Sentences with phrase «subprime market»

That litigation involves allegations that the bank failed to disclose more than $ 10 billion in exposure to the U.S. subprime market in 2007, so it is a higher stakes case than most.

The FHA subprime market results in higher losses to FHA, and allows the most vulnerable borrowers to be overcharged.

The private subprime market depended on the substantial liberalization of underwriting requirements that arose out of the housing bubble during 2000 - 2007.

In view of the heavy losses of German banks in Saxony and Düsseldorf in the U.S. subprime market last summer, and the heavy losses by Arab sheiks in Citibank stock last summer, it's unlikely that investors will buy mortgages that no major bank or government agency stands behind.

The causes of the economic slowdown remain hotly debated, with the Conservatives blaming Gordon Brown's handling of the economy and the government keen to divert blame to the US subprime market.

Halbfinger and Powell give AG Andrew Cuomo a mixed review for his tenure at HUD, writing: «(W) hen presented with chances to throttle back on the exploding subprime market, guard against predatory lending and reel in mortgage brokers and lenders, Mr. Cuomo several times faltered and backed down.»

I have heard that the entire subprime market has suffered through a crisis and several lenders had to stop their business as they could cope up with the rising delinquencies and foreclosures.

A credit services company that services subprime market to individuals and small businesses.

In a similar vein, the FHA subprime market today depends on FHA's very liberal underwriting requirements.

The short seller made famous for his controversial and astute negative call on the U.S. subprime market is calling for a «pretty severe correction» in the Canadian housing market.

Bloomberg wrote about the ex-Goldman Sachs executive who bet big against the subprime market in 2008 and is now scooping up thousands of foreclosed homes on the cheap, often with the goal of renting them back to their one - time owners.

When the subprime market tanked in 2008, it was the suspension of trade in the AAA rated synthetic bonds that acted as the impetus for the crisis of confidence that shook the world.

Gary was among the first to point out the problems with the subprime market and predict the housing and credit crises.

(For more on the subprime market, read Subprime Lending: Helping Hand Or Underhanded?

He took actions that — in combination with many other factors — helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments.

But instead of tightening oversight, in the words of Wayne Barrett of The Village Voice, Andrew «took actions that - in combination with many other factors - helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments.»

The increased competition within the subprime market has resulted in putting borrowers more in control of lending process.

NerdWallet studied the subprime market and wrote the 2016 edition of its yearly Consumer Credit Card Report based on its findings.

Especially due to the subprime market fallout, FHA mortgage lenders have since filled the void for low - to - moderate income borrowers and individuals with less - than - stellar credit.

According to the GAO, part of the growth of the subprime market came at the expense of the FHA.

As liquidity in the subprime market declines, however, we can expect FHA activity to expand as more homeowners look to FHA insured products to meet their needs.

Borrowers refinancing into FHA from the subprime market are better off, even with slightly higher mortgage insurance premiums, because FHA insurance gives them access to substantially lower interest rates, and lowers their overall mortgage costs.

Marketplace lenders do not focus on the subprime market, however.

I wouldn't call these loans subprime just yet though, because a steady income stream is pretty much mandatory, but I feel like tendencies are pointing to the idea that banks might start tapping into the subprime market sooner or later.

With the recent liquidity crisis in the subprime market, the formerly red hot housing sector has finally started to cool off.

Fortunately, in the subprime market, your credit score doesn't have to be perfect.

Otherwise, companies specializing in the subprime market are the way to go.

Adjustable rate mortgage payments combined with decreasing home equity and tighter mortgage lending guidelines has triggered a severe credit crunch and all but wiped out the subprime market nationwide.

And about 500,000 new homebuyers without traditional credit scores complete a home purchase through FHA or the subprime market each year.

History shows us that when things start their descent into collapse — the subprime market is the first to get hit.

Mr. Vermani has been in the industry long enough to offer expertise on the subprime market.

When he's not keeping readers informed of changes in the subprime market, Mike's hobbies include sailing and gourmet cooking.

Well, as we know from the massive financial crisis that took place, the subprime market as it was had some major flaws.

But within those statistics was an increase in the «subprime market» — the borrowers with poor or bad credit.

So this is my last addition to the subprime market, are self employed individuals who are significantly overstating their actual income to qualify for their current debt loan, plus the new mortgage payment.

The bubble was bound to burst (everyone knew that) and the subprime market will re-price and amount to a bad day on wall street when all is said and done.

Borrowers refinancing into FHA from the subprime market are better off, even with slightly higher mortgage insurance premiums, because FHA insurance gives them access to substantially lower interest rates and lowers their monthly mortgage payments.

With so much press fixated on the shortcomings of the subprime market and the loans which were spun off in that market, I suspect the more stable FHA backed loans will once again move to the forefront as a viable alternative, even with the cost of mortgage insurance.

«These are the same institutions that themselves have either directly or through subsidiaries invested in the subprime market,» said Andrea Pincus, partner at Reed Smith LLP.

The subprime market did not cause the U.S. and global financial meltdowns by itself.

Fannie and Freddie became fairly large players in the subprime market, and they got that way by following the rest of the market down in lowering lending standards, etc..

«In the subprime market there is substantially more risk - based pricing,» he says.

«The long - term historical average for borrowers in the subprime market might be five to 10 times that,» Fratantoni says.

The FHA has been insuring mortgage loans for low and moderate income families since the depths of the Great Depression, but these loans became unpopular with the advent of the subprime market.