Sentences with phrase «subprime borrowers getting»

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

Nonprime borrowers qualified for 6.34 percent on average, and subprime borrowers got 9.55 percent on average.

Not exact matches

Borrowers can get a loan, use it to pay off their debt, then make payments on the subprime loan on time.

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

Subprime borrowers can get personal loans without a cosigner if they have a good job, a high income, or use collateral to secure the contract.

Many consumers are good borrowers that do not fit into a perfect box so non-prime mortgage loans become very appealing when subprime mortgage lenders get the flexibility they need from the banks to loosen lending standards.

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.

Over the last few years, subprime borrowers would've had a hard time getting an auto loan with bad credit.

However, lenders make bigger profits on subprime loans, interest rates are higher on subprime loans, subprime loans with high rates have been commanding higher prices in the secondary market and borrowers are dependent on loan officers to help them make financing choices — loan officers who get bigger commissions by marketing subprime loans.

Some loan officers may push borrowers into a subprime loan simply because they're easier to get approved and there is often more profit for the loan officer.

Some subprime mortgage borrowers will get a private lender loan, clean up their credit and then refinance later.

As a result of this subprime mess, it's now a lot harder for borrowers to get loans.

Fratantoni adds that there has been a more growth in the subprime market than in the prime market simply because prime borrowers always have been able to get loans.

Subprime borrowers have easier time getting car loans — Unlike with credit cards, auto loans are becoming more available for borrowers with blemished credit... (See Auto loans)

The subprime mortgage crisis of 2007 — 10 stemmed from an earlier expansion of mortgage credit, including to borrowers who previously would have had difficulty getting mortgages, which both contributed to and was facilitated by rapidly rising home prices.

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.

Capital has backed away from lending to subprime borrowers, and the concern is that Congress will make it even harder for capital to get to borrowers who'll need it to refinance over the next couple of years,» says George.