Sentences with phrase «subprime borrowers»

Mortgage lenders charged higher interest rates for subprime borrowers.

Lenders may cut standards more to grab market share as the pace of auto sales slow and the number of subprime borrowers stops expanding, the rating firm said.

These loans generally have higher interest rates than conventional loans due to the heightened risk associated with subprime borrowers.

To make up for their poor credit standing, subprime borrowers pay higher interest rates.

At the same time, loans were made to subprime borrowers who could only afford the «teaser rate,» and not the ultimate rate they would pay.

Many subprime borrowers are in the subprime category because they are already struggling with debt.

Most consumers with problem credit scores are considered subprime borrowers.

Borrowers, even subprime borrowers, can get smaller loans, although the interest rate may be high.

Because the risk is higher for lending companies to take a chance on subprime borrowers, they are charged higher interest rates for the privilege of getting a loan.

Because subprime borrowers present a higher risk for lenders, subprime lenders charge interest rates above the prime lending rate.

This has led to fewer subprime borrowers buying new cars this year.

I read a story recently that auto loans have hit a new high, especially among subprime borrowers.

Because subprime borrowers present a higher risk for lenders, subprime lenders charge interest rates above the prime lending rate.

The banks have increased their credit card products to include plenty of products that are aimed at subprime borrowers.

As a result, there are fewer subprime borrowers getting loans for new cars.

The new score will also do a better job in helping lenders identify subprime borrowers and borrowers with less sound credit history.

At their height, loans to subprime borrowers accounted for nearly 25 percent of outstanding auto loans, or roughly $ 275 billion.

Since installment loan borrowers are almost exclusively subprime borrowers with poor credit histories, the loans are typically secured by personal property like cars, electronics, tools, guns, jewelry, etc..

Due to the inherently riskier nature of these loans, lenders usually charge subprime borrowers considerably higher interest rates as a way to compensate for the added risk.

Although it can vary a bit, subprime borrowers generally have a credit score that is under 600 to 640.

Unfortunately, during the same time that subprime borrowers became more involved in the American housing market, more variable - rate mortgages were issued by lenders.

Since subprime borrowers can not afford higher rates, they would need to refinance soon.

Also, many more mortgages were issued to risky subprime borrowers.

Millions of subprime borrowers ended up with loans they couldn't afford on houses they couldn't afford to sell.

Some lenders will refuse to work with you at all, but there are companies that offer loans specifically for subprime borrowers.

The 2000s were the decade of subprime borrowers; no longer was this a segment left to fringe lenders.

When these loans began charging higher rates, many subprime borrowers were forced into foreclosure.

Consumers are considered subprime borrowers; interest rates might be higher for these consumers.

With a little research, even subprime borrowers can often find a small loan to help them through a tough financial spot.

However, fewer subprime borrowers have cards following the recession, which may reduce the incidence of late fees.

Many lenders will also have a minimum credit score, though those specializing in subprime borrowers will be more lenient.

Worse, 11.0 percent of the total owed on plastic was on accounts run by subprime borrowers, who on average owed $ 5,063 each.

We've also had misgivings over the stratospheric rates that subprime borrowers face in order to access credit.

Bank risk professionals now believe that lenders will keep allowing subprime borrowers to take on credit card debt and have more access to auto loans over the next six months, -LSB-...]

According to the Experian study, the average loan term for deep subprime borrowers buying new cars was 72 months long — or six full years.

According to Experian, one of the three main credit bureaus, subprime borrowers make up nearly 25 percent of the car loan market.

Canadians are not subprime borrowers and household balance sheets for the majority of homeowners are rock solid.

Paul Siegfired, senior vice president for TransUnion, commented that this uptick can also be explained by more subprime borrowers entering the card market — an event that occurs as banks relax their lending standards.

While some of that may be true, what is often overlooked is that a large number of current foreclosures aren't even from subprime borrowers or even those in ARMs.

Subprime borrowers saw the smallest increases.

Many subprime borrowers often feel so relieved to qualify for a loan — any loan — that they fail to compare companies or accept the first offer they get.

The legislation also expands the state's loan modification program, which previously included only subprime borrowers, and prevents «distressed property consultants» from accepting the upfront fees that have contributed to scams in the past.

A 1999 Office of the Comptroller of the Current press release reads: «Some lenders appear to have stopped reporting information about subprime borrowers to protect against their best customers being picked off by competitors.»

To fill the pipeline, lenders started letting subprime borrowers buy or refinance with little or nothing down.