Sentences with phrase «subprime lenders closed»

Shortly thereafter, large numbers of PMBS and PMBS - backed securities were downgraded to high risk, and several subprime lenders closed.

In late 2006 and early 2007, many of the largest subprime lenders closed shop, including Fremont, New Century, Ameriquest, and many, many more.

Not exact matches

That lack of funding is causing those subprime vehicle lenders to close up shop, -LSB-...]

A contrarian view is that Fannie Mae and Freddie Mac led the way to relaxed underwriting standards, starting in 1995, by advocating the use of easy - to - qualify automated underwriting and appraisal systems, by designing the no - down - payment products issued by lenders, by the promotion of thousands of small mortgage brokers, and by their close relationship to subprime loan aggregators such as Countrywide.

That lack of funding is causing those subprime vehicle lenders to close up shop, according to Bloomberg.

Before long, most of the investors backed out, leaving subprime lenders with no capital and a lot of closed doors.

I'd add a list of subprime lenders, but there aren't any left... here is a general list of closed lenders, many of them subprime.

From the NAR President: Subprime mortgages have driven many families into foreclosure and led to lender closings.

Subprime mortgages have driven many families into foreclosure and led to lender closings.