Sentences with phrase «prime quality mortgage»
Traditional lenders will look for the following in order to be approved for a prime quality mortgage after filing a consumer proposal:
https://www.hoyes.com/ Not exact matches
The toxic securitized mortgage assets were not in the Main Street banks and savings and loans; these institutions owned mostly prime quality whole loans and could have bled down the modest bad debt they did have over time from enhanced loan loss reserves.
«Concerning residential real estate loans, between about 70 percent and 80 percent of domestic respondents expect the quality of their prime, nontraditional, and subprime residential mortgage loans, as well as of their revolving home equity loans, to deteriorate in 2008.
Prime mortgages meet the quality standards set forth by Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation), the two government - sponsored enterprises that provide a secondary market in home mortgages by purchasing loans from originating lenders.
Fannie Mae lobbies for lower mortgage standards so they can earn more income which primes the market for lower quality mortgages.