Sentences with phrase «risky lending practices»

Everyone expected the federal government would tighten mortgage rules to halt risky lending practices and curb unsustainable growth in the housing market.

This information provides lenders with a more in - depth look into the customers activity in order to help them avoid risky lending practices.

These rules, and more help to provide strong protections for homeowners and are designed to help prevent risky lending practices which were common before the financial crash of 07/08.

And it was because Fannie and Freddie were dipping into risky lending practices that they found themselves in trouble in the first place.

We've seen the result of unrestrained risky lending practices.

With the start of 2014 well underway, new mortgage regulations designed to protect borrowers from risky lending practices went into effect, but it may make the first time home buyer experience a little more difficult for some borrowers.

New mortgage rules take effect Friday that set out to protect borrowers against risky lending practices.

He has already clamped down on some risky lending practices.

On Monday, the New York Times published a blistering report about the lending practices of some of the leading alternative finance companies, including Inc. 5000 companies Lending Club and OnDeck, and cited a Moody's report that compared the industry to the mortgage industry and its risky lending practices in the lead up to the 2008 financial crisis.

«Our Ability - to - Repay rule protects borrowers from the kinds of risky lending practices that resulted in so many families losing their homes.

Many smaller banks were not caught up in the riskier lending practices of the larger institutions and are still active lenders in your individual markets.

The QM rule for conventional mortgages, which was promulgated by the Consumer Financial Protection Bureau (CFPB), went into effect in January 2014 to protect borrowers, lenders, and the U.S. financial system, from risky lending practices that contributed to the housing crisis and its ripple effects throughout the economy.

The government also stepped in, creating a set of new mortgage rules designed to limit those risky lending practices.

«Realtors ® support responsible lending to qualified borrowers and the move to lower premiums will enable more buyers to enter the market while continuing to protect taxpayers from the risky lending practices that led to the housing crash.»

«Realtors ® support strong underwriting standards to protect consumers from the risky lending practices of the past, but we are concerned that the pendulum has swung too far.

I joined in with their excitement because I know that the policy will help normalize the national housing market and make it easier for first - time and underserved borrowers to buy homes while protecting taxpayers from the risky lending practices that led to the crash.

The Consumer Financial Protection Bureau's rules, which take effect on Jan. 10, establish a national standard for issuing mortgages and are meant to prevent the risky lending practices that led to the housing crash.