During the subprime lending boom adjustable rate mortgages got a bad name, and rightly so.
The cofounder is Shawn Budde, who worked the subprime lending business for Capital One.
JPMorgan dove less deeply into the subprime lending waters than most of its competitors.
Davnie says it's easy to see the effects of misguided subprime lending in his city.
Subprime Lending and Our Financial Crisis: The Result of Centralized Planning Planning for competition works wonders.
This can lead to trouble when there are not enough creditworthy new borrowers, as in subprime lending.
But almost immediately she turned her attention back to subprime lending, and learned that the practice had metastasized.
That leaves out all of those on Wall Street and in banks involved with or overseeing subprime lending.
Maybe subprime lending belongs in the hands of smaller, specialty outfits, rather than being turbocharged by Wall Street.
They don't want to do as many jumbos, they certainly don't want to do any subprime lending any more.
All kinds went up, but it's no surprise that among the most numerous new cases were those involving subprime lending.
Tight credit controls--net charge-offs are only 4.7% of the portfolio--helped AmeriCredit survive the 1997 meltdown of the subprime lending industry.
New subprime lending has tailed off this year as mortgage firms have, belatedly, become fussier about whom they will serve.
Subprime lending, like a tapeworm, insidiously inched its way under our financial skin ushered in by none other than our own federal government.
Take a look at the fate of Conseco Financial when it tried to take advantage of a subprime lending fiasco in the late 1990s.
So for example, banks or other institutions which were exposed to subprime lending would still see their capital base depleted and their shareholders wiped out.
Of those sectors, financial firms have been hit the hardest, with 129, 927 cuts this year, 53.6%, or 69, 664, coming from mortgage and subprime lending companies.
We must, of course, add to this noise some nasty facts about subprime lending, which constituted as much as 20% of U.S. mortgage lending in 2006.
The left cannot have it both ways, blaming the private sector for subprime lending while absolving the government policies that created the demand for subprime loans.
To be sure, economists say the explosion in subprime lending played a role in the financial crisis and that some attrition in the industry is healthy.
He still thought that dealing with lesser credit risks--so-called subprime lending--offered more potential upside, provided he could do a better job of screening applicants and keeping losses low.
"There will be more stringent standards on subprime lending going forward, " he says, adding that government, regulators and the industry will need to cooperate to make it work.
The subprime lending mess threatens to accelerate the housing slowdown.
The U.S. housing crisis is far worse than the experience in most Western industrialized nations, which, unlike the U.S., did not foster markets of subprime lending to promote homeownership.
NPR's Chris Arnold talked to former employees of the company who offer a window into the hyper-aggressive practices that allegedly spread through the subprime lending industry during the housing boom.
Waltz describes what it was like working inside the industry during the subprime lending craze when lenders were loaning people the full value of the house with no money down.
Regulators in the United States had total power over subprime lending but as the bubble built, they used that power not to raise down-payments or credit standards, but to lower them.
Had regulators and big banks been able to accurately assess their exposure to subprime lending, we might have dampened the recession and saved the housing market from its biggest fall in 30 years.
Another talking point the NAHB reps will take with them to Capitol Hill Wednesday is to defend subprime lending, or the practice of lending money to borrowers with blemished or limited credit histories.
That happened to be one day before former Citi Chief Executive Charles Prince resigned amid the subprime lending crisis that would quickly engulf Citi, Merrill Lynch, Lehman Brothers and the rest of Wall Street.
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