Sentences with phrase «subprime lending business»

«FHA requirements are down to a 520 FICO (credit score) and you only have to put 3.5 % down; that's subprime lending, and we're not in the subprime lending business,» CNBC quotes Watters saying.

In an interview with CNBC on Monday, Watters said, «FHA requirements are down to a 520 FICO (credit score) and you only have to put 3.5 % down; that's subprime lending, and we're not in the subprime lending business.»

The second are mortgage banks in the subprime lending business.

At the same time, Eisner's subprime lending business was expanding, according to a 1997 interview in the New York Times.

Not exact matches

In related news, Goldman Sachs» hot new business is lending to subprime consumers, and Wall Street's starting to ask questions.

Eisman, whose bet against the subprime lending market prior to the housing collapse was depicted in the 2015 movie, said the slowdown in lending to small businesses also is not related to Dodd - Frank.

According to the Times, subprime lending in 1997 represented about 25 percent of the company's business, while two years earlier, it was 10 percent.

By 2005, many lenders dropped the required FICO score to 620, making it much easier to qualify for prime loans and making subprime lending a riskier business.

Today, most lending companies refer to the subprime mortgage as the, «Non-Qualified mortgage» in an effort to separate their loan products from the bad - label of «subprime» after so many sub-prime mortgage companies went out of business between 2006 and 2009