«While loose lending standards in the mid-2000's led to the rise in
subprime buyers who ultimately became distressed owners, falling home prices and rising unemployment resulted in a large share of prime borrowers also defaulting or going through a short sale,» he said.
The Charger is a darling of
subprime buyers who don't want to be seen in a Mitsubishi.
The Journey is the darling of rental fleets and
subprime buyers who need 7 passenger seating.
Not exact matches
However she dismisses the comparison with the U.S.
subprime crisis, in which people
who could not really afford one home ended up buying two or three; the HOME program will be limited to principal residences for first - time
buyers only — and ones
who have already met mortgage requirements.
Many home
buyers who would otherwise have to settle for commercial home loans with
subprime lending terms qualify for FHA (Federal Home Administration) or VA (Veterans Administration) loans.
Auto Credit Express offers special financing through
subprime dealerships that are accustomed to working with
buyers who have the lowest credit scores.
Simply put,
subprime house loans are readily available for first time home
buyers who need them.