sub prime

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Latest blogosphere posts tagged “sub prime”

 

• Sub-Prime: Fitch Sends Shot Across Bow Of Auto Lenders

  
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  Seeing delinquencies and credit losses going up while used car sales and lending standards deteriorate, rating agency Fitch warned today that “U.S. auto lenders will likely report further weakening in asset quality metrics this year.” Translated into English, lenders will become increasingly dependent on ...
  1 week ago

• Obama Did It for the Money

  
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  By Robert Scheer The president has chosen to fill two key Cabinet positions dealing with business practices with people who specialized in financial rip-offs. Related Entries May 7, 2013 Hunger Strike in Guantanamo May 7, 2013 Obama Did It for the Money
  1 week ago

• Top ten cars bought by people who probably can’t afford a car

  
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  Sub-prime borrowers are buying completely different cars than everyone else, at least according to data gathered by Carfinance.com. This financing company that specializes in helping “below-prime” borrowers finance their car purchases looked at data gathered from between October 2012 and March 2013. According to ...
  1 week ago

• Penny Pritzker nominated for Commerce secretary, Obama pay to play crony, Hyatt Hotels family, Pritzker headed failed Superior Bank, Role in sub prime crisis, Obama campaign finances

  
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  Penny Pritzker nominated for Commerce secretary, Obama pay to play crony, Hyatt Hotels family, Pritzker headed failed Superior Bank, Role in sub prime crisis, Obama campaign finances “We intend to close loopholes that allowed big financial firms to trade risky financial products like credit defaults swaps and other ...
  2 weeks ago

• Return of the Mortgage-Based Bonds: Another Bubble in the Making?

  
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  In case it has been a while since you have been entertained by going around in circles while sitting on a painted wooden horse, permit me to re-introduce you to the Merry-Go-Round, a staple at virtually any amusement park. The world itself might just be such a ride, with us mere earthlings playing out our respective ...
  2 weeks ago

• International Banks Lending to the Middle Class in Asia: Profit vs. Planet

  
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  In April 2013, debt levels in Asia were reaching record levels as international lenders were extending short-term loans to a growing middle class. Nonmortgage consumer credit in Asia outside of Japan had increased 67% from 2007 to reach $1.66 trillion by the end of 2012. This credit included credit cards and loans for ...
  3 weeks ago

• Fitch, Moody’s, Stand Alone As Subprime ABS Skeptics

  
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  Ratings agencies and other players in the finance world are beginning to sound the alarm on auto backed securities.  Among the most troubling factors for some investors is the growth of smaller issuers who rely on pools of deep subprime loans. And ratings agencies who are being more conservative with their ratings ...
  3 weeks ago

• A Snapshot Of What Sub-Prime Buyers Are Driving

  
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  Sub-prime finance has attracted a bit of interest (no pun intended) over at TTAC lately, and the segment itself has experienced phenomenal growth in the post-bailout era . Auto lending site www.carfinance.com released a list of the top 10 most popular new and used vehicles as purchased by sub-prime buyers over the ...
  3 weeks ago

• Simple Steps to Achieve the Home of Your Dreams

  
  — Authority:
  Unlike the early years of the 21st century, when buyers were only required to have a five percent down payment, if any at all, today’s home buyers must have between 10 and 20 percent as a down payment on purchasing a home. After the U.S. sub-prime mortgage disaster, Canadian lenders are much more cautious in ...
  3 weeks ago

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