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06th September 2009
As an effect of the sub prime mortgage crisis in the 2007, lenders are no longer lenient when it comes to mortgage approval. Lenders require more documents, as they become more critical in screening borrower. Another effect is the soaring high interest ra... Read >
Author: Victoria San12th June 2009
Like a Phoenix rising from the ashes, Subprime lending will make a comeback. Lenders focus on the three Cs: Creditworthiness, Capacity, and Collateral. Creditworthiness is measured by one's FICO score, Capacity is based on one's income, and Collateral is ... Read >
Author: Robert Bell05th May 2009
We list below a brief explanation of each of the more common types of home loans available to home owners and home buyers. Before you go to one of the sites like wikianswers or Yahoo! Answers (and sorting through a dozen spam comments) give this page a qu... Read >
Author: Geoffery Thornton01st May 2009
The loan reset issue is not confined to those who bought late in the bubble rally of the Great Housing Bubble. Many borrowers are homeowners who refinanced to take advantage of more favorable loan terms. Most loans originated in the later stages of the bu... Read >
Author: Robert Bell01st May 2009
The first sign of trouble for the housing market was the implosion of subprime in early 2007. Subprime borrowers stopped paying back the loans they were given due to loan resets and payment recasts. These defaults lead to foreclosures. During the bust, th... Read >
Author: Robert Bell01st May 2009
Loan standards vary over time as the credit cycle loosens and tightens. Many borrowers in the bubble rally were qualified with low credit scores, very high combined-loan-to-values, high debt-to-income ratios, and little or no income verification. When the... Read >
Author: Robert Bell16th April 2009
The FICO score has long been the standard used by banks and other financial institutions to determine your credit worthiness. It is compiled using a complex system that measures things such the amount of credit you have available to you, the amount of cre... Read >
Author: John Rasor16th April 2009
Who is responsible for the Great Housing Bubble? It is one thing to identify who or what caused the bubble, but it is another to assign responsibility and blame. Borrowers, lenders, investors, and the FED are all responsible; it is only a matter of degree... Read >
Author: Robert Bell15th April 2009
The Great Housing Bubble can be visualized with a simple thought experiment. Imagine a room with 100 people representing the pool of subprime borrowers. These are new entrants to the market. They were previously unable to buy due to bad credit, lack of sa... Read >
Author: Robert Bell12th April 2009
Here is a simple article to know about the sub-prime crisis, current hot topic. Let us know whats going on around us and why...
What is a sub-prime loan?
In the US, borrowers are rated either as ‘prime’ - indicating that they have a good ... Read >
Author: Vicky Advani23rd March 2009
The most egregious examples of predatory lending occurred when interest-only loan products where offered to subprime borrowers whose income only qualified them to make the initial minimum payment (assuming the borrower actually had this income). This loan... Read >
Author: Robert Bell09th March 2009
The parameters of the forming limitations on the debt-to-income ratio and combined-loan-to-value are essential to prevent bubbles in the housing market and to prevent the banking system from becoming imperiled in the future. Loan amounts much be tethered ... Read >
Author: Robert Bell23rd February 2009
Debt-to-income ratio is a financial measure that determines your affordability for availing mortgage loans. It compares the total debt amount you are paying every month as compared to your monthly income. A lower debt-to-income ratio is always preferred. ... Read >
Author: Michelle Jones23rd February 2009
For subprime borrowers with bad credit, getting a quick cash loan to fund emergency expenses is always difficult. Conventional lenders view such borrowers as a risk because of a low credit score. However when you need quick cash in times of emergencies, s... Read >
Author: Bageshwar Rishi19th December 2008
With today’s declining economy and rising unemployment rates it’s hard to understand how the current crisis will affect many Americans and their opportunities to buy, sell, or just keep a home. Many speculate that the explosion of the subprime loan wa... Read >
Author: Robert Palmer17th December 2008
Subprime mortgages can be identified as loans made to people with past blemishes on their credit histories, may not be able to fully document their incomes, or who may have less equity or smaller down payment.
Lenders study your credit history before dec... Read >
Author: Justin Narin04th September 2008
The people whose credit score is lower than the desired rating are the Subprime borrowers. Around 25% of the borrowers in the UK financial market fall under the Subprime criteria. In the present days it is very easy for a person to get a Subprime tag. The... Read >
Author: Frank Dervin10th July 2008
A payday loan, also known as a payday advance, refers to a short-term loan that is due for repayment when a borrower receives his or her next paycheck. This is different from a payday car title loan, which refers to a borrower taking a payday loan by usin... Read >
Author: Alisha29th August 2007
If you ever turn on the radio or television then you have surely heard something about the current “subprime mess,” “credit crunch,” or “mortgage meltdown.” What are they really talking about, and how did it happen? Read on to learn the basi... Read >
Author: Drew Tyler15th August 2007
Just because you have had credit problems in the past doesn’t necessarily mean that you are doomed to a life of dealing with landlords. Poor credit can be a result of people simply not paying their bills, or more uncontrollable circumstances such as il... Read >
Author: Drew Tyler01st August 2007
No Exaggeration
There are a staggering number of Florida mortgage customers that will be impacted by the changes in the mortgage industry. Maybe you have heard that twenty percent of all homes purchased nationwide in recent years were purchased using s... Read >
Author: Jim Kemish26th July 2007
Subprime lenders are providing first mortgages, second mortgages and home equity loans to those who don't qualify for conventional financing. Many of the more than 19,000 mortgage lenders in the U.S. offer some form of subprime mortgages.
Subprime borr... Read >
Author: Mike Hamel25th July 2007
The desire to own a car, and having a good credit history, don’t always come hand-in-hand. Most often, the former is present while the latter is hopelessly missing. The problem is, a bad credit history will bring severe impediments to the process of get... Read >
Author: Churchgate27th March 2007
In the mortgage industry, loans are issued to people according to their credit score, income and a few other financial factors.
The most influential piece of information that lenders need to determine what type of loan and at what rate they will give to... Read >
Author: groshan fabiola27th March 2007
They say the definition of insanity is doing the same thing over and over again, expecting a different result. It�s hard to believe, but subprime lender New Century which is experiencing potential bankruptcy type problems from its subprime lending portf... Read >
Author: Richard Stoyeck19th July 2006
There are more than 19,000 mortgage companies in the U.S. and some of the largest and most reputable of them specialize in subprime mortgage refinancing.
Steven Frank, Senior Vice President of Marketing at FlexPoint Funding identifies a subprime borro... Read >
Author: Mike Hamel07th January 2006
Undoubtedly, you've heard the radio commercial claiming you can get a mortgage despite having bad credit. Bad credit mortgages are better known as subprime mortgages.
Subprime
"Subprime" is a euphemism for a borrower who simply doesn't qualify for ... Read >
Author: Dan Lewis
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