Sentences with phrase «subprime lending boom»

The private subprime lending boom of the 2000s was a brief and disastrous exception.

In Lesson 3: «The Credit Crunch Unfolds», we see how the devastating combination of the subprime lending boom and securitization ultimately affected economic activity throughout the U.S. and the rest of the world, leading to the greatest economic downturn since the Great Depression — Go to Lesson 3 now»

Not exact matches

Speculative lending practices fueled a massive housing boom in the U.S. that inevitably led to the subprime mortgage crisis.

When enough people do it, and you've got a bit of momentum from this massive credit echo boom, part of this whole boom in subprime and non-subprime lending has been underwritten by historically safe money.

The Hour Between Dog and Wolf: Risk Taking, Gut Feelings, and the Biology of Boom and Bust By John Coates Most of us would blame the 2008 financial collapse on the subprime lending meltdown.

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.

The concept of subprime mortgage lending was born during the housing boom that started toward the end of the 1990s.

Subprime auto lending boomed in the aftermath of the Great Recession, since car owners proved more resilient than many lenders had anticipated.

Although the justification for the lower and lower lending standards was to make housing affordable for low and moderate income people, the boom really took off when middle class Americans started using subprime loans.

The reason the number of affordable / subprime mortgages skyrocketed during the boom was because lower lending standards mean more people can get mortgages and that means mortgage companies can sell more mortgages.

The mortgage lending giant faces the largest fine ever imposed by the Federal Reserve over charges that it steered borrowers toward subprime mortgages with higher interest rates during the housing boom.