Sentences with phrase «subprime market last»

Not exact matches

There's a section of the auto - loan market — known in industry parlance as deep subprime — where delinquency rates have ticked up to levels last seen in 2007, according to data compiled by credit reporting bureau Equifax.

Last year the fund soared 138 % in value thanks to a huge bet that Burry had made on the subprime mortgage market.

«Over the last several months, this Committee has been watching the growing problems in the subprime mortgage market.

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 consumer credit markets have been functioning extremely well the last few years, but an increase in subprime lending has begun to impact delinquency levels for some industries, specifically the auto finance and credit card markets,» said TransUnion's Nidhi Verma in a news release.

Last month, plaintiffs in a secondary markets securities class action case involving CIBC and its subprime mortgage exposure were denied certification, even though Ontario Superior Court Justice George Strathy indicated he saw merit in the case.

Credit markets experienced a scare in the third quarter of last year when concerns about subprime mortgage defaults and writeoffs associated with securities backed by such loans roiled investors.