Sentences with phrase «purchase subprime mortgages»
Not exact matches
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.
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These were the infamous «subprime» mortgages, in which people with low credit were allowed to purchase homes.
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Private and subprime mortgage lenders mostly use collateral like equity earned when considering a «refinance» or a more significant down - payment when talking about a «purchase money» transaction.
Earlier, in order to meet federally mandated goals to increase homeownership, Fannie Mae and Freddie Mac had issued debt to fund purchases of subprime mortgage - backed securities, which later fell in value.
Through the second quarter of 2017, a tiny fraction (0.7 %) of all loans were purchased by private securitization companies.8 Prior to 2007, private securitization companies held $ 1.6 trillion in subprime and Alt - A (near prime) mortgages.
Coming out of the subprime mortgage crisis that began in 2007, borrowers have been hesitant to purchase some mortgages, choosing to go with 30 - year, fixed - rate mortgages over adjustable rate loans.