Sentences with phrase «subprime mortgages began»

The problem of subprime mortgages began in part because the government tried to increase homeownership for poor people and minorities by enabling private entities to offer more mortgages without assuming the risk.

Not exact matches

The Oracle of Omaha first got involved with the Charlotte - based banking giant back in 2011, when investors began questioning whether Bank of America could deal with legal fees and liabilities stemming from the subprime mortgage crisis.

Not long after she took charge in June 2006, Bair began sounding the alarm about the dangers posed by the explosive growth of subprime mortgages, which she feared would not only ravage neighborhoods when homeowners began to default — as they inevitably did — but also wreak havoc on the banking system.

That was the beginning of the great recession that resulted from the subprime mortgage bubble burst.

[23][24] Already - rising default rates on «subprime» and adjustable - rate mortgages (ARM) began to increase quickly thereafter.

As the restrictions begin to loosen up, more and more people may end up deciding that they want to pursue a subprime mortgage.

In late 2005, home prices began to fall, which led to borrowers being unable to afford their mortgages, defaulting on their loans, and subprime lenders filing for bankruptcy.

In the beginning it was mostly the specialty subprime mortgage companies that made these loans.

And in a flashback to the subprime mortgage boom, P2P startups have begun bundling and selling off loans through securitizations.

The most recent mortgage delinquency data suggested that defaults on subprime mortgage loans are occurring at measured pace than in recent months, good credit homeowners are beginning to show more and more delinquencies

The international financial crisis that began in the U.S. subprime mortgage market in 2007, for example, is importantly linked to at least two of the innovative financial techniques discussed in this book: securitization and credit default swaps.

Athas Capital Group in Calabasas began issuing subprime loans last April, offering mortgages at 9.75 percent for borrowers with a credit score of 550 to 599 who can make a 30 percent down payment.

Coming out of the subprime mortgage crisis that began in 2007, borrowers have been hesitant to purchase some mortgages, choosing to go with 30 - year, fixed - rate mortgages over adjustable rate loans.