Sentences with phrase «subprime home»

The New York - based firm's credit funds rose as much as sixfold last year, helped by bets that rising defaults on subprime home loans would pummel the value of mortgage - backed securities.

With a surge in defaults on subprime home loans jolting credit rating agencies and two Bear Stearns hedge funds in recent weeks, some fear that these models may overlook swift market downturns or corrupt loan data.

Recent increases in subprime home foreclosures have seen many turning to FHA home loans.

First Time Home Financing.com does not offer subprime home loans.

Subprime home equity lenders offer bad credit lines to homeowners who are late on the bills, but have equity available with their home appreciation.

Problems for borrowers with subprime home loans are now spreading into more conventional home mortgages.

Studies have shown that women are more likely than men to have subprime mortgages, and Black and Latina women have more subprime home loans than white women.

In August, when rising defaults on subprime home loans, made to borrowers with poor credit, began causing market turmoil, the dollar initially benefited from safe - haven flows as investors fled risk for U.S. Treasuries and Americans repatriated funds.

Oblivious to the recent debacle in subprime home lending, auto lenders have worked hard to develop the subprime (borrowers with credit scores below 640) auto loan market, offering seven and eight year loans and other strategies designed to make monthly payments low.

The precipitating factor for the Financial Crisis of 2007 — 2008 was a high default rate in the United States subprime home mortgage sector — the bursting of the «subprime bubble».

It plainly says that «more than 33,000 borrowers have already refinanced their subprime home loans with FHASecure, a government - insured foreclosure avoidance initiative.»

Remember HUD said in early December that «more than 33,000 borrowers have already refinanced their subprime home loans with FHASecure, a government - insured foreclosure avoidance initiative.»

«The Big Short,» a comedy / drama about a Wall Street wild man who cashed in on the housing market and defaulting subprime home loans.

The biggest chunk, $ 118.35 billion, was a result of the subprime home lending meltdown.

Not exact matches

Subprime mortgages were home loans made to borrowers with weak credit and high debt.

Home Capital, a subprime lender, is too small to cause much trouble on its own.

It followed a report last month by the Seattle Times newspaper and online BuzzFeed News accusing the largest U.S. mobile home builder of exploiting black, Latino and Native American borrowers by driving them into subprime loans they can not afford, and harming communities by repossessing homes after borrowers default.

An alternative (read subprime) mortgage lender based in Toronto, Home Capital targets the self - employed, new immigrants and borrowers with minor blemishes on their credit histories who find themselves unwelcome at most banks.

From the low - level shysters who peddled dodgy mortgages to the Wall Street investors who packaged them into securities and the investors who bought them, everyone involved in the subprime debacle always seems somewhat put - off when reminded that at root this was a crisis about actual people and their actual homes.

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 requiremehome 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 requiremeHOME program will be limited to principal residences for first - time buyers only — and ones who have already met mortgage requirements.

No, it has nothing to do with subprime mortgages or bloated home equity balances.

You can still buy a home with bad credit, thanks to FHA loans and subprime mortgage loan lenders.

Of course much of the global economic crisis a decade ago was due to the American government handing out subprime mortgages to consumers who couldn't afford to pay for the homes they were living in.

According to the Federal Reserve's report, most banks said they «do not extend home - purchase loans to subprime borrowers.»

By choosing to only buy homes from Fannie Mae, the lawsuit says, Harbour ended up with homes in areas that experienced the largest amount of foreclosures, which are the same communities targeted by subprime - mortgage lenders — communities of color.

Now that many African Americans in cities like Atlanta were foreclosed on during the subprime crisis, many of them have bad credit as a result — which means they can't buy homes the traditional way, and so are being offered contract - for - deed payments once again.

Thirdly, even without the home - made problems it is not clear how good subprime business will be in the UK going forward.

It's a darker album than Fear Fun, taking aim at the American Dream with lines like, Oh, they gave me a useless education / And a subprime loan / On a craftsman home / Keep my prescriptions filled... Save me, President Jesus.

«I admit up front that Congressman Towns and the press will find that I have been struggling to maintain my own home due to the subprime mortgage crisis and the resulting recession,» Powell said in a statement.

AG Andrew Cuomo this morning rejected his rivals» suggestion that he is in part responsible for the subprime mortgage crisis because he pushed home ownership for low - income residents while serving as HUD secretary for the Clinton administration.

The bill will expand the mandatory 90 - day grace period to holders of all types of home loans, not just subprime mortgages, so more homeowners will have a grace period to address their situation before facing foreclosure.

As framing home ownership as the embodiment of the «American Dream» stoked the zeal behind subprime loans, a buzzword like «school choice» fuels charter expansion, making it difficult to create space for a reasonable national discussion about accountability.

The corporate empire has foreclosed on millions of homes, forcing the 99 - percent, now called «subprimes» to roam the broiling hot, heavily polluted countryside, squatting in abandoned housing developments until the authorities force them out.

According to the Federal Reserve's report, most banks said they «do not extend home - purchase loans to subprime borrowers.»

It is worth noting that FHA home loans are nowhere near as toxic as the popular subprime mortgages of recent years.

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) lohome 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) lohome loans with subprime lending terms qualify for FHA (Federal Home Administration) or VA (Veterans Administration) loHome Administration) or VA (Veterans Administration) loans.

The troubles in subprime, home equity, and residentia...

Advanced Reading: How did we get to this Subprime Mortgage mess: Download Subprime Files Understanding Securitization: Download Securitization Files Consumer Home Mortgage Information, provide by California Department of Real Estate

The US Subprime lending crisis led to a decline in home values which undermined Caterpillar's consumer facing equipment sales.

If voters hadn't pressured government to give them such easy access to homes in the form of lower interest rates, subprime loans, etc... perhaps less resources would have been wasted!

Even those who already have a home and a mortgage to repay can find it is a good idea to get a new mortgage loan from subprime lenders - essentially refinancing their existing mortgage.

Since other options such as subprime and ALT - A lending have since disappeared, many lenders have had no choice but to switch gears and offer FHA home loans.

I would have had a hard time passing up a subprime mortgage if I could have gotten one, as I can not see any other way I could ever own a home — and I am more financially literate than the average Amedrican.

In recent years, subprime lenders have come up with a number of new financing terms for home loans.

However, if we have no subprime borrowers we also have fewer home sales.

Adjustable rate mortgage payments combined with decreasing home equity and tighter mortgage lending guidelines has triggered a severe credit crunch and all but wiped out the subprime market nationwide.

Dornan continue, «Stated income loans are gone --- home equity programs have disappeared ---- and subprime loans are on trial waiting for the Obama administration to figure out how best to politicize the mortgage reform.»

But blaming low - income families and casting them as unfit to own a home ignores decades of successful mortgage lending before the subprime boom — before reckless underwriting and aggressive marketing of unsustainable loans became common financial industry practice.

There are subprime lenders who can offer you a loan worth 125 % of the home value.

This appreciation in value led large numbers of homeowners (subprime or not) to borrow against their homes as an apparent windfall.