Sentences with phrase «subprime mess»
The phrase "subprime mess" refers to a financial crisis that occurred in 2007-2008, caused by the collapse of the subprime mortgage market. It refers to the situation where people with low creditworthiness were given loans to buy houses, which they eventually could not afford to pay back. This led to a chain reaction of loan defaults and financial instability, affecting banks, markets, and economies worldwide. Full definition
We expected the foreclosure, subprime mess to become the central focal point of US politics; it has now done so.
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I've heard that the 28/36 figures were relaxed in recent years and have really tightened back up in the wake of the subprime mess.
I've heard that the 28/36 figures were relaxed in recent years and have really tightened back up in the wake of the subprime mess.
In other words, it was shielded from the subprime mess.
«Isnâ $ ™ t the packaging of mortgages and selling them to investors one of the reasons we got into the subprime mess?
The same was the case for their involvement in making loans to emerging countries, the Asian crisis, Enron and the bursting of the technology bubble, and finally the subprime mess of 2007 - 2008.
«The subprime mess burst and prices were declining,» recalls Vitch, who is convinced he bought his vacation villa at the perfect time.
As a result of this subprime mess, it's now a lot harder for borrowers to get loans.
For starters, there's no easy way to bail out homeowners without bailing out the lenders and investors who were largely responsible for the subprime mess.
Consider the subprime mess recently where all the greedy banks who caused the crisis were bailed out with taxpayer cash, and still the bank execs were given huge bonuses using the taxpayer's money.
The subprime mess should also open up opportunities for lawyers seeking to recover money for investors or to defend corporate executives at financial institutions against charges that they misled investors with rosy predictions (no?
REITs in markets unaffected by the subprime mess — at least thus far — are strengthening their portfolios and are gearing up for potential acquisition opportunities.
The subprime mess coincided with Maguire's $ 3 billion acquisition of 24 Equity Office buildings and 10 development sites in Southern California — a deal that stemmed from the Blackstone and Equity Office transaction.
What's hard to predict is how the subprime mess will impact the conventional market.
As lenders digest their lessons from the subprime mess, they'll increasingly distinguish between low - and high - risk loans and make credit available accordingly.
With many high - flying colleagues belly - up in the aftermath of the subprime mess, lenders are tightening their standards for all loans.
As in the savings and loan crisis and the dot - com bust, the frenzied lending environment of the past few years has led us to today's subprime mess.
The problems exposed in the subprime mess of the last 18 months have at least one silver lining: If you work for a one - stop - shop brokerage with an in - house mortgage operation, you possess a powerful tool to aid customers who otherwise could have trouble finding safe, affordable loan options.