.

Most people who have subprime mortgages whether deliquent or current will not be able to get FHA secure loan because there is no equity in their home.

Subprime loans like most mortgages are securitized but unlike most mortgages were done in such a way that the banks holding these bad loans didn't know it - and couldn't calculate their exposure.

The problems are most severe among subprime mortgages, and especially subprime ARMs.

The Federal Home Loan Mortgage Corporation (Freddie Mac) announces that it will no longer buy the most risky subprime mortgages and mortgage - related secMortgage Corporation (Freddie Mac) announces that it will no longer buy the most risky subprime mortgages and mortgage - related secmortgage - related securities.

It was when Bear Stearns announced two of its funds holding subprime mortgages lost most of their value.

Not all subprime mortgage lenders are approved to originate FHA loans, but most are.

The most recent mortgage delinquency data suggested that defaults on subprime mortgage loans are occurring at measured pace than in recent months, good credit homeowners are beginning to show more and more delinquencies

The granting of undocumented mortgages to subprime borrowers was a major contributor to the Great Recession, so it's understandable that lenders reacted violently by cutting off credit to all but the most creditworthy customers.

The US subprime mortgage crisis, which resulted in the global financial crisis of 2007 - 2008, was the most severe one since the Great Depression, leading to the global economic downturn affecting almost the entire world.

New financial products were used to apportion these risks, with private - label mortgage - backed securities (PMBS) providing most of the funding of subprime mortgages.

Since the most senior tranche (s) was like a «bucket» being filled with the «water» of principal and interest that did not share this water with the next lowest bucket (i.e. tranche) until it was filled to the brim and overflowing, [24] the top buckets / tranches (in theory) had considerable creditworthiness and could earn the highest credit ratings, making them salable to money market and pension funds that would not otherwise deal with subprime mortgage securities.

One of the most palpable examples of these transformations arose in the wake of the subprime mortgage crisis, as families were forced out of their homes subsequent to defaulting on their loans.

Posted 24 January 2009: «Like many of those who were caught off guard by the subprime mortgage crisis, those involved in the rapidly expanding climate change industry are not asking the most fundamental of questions:» • What if the science that supposedly backs concerns over carbon dioxide (CO2)...

From subprime mortgage fiascos to dangerous traffic on the 5, unwanted surprises can challenge even the most responsible Californians.

Sunday, March 02, 2008 Lawyers Close to Partnership - Evaluating Your Situation In Our Slowing Economy The crash of the subprime mortgage industry, rising gas prices, and a looming recession is having an impact on most sectors of the U.S. economy.

While most are honest, some are the same people who not long ago were promoting fraudulent and inappropriate subprime mortgages.

Heck, only about 13 per cent of the entire U.S. mortgage market is subprime and most of those are not in default.

Among the most battered companies is New Century Financial Corp., which invested heavily in subprime residential mortgages and filed for bankruptcy protection in early April.