Sentences with phrase «subprime borrowers buy»

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

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

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

Not exact matches

This Week in Car Buying: Inventories rise; Subaru Crosstrek to go plug - in; Ford car owners to look elsewhere; Borrowers default on subprime loans

With both rising interest rates and the rising cost of a new car, subprime borrowers are avoiding buying new cars.

U.S. subprime borrowers are staying away in larger numbers from buying new cars, according to research company J.D. Power, via Bloomberg.

subprime borrowers are staying away in larger numbers from buying new cars, according to research company J.D. Power, via Bloomberg.

With both rising interest rates and the rising cost of a new car, subprime borrowers are avoiding buying new cars.U.S.

Those left out in the cold: Borrowers who can afford a rate adjustment; those who are already behind on their payments; borrowers who hold option - ARMs that aren't subprime; those who can refinance into a fixed - rate loan; and those who bought homes as invBorrowers who can afford a rate adjustment; those who are already behind on their payments; borrowers who hold option - ARMs that aren't subprime; those who can refinance into a fixed - rate loan; and those who bought homes as invborrowers who hold option - ARMs that aren't subprime; those who can refinance into a fixed - rate loan; and those who bought homes as investments.

FHA currently offers the only alternative to high cost subprime lending to borrowers wishing to buy or refinance homes with a low downpayment and compromised credit.

Also, they didn't do any subprime lending, because they can't: the definition of a subprime loan is precisely a loan that doesn't meet the requirement, imposed by law, that Fannie and Freddie buy only mortgages issued to borrowers who made substantial down payments and carefully documented their income.

While many subprime borrowers think they can't buy a house while toting around their bad credit, that's not actually the case.

This is eerily reminiscent of the housing crash of 2008 when subprime borrowers were buying homes that they couldn't afford.