Sentences with phrase «subprime lenders do»

Although it can be much more challenging to get the credit you need, subprime lenders do offer loans for people with bad credit.

Not exact matches

Even VA lenders that allow lower credit scores don't accept subprime credit.

Despite all of this, subprime customers don't have to settle for the first lender that will provide credit.

I certainly agree that some borrowers lied, but it is equally true that some lenders placed FHA - qualified borrowers into high - cost subprime loans, did not explain all loan factors, etc..

Marketplace lenders do not focus on the subprime market, however.

The new score will also do a better job in helping lenders identify subprime borrowers and borrowers with less sound credit history.

And where do the leaders stand on the mounting danger from shadow lenders, the non-bank lenders tapping ultra-low interest rates to extend mortgages to subprime borrowers even the banks won't touch?

Instead, you'll have to look for a «B lender» or «subprime lender»; these financial institutions, including trust companies, work almost exclusively with people that do not have ideal credit scores.

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.

The investment banks don't, nor did the now - bankrupt non-bank lenders such as New Century Financial Corp. and Ameriquest that underwrote most of the subprime loans.

What's important to realize is this: Just because a lender offers you a mortgage with an Alt - A or subprime rate doesn't mean you wouldn't qualify for a prime - rate mortgage with a different lender.

Subprime mortgage lenders had a lot to do with this housing collapse of 2008.

That's the reason you don't hold Canadian bank shares unless it's with subprime lenders.

The FHA didn't jump to preserve market share when subprime lenders «went off the deep end» in relaxing credit standards, Olson noted in an interview.

Nick Clements, co-founder of the comparison - shopping site MagnifyMoney, said that while credit card companies ventured back into subprime lending following the crisis, they did so less aggressively than auto lenders.

No, subprime lenders who have such high risk tolerance do it because they can charge desperate borrowers just about any amount of fees they like in exchange for those two little words, «You're approved.»

Insurance of the loan by the FHA reduces the risk faced by the lender when making a loan to a subprime borrower, thus making them more likely to do so.

A delinquency in a state that's underperforming economically nearly assures foreclosure on a subprime loan if the lender doesn't try to salvage the loan.

Did you see this article about the subprime portfolio lender Berkshire Hathaway owns?