Sentences with phrase «on subprime lending»

But be careful before you put all the blame on subprime lending, says James J. Saccacio, chief executive officer of RealtyTrac.

While many lenders are nervous when it comes to making out a new mortgage for those with bad credit, there are many out there who understand that the average person who has found themselves with a mortgage payment that they can not pay is simply a victim of a risqué lending practice that has fortunately come to an end with stricter legislation on subprime lending being passed.

Perhaps we should look at a bull on subprime lending?

«Laura Hemphill deftly pulls off a hat trick, offering readers an insider's clear - eyed take on the subprime lending crisis, a chilling look at the lives of women in banking, and a briskly entertaining coming of age story.

- Teddy Wayne, author of The Love Song of Jonny Valentine and Kapitoil «Laura Hemphill deftly pulls off a hat trick, offering readers an insider's clear - eyed take on the subprime lending crisis, a chilling look at the lives of women in banking, and a briskly entertaining coming of age story.»

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.

Not exact matches

Bank of America bought Countrywide in 2008 as it verged on bankruptcy amid the subprime lending collapse.

In a blog post accompanying the report, New York Fed economists including Lee said subprime auto lending is «definitely on the rise,» a change in the consumer lending market that they will keep monitoring.

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.

Declines in homeownership among lower - income, nonwhite and young adults were especially dramatic following the housing crisis, as subprime lending, which many homeowners had previously relied on, all but dried up.

Get back on the road today in a car from one of our national car dealerships that accept bankruptcy clients and specialize in subprime lending.

Banks and lenders can assume some of the blame due to relaxed lending standards in the subprime mortgage market, but critics also lay blame on the government.

We must take action now to avoid a future crisis in the subprime auto lending industry that preys on those who could least afford it,» said Senator Hamilton, Chair, Senate Committee on Banks.

On Thursday morning, State Senator Jeff Klein and State Senator Diane Savino will release, «Road to Credit Danger: Predatory Subprime Auto Lending in New York,» an investigative report exposing the top deceptive subprime auto lending and advertising practices presently occurring in New YoSubprime Auto Lending in New York,» an investigative report exposing the top deceptive subprime auto lending and advertising practices presently occurring in New Yosubprime auto lending and advertising practices presently occurring in New York City.

Albany, NY — Independent Democratic Conference Leader Senator Jeff Klein (D - Bronx / Westchester), Senator Diane Savino (D - Staten Island / Brooklyn), Committee on Consumer Protection Chair Senator David Carlucci (D - Rockland / Westchester) and Senator Jesse Hamilton (D - Brooklyn) introduced a legislative package on Monday to protect consumers from predatory and subprime auto lending.

On the other hand, if the availability and attractiveness of mortgages declines, as did during the fallout from the subprime lending crisis, renting an apartment becomes more appealing, so occupancy rates and rental revenue per apartment increase.

Subprime lending is grabbing a lot of attention, but it is only a tiny portion of what goes on in our capital markets.

Because the risk is higher for lending companies to take a chance on subprime borrowers, they are charged higher interest rates for the privilege of getting a loan.

Proponents of subprime lending realized the demand for homeownership and refinancing despite imperfect credit and jumped on this untapped customer base, offering similar, if not more aggressive mortgage loan programs at a premium.

Take on additional credit risk, like subprime lending inside the life companies through securities lending.

According to the Fed's October 2007 Senior Loan Officer Opinion Survey on Bank Lending Practices, the study found that «significant numbers of domestic respondents reported that they had tightened their lending standards on prime, nontraditional, and subprime residential mortgages over the past three months; the remaining respondents indicated that their lending standards had remained basically unchanged.

According to the latest Senior Loan Officer Opinion Survey on Bank Lending Practices, «significant numbers of domestic respondents reported that they had tightened their lending standards on prime, nontraditional, and subprime residential mortgages over the past three months; the remaining respondents noted that their lending standards had remained basically unchanged.

As one of Ontario's largest personal insolvency firms, we see first - hand the devastating financial impact the excessive use of high - cost, subprime lending products has on every day Canadians.

Whether it is Moody's on subprime, or S&P on Alt - A lending, the downgrades are coming in packs.

It is a similar story in credit card lending, with lenders providing less credit to subprime borrowers and focusing more heavily on better qualified applicants.

Many of these lenders began to focus almost exclusively on this type of lending practice, thus they became known as subprime lenders.

Randall Kroszner, the current Federal Reserve Board Governor, had this to say on the connection between subprime lending, foreclosures, and ARM loans:

Using an example from the recent financial crisis, you might recall how many economists, Fed governors, etc. commented on how subprime lending was a trivial part of the market, was well - contained, and did not need to be worried about.

Such a turn in lending practices is largely being blamed on the ongoing subprime - market meltdown, Monaghan commented.

In essence, the Miami suits are follow - ons to the subprime mortgage crisis: creative legal attempts to hold banks accountable for predatory lending.

Mortgage defaults are on the rise, but risky subprime lending isn't entirely to blame.

In an interview with CNBC on Monday, Watters said, «FHA requirements are down to a 520 FICO (credit score) and you only have to put 3.5 % down; that's subprime lending, and we're not in the subprime lending business.»

Comments from Kevin Watters, CEO of Chase Mortgage Banking, earlier this week that the Federal Housing Administration's loan requirements look an awful lot like subprime lending incited quite the debate on social media over what exactly is subprime lending.