Sentences with phrase «subprime mortgages became»

Not exact matches

No disability forms were granted & no doctors available (even though she had many and visited ailing grandmother for 2 yrs / hospital faithfully)... she had alot of friends who were in mortgages, subprime is assumed & became fbi / cia agents in their 20's (or 1980's).

After Emrys Partners dissolved, Eisman became a vocal opponent of for - profit universities, comparing the ethics behind them to those of the subprime mortgage market.

On the other hand, if the availability and attractiveness of mortgages declines, as did during the fallout from the subprime lending crisis, renting an apartment becomes more appealing, so occupancy rates and rental revenue per apartment increase.

But blaming low - income families and casting them as unfit to own a home ignores decades of successful mortgage lending before the subprime boom — before reckless underwriting and aggressive marketing of unsustainable loans became common financial industry practice.

In the early 2000s, adjustable - rate mortgages, or ARMs, became very popular in the subprime industry.

Many consumers are good borrowers that do not fit into a perfect box so non-prime mortgage loans become very appealing when subprime mortgage lenders get the flexibility they need from the banks to loosen lending standards.

Paulson became world - famous in 2007 by shorting the US housing market, as he foresaw the subprime mortgage crisis and bet against mortgage backed securities by investing in credit default swaps.

Economists don't see this as similar to the subprime mortgage crisis, where people took out loans they couldn't afford and became delinquent.

Then we get to deregulation and 4) companies see how much they can make on subprime mortgages 5) companies dispense with money - down mortgages 6) companies push exotic mortgages (alt - a, subprime, neg amort) 7) mortgage making and holding becomes almost completely decoupled encouraging questionable mortgages 8) default risk is now rated via credit ratings instead of ability to pay

In fact, after the subprime mortgage crisis of 2007 - 08, they became known as «liar loans,» because borrowers and lenders were able to exaggerate income and / or assets to qualify the borrower for a bigger mortgage.

According to the Mortgage Bankers Association's National Delinquency Survey, over 20 percent of subprime ARMs were seriously delinquent in the fourth quarter of 2007, and over 14 percent of all subprime mortgages were seriously delinquent.2 Data available on privately securitized subprime loans also show that loans originated in 2005 or later have become seriously delinquent much more quickly than loans originated in prior years.

The subprime mortgage fallout continued to affect the banking industry as it became difficult to value debt instruments backed by mortgages and caused a temporary credit freeze in some markets during the late summer.

Greg Lippmann, who helped design the trade against subprime mortgages that became known as the Big Short, says the next financial tremors will come from corporate debt.

These companies became known as subprime mortgage lenders.

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

A «banking panic» occurs when «informationally - insensitive» debt becomes «informationally - sensitive» due to a shock, in this case the shock to subprime mortgage values due to house prices falling.

Countrywide, a firm linked with subprime mortgages and other problems, became the «master servicing agent» of the CalSTRS home loan program in 2004.

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.

There are times when that spread becomes very wide or very thin — a reflection of world events, such as the subprime mortgage crisis of 2008/2009 and the recent catastrophic situation that has befallen Japan.

There are times when that spread becomes very wide or very thin, such as the subprime mortgage crisis of 2008/2009.

During this period, subprime mortgages increased from $ 35 billion to $ 125 billion and millions of people who were not really qualified to buy homes became homeowners.

Subprime mortgages leapt into the public consciousness this summer, becoming the catchphrase for the season.

Paulson is a billionaire New York hedge fund manager who made out handily betting against subprime mortgages in 2007 and has predicted Puerto Rico will become «the Singapore of the Caribbean.»

Prior to the 2008 housing crash, predatory lending and subprime mortgages were becoming the norm either in practice or in process.

Subprime companies became looser and, in addition, the number of subprime mortgages skyrSubprime companies became looser and, in addition, the number of subprime mortgages skyrsubprime mortgages skyrocketed.

Following the subprime mortgage crisis, FHA, along with Fannie Mae and Freddie Mac, became a large source of mortgage financing in the United States.