Sentences with phrase «subprime financing company»

Not exact matches

A score of 649 or below («bad») is likely to limit your options to subprime auto finance companies, which are likely to charge a less - than - competitive interest rate.

The commercial paper market, a vital conduit of financing for U.S. companies, has shrunk dramatically in the past two weeks because of worries that assets in the ABCP collateral pool included tainted subprime mortgages.

Although the company capped the subprime loans it would finance in 2015, a Wells Fargo spokesman stated, «We are firmly committed to responsibly offering access to credit to a wide spectrum of customers during all economic cycles.»

The closing of subprime mortgage finance companies signaled larger losses to come.

Jeff Ball, the CEO of Econohomes, sees his company filling a void: providing homes and financing for «deep subprime» borrowers.

While many people who finance cars for long period do not fall into the subprime category, enough do to make these loans dangerous for the companies that fund them.

The Consumer Finance Protection Board (CFPB) maintains a list of consumer reporting companies that includes a section listing low income and subprime reports.

As a result, investors in sound foreign banks and finance companies should feel confident in using any subprime - related market declines as opportunities to add more shares.

Most subprime mortgage lenders have access to Freddie Mac's higher risk credit products, but not all companies choose to offer the non-prime financing.

Outstanding subprime auto debt (classified in the chart below as debt held by borrowers with origination credit scores under 620) now stands at about $ 300 billion... Since 2011, the overall delinquency rate of loans originated by auto finance companies has significantly deteriorated.