Sentences with phrase «subprime loans given»

9.7 percent of subprime loans given through auto finance lenders were at least 90 days delinquent last quarter.

Not exact matches

The 2008 financial crisis, on the other hand, was triggered in part by subprime mortgages — essentially, loans given to homeowners unlikely to be able to pay them back — and investment vehicles based on them in which these toxic assets were bundled and often hidden.

We're thinking about the time Wall Street banks colluded on rigging prices on the Nasdaq market; or the time they rigged their research departments and told us to buy stocks that they were secretly callings dogs and crap; or the time they got S&P and Moody's to give them triple - A ratings on subprime pools of debt while keeping it a secret that they had internal reports showing the loans didn't meet their origination standards — and then they went out and secretly shorted that debt while continuing to sell it to their customers as a good investment.

It's a darker album than Fear Fun, taking aim at the American Dream with lines like, Oh, they gave me a useless education / And a subprime loan / On a craftsman home / Keep my prescriptions filled... Save me, President Jesus.

The credit rating agency then proceeded to give these bonds AAA Ratings (The highest) even know they included subprime loans (they have recently had to downgrade, which causes even more problems).

If voters hadn't pressured government to give them such easy access to homes in the form of lower interest rates, subprime loans, etc... perhaps less resources would have been wasted!

According to this data, the subprime loans are actually a smaller percentage of the whole industry than in the past, giving an indication that the health of the industry is better than previously thought.

Given the bad rap that credit cards have had, particularly in recent years, no thanks to consumer credit card debt piling up and contributing to the credit and subprime loan crisis, it's refreshing to see that a good number of people still love their credit cards.

The ability of subprime lenders to remain solvent in the near future will be an ever challenging endeavor, given that a hefty number of loans have been recently returned to them due to high default rates.

By the way, these were the high - risk loans given to «subprime» borrowers who did not qualify for the best interest rates (because of bad credit, no down payment, etc.).

In the 1990s and early 2000s, subprime loans were given out like candy.

And loan servicers, which collect and distribute payments to investors, are being asked to give extensions, which could range from two to seven years, for subprime mortgages due to reset at higher rates in the coming years.

According to Experian, the percentage of auto loans given to borrowers with subprime credit ratings has fallen to its lowest point since 2012.

To state it differently, subprime mortgage lenders are willing to give loans to people who would not normally qualify for a loan.

Beyond that, the mere existence of «subprime» loans — i.e., mortgages given to less - creditworthy individuals at higher interest rates — isn't the problem here.

Given those stipulations, «You would not consider that a subprime loan,» Banfield said, when asked about the potential negative feedback to this program.