subprime loans Archives – The Southland Journal

Tag: subprime loans. Former CEO of Subprime Auto Lender Indicted in $54.5 Million Bank Fraud Scheme. As a result of Collins’s false representations and material omissions regarding the …

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Subprime Loans Archives – The Southland Journal

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Tag: subprime loans. Former CEO of Subprime Auto Lender Indicted in $54.5 Million Bank Fraud Scheme. As a result of Collins’s false representations and material omissions regarding the …

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What caused the subprime mortgage crisis of 2007–10?

(Photo: Justin Sullivan/Getty Images News/Getty Images) The subprime mortgage crisis of 2007–10 stemmed from an earlier expansion of mortgage credit, including to borrowers who previously would have had difficulty getting mortgages, which both contributed to and was facilitated by rapidly rising home prices. ...

What was the subprime mortgage crisis?

The U.S. subprime mortgage crisis was a set of events and conditions that led to the 2007–2008 financial crisis and subsequent recession. It was characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages. ...

What happened to subprime loans in 2003?

In 2003, after the use of subprimes had been greatly expanded, and numerous private lenders had begun issuing subprime loans as a competitive response to Fannie and Freddie, the GSE's still controlled nearly 50% of all subprime lending. ...

Was the housing bubble a primary cause of the subprime mortgage crisis?

The nature of the housing bubble in both the U.S. and Europe indicates U.S. housing policies were not a primary cause. Deregulation, excess regulation, and failed regulation by the federal government have all been blamed for the subprime mortgage crisis in the United States. ...

How did subprime mortgages affect the housing market?

Because the bond funding of subprime mortgages collapsed, lenders stopped making subprime and other nonprime risky mortgages. This lowered the demand for housing, leading to sliding house prices that fueled expectations of still more declines, further reducing the demand for homes. ...

Was the CRA a significant factor in subprime lending?

The Financial Crisis Inquiry Commission (majority report) concluded in January 2011 that: "...the CRA was not a significant factor in subprime lending or the crisis. Many subprime lenders were not subject to the CRA. Research indicates only 6% of high-cost loans—a proxy for subprime loans—had any connection to the law. ...