Sentences with phrase «which subprime mortgage lenders»

This is a quick way to learn which subprime mortgage lenders offer the best rates.

Not exact matches

By choosing to only buy homes from Fannie Mae, the lawsuit says, Harbour ended up with homes in areas that experienced the largest amount of foreclosures, which are the same communities targeted by subprime - mortgage lenders — communities of color.

«The subprime mortgage market [in which lenders dealt out high interest loans to risky, often low - income borrowers who couldn't make their payments] are virtually nonexistent,» says McBride.

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.

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.

Driven by Wall Street's demand for subprime loans to securitize and sell to investors, lenders sold high - risk products such as exploding adjustable - rate mortgages — loans with interest rates that could triple after two years — and liar loans, also known as stated income loans, which required little or no documentation about income, assets, or credit history.