Sentences with phrase «subprime lenders during»

With our historically low interest rates and the FHA poised to regain some of the market share it lost to aggressive subprime lenders during the boom, a pick - up of demand is waiting in the wings.

But with our historically low interest rates and the FHA poised to regain some of the market share it lost to aggressive subprime lenders during the boom, a pick - up of demand is waiting in the wings.

Countrywide was one of the biggest subprime lenders during the housing boom.

Not exact matches

Just like subprime mortgage lending dragged so many American homeowners underwater during the housing crisis, some private lenders aggressively marketed their loans to students who weren't financially fit to support them.

He was also forced to clean up other messes, including bad bets on U.S. subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.

During the boom in subprime mortgages, US lenders thought they could manage their exposure to these risky borrowers by ensuring they would not remain customers for long.

Although FHA is reining in «rogue» lenders who increased the agency's risk during the subprime debacle, things could go the opposite way when lenders» overlay» stricter underwriting criteria over FHA requirements.

Most lenders stopped offering discounts during the subprime mortgage credit crisis.

During 2006, lenders became increasingly comfortable with offering higher - risk loans in substantially greater numbers not only to subprime homeowners, but also to Alt - A homeowners.

It's an even riskier time now for lenders to take chances on subprime loans than it was during the Great Recession from 2007 to 2009.

But much like the country's private lenders during the first several years of the present century, Fannie Mae and Freddie Mac's drive to increase profits helped create the housing bubble (thanks to lowered underwriting standards, approvals for subprime borrowers and the bundling of loans into mortgage - backed securities).

During a housing policy meeting in 2004, Edward Gramlich (who was on the Board of Governors at the Federal Reserve at the time) explained how subprime mortgage lenders were helping the country:

Unfortunately, during the same time that subprime borrowers became more involved in the American housing market, more variable - rate mortgages were issued by lenders.

Meanwhile, to attract business during difficult times, lenders have been increasingly approving subprime loans and stretching credit limits.

But during the early and mid-2000s, high - risk, or «subprime,» mortgages were offered by lenders who repackaged these loans into securities.

Each of the top 10 subprime mortgage lenders for 2006 were named in at least one borrower class action during 2007, the report says.

More than 2 million subprime mortgage loans that lenders made during the boom years are in foreclosure, putting at risk $ 164 billion in wealth accumulation, the Center for Responsible Lending says in a study.

And looking at what they said during the boom, lenders will always justify their affordable / subprime mortgages by saying they're just trying to help;

NAR analysts think that's a reasonable assumption given the 56 percent rise the federal mortgage insurance agency has seen since private lenders pulled back on their subprime offerings, which had cut into the FHA's market share during the housing boom.