Sentences with phrase «of subprime borrowers»
Lenders may cut standards more to grab market share as the pace of auto sales slow and the number of subprime borrowers stops expanding, the rating firm said.
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The 2000s were the decade of subprime borrowers; no longer was this a segment left to fringe lenders.
Nevertheless, there are some lenders out there willing to work with you and some who even specialize in getting car loans into the hands of subprime borrowers.
In the case of subprime borrowers, it is now evident that many did not account for the possibility of having to pay higher interest rates in the future.
Millions of subprime borrowers ended up with loans they couldn't afford on houses they couldn't afford to sell.
Hundreds of thousands of subprime borrowers are still struggling.
This is especially true of subprime borrowers.
fha loans have been saving a lot of subprime borrowers.
As the Wall Street Journal has reported, 61 percent of all subprime borrowers actually qualified for better financing in 2006 and many could have gotten lower - cost FHA mortgages.
As discussed above, lenders» increased appetite for risk can be seen through the influx of subprime borrowers granted mortgages.
The status quo is burdensome for the increasing number of subprime borrowers with bad credit whose position in the present real estate market is not an enviable one: Due to a convergence of factors such as plummeting property values, zero down payments, and significant payment increases that they can not satisfy, homeowners find themselves with a mortgage debt exceeding the value of their home.
The head of that committee, Sen. Charles Schumer, D - N.Y., has been a vocal proponent of a bailout of subprime borrowers.
For example, Experian considers a score of 580 - 669 to be fair, which lands you in the realm of subprime borrowers.
A voluntary mortgage aid plan announced by President George W. Bush last December called upon lenders to freeze the mortgage rates of some subprime borrowers for five years.
Yun: We certainly won't see the number of subprime borrowers that we saw during the boom.