Sentences with phrase «reckless lending»

These rules require stricter income verification and are designed to prevent the kinds of reckless lending practices that led to the housing crisis.

These rules require stricter income verification and are designed to prevent the kinds of reckless lending practices that led to the housing crisis.

After all, it was too much reckless lending that got us into this mess in the first place.

The elevated values of home prices in recent years resulted from a combination of speculation on perpetually rising real estate values, coupled with reckless lending.

The bank paid out nearly $ 28 billion in total settlements as a result of reckless lending practices that led to mass foreclosures among its borrowers.

Overnight the phrase became the watchword for reckless lending as the US housing market began to be hit by a huge series of repossessions.

What made reckless lending in the sub-prime market worse was that Lehman was providing finance for that market — not by using money banked by its depositors — but by borrowing in the money market.

If this bill becomes law, we can finally say good riddance to such reckless lending practices.

Obama: We're committed to the goals of Wall Street reform, which includes ending an era of reckless lending by banks without adequate skin in the game.

States and the federal government sued big banks for reckless lending.

And then there was the 2008 housing crash, which came after a pattern of reckless lending and inflated housing prices.

In many cases we can argue that the breach was a technical one which would have had no bearing on the lending decision, as perhaps evidenced by the claimant's reckless lending practices in that case.

Among others, there's the risk of reckless lending, or too much spending.

These unregulated CDSs underpinned the reckless lending that eventually burst in the Great Crash of 2008.

That's probably because lenders are easing up on the ridiculously strict underwriting requirements they slapped on home loans after their reckless lending of the early 2000s led to the mortgage crisis of 2008.

What may have caused an unbalance in the economy by quick and reckless lending may end up stabbing consumers in the back.

Of course, this can lead to reckless lending and moral hazards when borrowers assume the government will bail them out when a loan goes bad.

Reckless lending and rampant speculation eventually drove the economy into the ground.

Reckless lending

«There is no doubt that if passed into law, this bill would encourage the finance industry to engage in the types of reckless lending that pulled Americans into a Great Recession,» said Yana Miles, the senior legislative counsel for the Center for Responsible Lending, a nonprofit based in Durham, N.C.

The Federal Reserve, said the commission, was the only organization with the power to prevent this kind of reckless lending.