Sentences with phrase «receive subprime»

One - third of women were more likely to receive a subprime loan as compared to only one - quarter of men.

For applicants that qualified for loans, black and Latino applicants were 2.2 times more likely to receive a subprime loan than white applicants.

A study out of New York University showed wealthier minorities are more likely to receive subprime loans.

Individuals with scores between 680 - 575 are likely to receive subprime loans, and individuals with scores below 540 will generally be denied credit altogether.

Purchaser must have a FICO credit score under 620 to receive Subprime bonus cash.

The 12 million people who received a subprime mortgage preceding the financial crisis probably disagree.

Not exact matches

Citigroup, however, the bank that spectacularly blew itself up with toxic derivatives and subprime debt in 2008, became a 99 - cent stock during the crisis, and received the largest taxpayer bailout in U.S. financial history despite being insolvent at the time, today holds more derivatives than 4,701 other banks combined which are backstopped by the taxpayer.

If they accept credit from deep subprime credit lenders, they are receiving a card that costs them hundreds of dollars in fees.

Interestingly, the group was actually tipped off about the subprime mortgage crisis by receiving a wrong - number phone call from Greg Lippmann's assistant.

Scores below 580 are indicative of a consumer's poor financial history, which can include late monthly payments, debt defaults, or bankruptcy; individuals in this «subprime» category can end up paying auto loan rates that are 5 or 10 times higher than what prime consumers receive, especially for used cars or longer term loans.

With a lower credit score, you may not receive the same perks, but there are still options and advantages for subprime applicants.

You may actually receive a host of credit card offerings from subprime lenders, who know you're restricted from discharging another bankruptcy any time soon.

FICO ® Scores (the credit - risk scoring system lenders use) of 620 or lower will usually place you in the «subprime» category where you may receive loans quoted with significantly higher interest rates and may be offered fewer varieties of loans.

In essence, you can get the same exact 30 - year fixed or 5/1 ARM with a subprime mortgage lender or a prime lender, but the distinguishing characteristic will be the interest rate you receive, or possibly the presence of a prepayment penalty.

A 2005 study by the Center for Responsible Lending concluded that borrowers with subprime loans and prepayment penalties do not receive lower interest rates, and may actually pay higher rates.»

There are still various requirements in order to receive them, but if you'll take some time you should be able to find the right subprime loan program for your first time home buyer needs.

With fair credit, you shouldn't need to rely on subprime issuers to obtain credit, but you'll still receive higher rates and lower credit limits than your good - credit friends.

Many subprime credit cards (those designed for cardholders with poor credit) will also be ineligible to receive balance transfers.

«While more subprime consumers are receiving loans and their balances are rising, we do not see alarming delinquency levels.»

A Consumer Federation of America study in 2006 found that women received an outsized share of subprime mortgages, says Barry Zigas, director of housing policy for the Washington, D.C. - based CFA.

100 % FALSE STATEMENT ABOUT SUBPRIME I received a copy of an internally circulated newsletter from a huge real estate firm with the following 100 % incorrect statement about subprime lending: «Subprime loans — the type that fueled the Financial Crisis — are making a comeback in a SUBPRIME I received a copy of an internally circulated newsletter from a huge real estate firm with the following 100 % incorrect statement about subprime lending: «Subprime loans — the type that fueled the Financial Crisis — are making a comeback in a SUBPRIME I received a copy of an internally circulated newsletter from a huge real estate firm with the following 100 % incorrect statement about subprime lending: «Subprime loans — the type that fueled the Financial Crisis — are making a comeback in a subprime lending: «Subprime loans — the type that fueled the Financial Crisis — are making a comeback in a subprime lending: «Subprime loans — the type that fueled the Financial Crisis — are making a comeback in a Subprime loans — the type that fueled the Financial Crisis — are making a comeback in a Subprime loans — the type that fueled the Financial Crisis — are making a comeback in a big way.