Sentences with phrase «nonprime borrowers»

Yet, only six percent of home owners are nonprime borrowers with adjustable rate loans that are resetting to higher rates.

«It is possible that the slight increase in delinquencies year over year can be attributed in part to the increased share among nonprime borrowers of new accounts, but even so, delinquency numbers are not a cause for concern.

«Nonprime borrowers continue to gain more access to credit,» said Becker in the press release.

Nonprime borrowers qualified for 6.34 percent on average, and subprime borrowers got 9.55 percent on average.

Haughwout and Okah estimate that by December 2008, nearly half of all nonprime borrowers in these seventeen cities had negative equity in their homes.

Not exact matches

The Federal Reserve Bank of New York today released Below the Line: Estimates of Negative Equity among Nonprime Mortgage Borrowers, a new forthcoming article in the Bank's Economic Policy Review series.

While tweaks to loan guidelines by the FHA, Fannie Mae and Freddie Mac offer opportunities to more borrowers, consumers with more complex financial circumstances or simply a lack of credit history can turn to «nonprime» lenders.

This matrix should be used to find lenders for unusual properties and borrower situations within nonprime credit guidelines.