Sentences with phrase «subprime loan demand»

That trend could be partially attributable to slowing subprime loan demand, since consumer with marred credit histories often have to apply for multiple loans before getting approved.

Not exact matches

Proponents of subprime lending realized the demand for homeownership and refinancing despite imperfect credit and jumped on this untapped customer base, offering similar, if not more aggressive mortgage loan programs at a premium.

Demand for private student loan asset - backed securities increased not only co-signed, school - certified loans, but also subprime - style lending, where loans were often originated in excess of tuition and fees.

And, like subprime mortgages before the financial crisis, many subprime auto loans are bundled into complex bonds and sold as securities by banks to insurance companies, mutual funds and public pension funds — a process that creates ever - greater demand for loans.

Driven by Wall Street's demand for subprime loans to securitize and sell to investors, lenders sold high - risk products such as exploding adjustable - rate mortgages — loans with interest rates that could triple after two years — and liar loans, also known as stated income loans, which required little or no documentation about income, assets, or credit history.