Sentences with phrase «not subprime»

Not every subprime loan is a bad loan.

According to a recent investigation by Barron's, Fannie's biggest problem was not the subprime mortgages they bought — it was the better quality Alt A mortgages that caused their demise:

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

These are not subprime loans.

Not all subprime lenders are out to get you.

This time, it's not subprime lenders helping to push up prices, but easy - money government policies and billion - dollar hedge funds.

Recall that Gary Gorton provides evidence that many of the CDOs and MBS were not subprime, but when the market panicked a liquidity crisis became a solvency crisis.

Those left out in the cold: Borrowers who can afford a rate adjustment; those who are already behind on their payments; borrowers who hold option - ARMs that aren't subprime; those who can refinance into a fixed - rate loan; and those who bought homes as investments.

«If it weren't the subprime crisis it would have been something else,» he said.

Not exact matches

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.

Just like subprime mortgage lending dragged so many American homeowners underwater during the housing crisis, some private lenders aggressively marketed their loans to students who weren't financially fit to support them.

It followed a report last month by the Seattle Times newspaper and online BuzzFeed News accusing the largest U.S. mobile home builder of exploiting black, Latino and Native American borrowers by driving them into subprime loans they can not afford, and harming communities by repossessing homes after borrowers default.

Unlike mortgage - backed securities, solar bundles do not include subprime loans.

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.

«The bad news is there are people, not just subprime or near - prime but prime, prime - plus and super prime (affected) that lenders may not think about,» said Nidhi Verma, senior director of research and consulting for TransUnion.

Not long after she took charge in June 2006, Bair began sounding the alarm about the dangers posed by the explosive growth of subprime mortgages, which she feared would not only ravage neighborhoods when homeowners began to default — as they inevitably did — but also wreak havoc on the banking systNot long after she took charge in June 2006, Bair began sounding the alarm about the dangers posed by the explosive growth of subprime mortgages, which she feared would not only ravage neighborhoods when homeowners began to default — as they inevitably did — but also wreak havoc on the banking systnot only ravage neighborhoods when homeowners began to default — as they inevitably did — but also wreak havoc on the banking system.

By the time Bair got to Washington, the O.C.C. had spent a year devising «voluntary subprime guidance» for the banks it regulated, but it had not yet gotten around to issuing that guidance.

A subprime mortgage is a type of loan for people with poor credit histories who can't qualify for conventional mortgages.

In response to a pessimistic Merrill Lynch report on Canada's housing market, for example, Harper said «We don't have the same situation here with the mortgages as was the case in the U.S. with the subprime mortgages there.

Struggling to find enough drivers willing to put miles on their own cars, Uber recently began offering subprime auto loans to would - be drivers, conveniently extracting payments directly from their paychecks, or (because Uber insists its drivers aren't its employees) their «Uber earnings.»

This subprime mania in its essence — though not name — and will lead to another massive Fannie / Freddie / FHA / VHA bailout.

He didn't see subprime.

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.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

One of the few positives in acknowledging that one is a subprime lender is that, unlike the so - called prime lenders, the buyers of Block's mortgages can't now come back claiming they were shocked to discover the loans were indeed subprime.

[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.»

Of course much of the global economic crisis a decade ago was due to the American government handing out subprime mortgages to consumers who couldn't afford to pay for the homes they were living in.

It had dawned on her that they probably shouldn't have refinanced their house with a $ 440,000 subprime mortgage.

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

Eisman, whose bet against the subprime lending market prior to the housing collapse was depicted in the 2015 movie, said the slowdown in lending to small businesses also is not related to Dodd - Frank.

I don't doubt that HKMA officials actually believe they have it totally under control; they all believe that in the beginning (subprime is always contained).

Even VA lenders that allow lower credit scores don't accept subprime credit.

That statement would clearly be more reassuring to Americans had not the largest bank in the U.S. in 2008, Citigroup, blown itself up while lying to the public and its shareholders about its exposure to subprime debt and holding more than $ 1 trillion in assets off its balance sheet.

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.

Now that many African Americans in cities like Atlanta were foreclosed on during the subprime crisis, many of them have bad credit as a result — which means they can't buy homes the traditional way, and so are being offered contract - for - deed payments once again.

Thirdly, even without the home - made problems it is not clear how good subprime business will be in the UK going forward.

We're thinking about the time Wall Street banks colluded on rigging prices on the Nasdaq market; or the time they rigged their research departments and told us to buy stocks that they were secretly callings dogs and crap; or the time they got S&P and Moody's to give them triple - A ratings on subprime pools of debt while keeping it a secret that they had internal reports showing the loans didn't meet their origination standards — and then they went out and secretly shorted that debt while continuing to sell it to their customers as a good investment.

It would not take a forensic accountant to trace the origins of the global financial crisis to credit default swaps that were exposed to subprime mortgages.

Burry, if you're not familiar, was one of the investors that profited from the subprime bubble.

As I recall, the American subprime product offered a low interest rate on the front end as an slippery inducement that was structured to jump by about 4 %, not much later on.

I believe that you are correct with the following: «we don't have true subprime mortgages in Canada.»

However, I don't believe that the word «fiasco» has ever been used to describe the Canadian subprime mortgage market.

While it may be true that the keyword «Pacifica California Subprime Refinancing Interest Rates Mortgage Companies» will not be specifically purchased by many of your competitors, it is no longer true that you alone will show up on this keyword should you be the only one to buy it.

And if you don't believe that Italy's problems could have a major impact on US investors, remember how the US subprime mortgage crash and subsequent financial crisis affected the entire world.

During the boom in subprime mortgages, US lenders thought they could manage their exposure to these risky borrowers by ensuring they would not remain customers for long.

Well, the last time Americans had a president who was psychologically «programmed» to ignore facts that didn't agree with his beliefs, the USA ended up wasting $ 1T in an illegal war to «liberate» 100's of billions of barrels of Iraqi oil (as many as 1.2 M people died in the process due to violence, disease & starvation resulting from the conflict), nearly $ 5T was added to the U.S. federal debt, a man with experience as the Judges and Stewards Commissioner for the International Arabian Horse Association was put in charge of the Federal Emergency Management Agency (FEMA), the U.S. subprime credit «bubble» expanded hugely & then imploded, wiping out some $ 14T in global wealth & destroying millions of jobs, etc..

The Bible doesn't record any instance where someone asked Jesus about the morality of a subprime loan or the best way to reduce the deficit.

Second, if Harry Wilson is so against subprime mortgages and said he knew they were a disaster, why didn't he prevent the company he's a partner of investing in those mortgages.

Did you bother to ask him for comment on the recent report that while he was partner, the company he was in had massive investments in subprime mortgages, a issue Harry Wilson criticized... Don't you agree the taxpayers deserve to know these records since it would be Harry Wilson making those investments should he be elected?

Some critics of Cuomo say that as the head of HUD, Cuomo did not do enough to rein in the subprime housing market, which collapsed and was a major factor in causing the Great Recession of 2008.