The reason is that sovereign debt is a bigger problem than
subprime mortgages ever were.
Not exact matches
What caught my attention in late 2007 were the weird, amorphous, and
ever growing trading losses in the
subprime -
mortgage bond market suffered by the big Wall Street banks.
However, I don't believe that the word «fiasco» has
ever been used to describe the Canadian
subprime mortgage market.
However, I don't believe that the word «fiasco» has
ever been used to describe the Canadian
subprime mortgage market.
I would have had a hard time passing up a
subprime mortgage if I could have gotten one, as I can not see any other way I could
ever own a home — and I am more financially literate than the average Amedrican.
Because of the
subprime mortgage meltdown and the weakened economy, loan officers are hungrier than
ever for business.
Today, in the wake of the
subprime mortgage meltdown and ensuing foreclosure crisis, this no - down payment loan is more important than
ever.
Having the ability to uncover new options to borrow money from
subprime mortgage lenders online makes buying a home more realistic than
ever before.
And, like
subprime mortgages before the financial crisis, many
subprime auto loans are bundled into complex bonds and sold as securities by banks to insurance companies, mutual funds and public pension funds — a process that creates
ever - greater demand for loans.
However, I don't believe that the word «fiasco» has
ever been used to describe the Canadian
subprime mortgage market.
The
mortgage lending giant faces the largest fine
ever imposed by the Federal Reserve over charges that it steered borrowers toward
subprime mortgages with higher interest rates during the housing boom.