Sentences with phrase «subprime meltdown»
The phrase "subprime meltdown" refers to a financial crisis that occurred due to a significant number of people defaulting on their subprime mortgages. These were loans given to borrowers with poor credit history or low income. As more and more people were unable to repay their mortgage loans, it led to a collapse in the housing market and a broader financial crisis in the late 2000s. Full definition
(For more, see also: Are Retail Stocks the Next Subprime Meltdown?)
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Subsequent to the subprime meltdown in 2008, the activities of the shadow banking system came under increasing scrutiny and regulations.
The real estate market, which has been slowly rebounding since the housing crash and subprime meltdown a few years ago, is getting too high as prices in some cities are up 25 percent since 2012 when the market bottomed out.
In his book about the financial collapse, former BB&T Bank president John Allison describes Cuomo's pivotal role in creating the subprime meltdown.
Investors have sought safety during the subprime meltdown by moving their holdings to U.S. Treasuries and money market funds.
The subprime meltdown gave rise to a mouthful of financial acronyms.
Most of the news on the subprime meltdown focuses on problems borrowers face when their loans reset from low teaser rates to much higher fixed rates.
There's an article in the Wall Street Journal today entitled, «Credit - Ratings Firms Get Caught Up In Subprime Meltdown.»
In other words, we do not have merely a subprime meltdown — if we did then standards for prime borrowers would have remained largely the same.
But the wave of foreclosures brought on by the subprime meltdown has not only increased the number of available properties, it has made it easier to find and acquire them.
They might not be the cheapest loans around, but they are the best fit for some borrowers — and the only option for others — as lenders continue to toughen their standards in response to the subprime meltdown.
In the subprime meltdown, certain thought leaders are serving financial industry special interests while draping themselves in populist raiment.
Investors» response to the subprime meltdown has been typical, says Michael Straneva, head of Ernst & Young's real estate transactions group in Phoenix.