Sentences with phrase «subprime mortgage lenders during»

Not exact matches

Just like subprime mortgage lending dragged so many American homeowners underwater during the housing crisis, some private lenders aggressively marketed their loans to students who weren't financially fit to support them.

He was also forced to clean up other messes, including bad bets on U.S. subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.

During the boom in subprime mortgages, US lenders thought they could manage their exposure to these risky borrowers by ensuring they would not remain customers for long.

Most lenders stopped offering discounts during the subprime mortgage credit crisis.

But much like the country's private lenders during the first several years of the present century, Fannie Mae and Freddie Mac's drive to increase profits helped create the housing bubble (thanks to lowered underwriting standards, approvals for subprime borrowers and the bundling of loans into mortgage - backed securities).

During a housing policy meeting in 2004, Edward Gramlich (who was on the Board of Governors at the Federal Reserve at the time) explained how subprime mortgage lenders were helping the country:

Unfortunately, during the same time that subprime borrowers became more involved in the American housing market, more variable - rate mortgages were issued by lenders.

But during the early and mid-2000s, high - risk, or «subprime,» mortgages were offered by lenders who repackaged these loans into securities.

Each of the top 10 subprime mortgage lenders for 2006 were named in at least one borrower class action during 2007, the report says.

More than 2 million subprime mortgage loans that lenders made during the boom years are in foreclosure, putting at risk $ 164 billion in wealth accumulation, the Center for Responsible Lending says in a study.

And looking at what they said during the boom, lenders will always justify their affordable / subprime mortgages by saying they're just trying to help;

NAR analysts think that's a reasonable assumption given the 56 percent rise the federal mortgage insurance agency has seen since private lenders pulled back on their subprime offerings, which had cut into the FHA's market share during the housing boom.