You Searched For "Subprime lending" and got 20 results
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3 mins read
Angelo Mozilo, the former CEO of Countrywide who was widely blamed for the housing crisis, says banks should get back into mortgage lending
As the housing crisis helped bring down the global economy, many pointed the finger at Mozilo. He w…
Bradley Saacks
2 mins read
GM Executive Doesn't Sound Very Worried About Subprime Auto Loans
Stevens: That's a good question. It's been interesting, our share of sub-prime actually has come do…
Matthew DeBord
7 mins read
Bank of America's mortgage tech bets have helped save billions and spark a boom in home lending - here's how it's outpacing JPMorgan and Wells Fargo
Wells Fargo, the largest mortgage originator, turned to Blend in 2017, while No. 2 mortgage giant J…
Alex Morrell
6 mins read
Here's What You Should Know About Peer-To-Peer Lending, The Hottest New Investing Trend
Will you take it personally if a borrower you have invested in defaults on his or her loan? If the …
Mandi Woodruff
3 mins read
Subprime Auto Loans Won't Wreck The Financial System - See These 2 Charts If You're Worried
Not only is the subprime auto market rather different than the subprime housing market from the len…
Sam Ro
3 mins read
Auto lending has evolved, but it isn't a threat to the market or the economy
More days on inventory would suggest a sales slowdown, or a slackening of consumer interest in prev…
Matthew DeBord
3 mins read
Goldman Sachs reportedly cut a key consumer lending target for next year - and it could mean the economy is due for a sharp turn
Robin Vince, Goldman's chief risk officer, responded to some of these concerns during an investor c…
Madeline Shi
3 mins read
Banks are suddenly scaling back lending, and Wall Street isn't yet sure what to make of it
"The results of the latest US bank earnings releases were disturbing to say the least, especially i…
Akin Oyedele
1 min read
We just got some data on auto lending, and it's setting off alarm bells
Now, to be clear, JPMorgan decided back in 2013 to pretty much pull out of auto lending to subprime…
Matt Turner
2 mins read
A Wall Street analyst summed up the collapse in online lending in 2 brutal sentences
"Delinquency rates for subprime and near prime personal loans originated by fintech and finance com…
Portia Crowe
2 mins read
New Rule Lets Lenders Judge Whether People Can Actually Afford Mortgages
The end of quick sale loans. In the past, lenders could get away with offering quickie low- or no-d…
Mandi Woodruff
3 mins read
Prosper used an old-fashioned marketing technique to transform into a $3 billion lending giant
Vermut told the crowd at LendIt Europe: "When we got started we re-calibrated our risk model so it …
Oscar Williams-Grut
2 mins read
The market is flashing signs of a dangerous debt bubble with losses that could be 'contagious,' economist says
US stocks could be seeing one of the most problematic types of asset bubbles, according to one Gold…
Jennifer Sor
7 mins read
My homeowner nightmare
I finally caved and got solar panels. It turned out to be a huge mistake.
Vishal Persaud
2 mins read
Recession seems almost certain with 19 states in trouble already, expert warns
A top economist, Nancy Lazar, expects stricter bank lending and steeper interest rates to crush gro…
Theron Mohamed
2 mins read
The 2008 housing bust suggests China's only halfway through its property crisis. Here's how the downturns compare.
Once a crash begins, it tends to last a long time, and Goldman Sachs forecasts China's current real…
Phil Rosen
2 mins read
The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, think tank says
"Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of lev…
Aruni Soni
2 mins read
'Bond King' Bill Gross sees a recession in the 4th quarter and reveals what he's doing with his money
Equity arbitrage and SOFR futures are among trades the "bond king" says he's looking at as the econ…
Filip De Mott
2 mins read
It would be a 'miracle' to escape a recession and the erosion of credit is similar to 2008, top economist David Rosenberg warns
"We've had the biggest interest rate shock since 1981, Rosenberg said, noting that a severe recessi…
Phil Rosen
3 mins read
Treasury Secretary Janet Yellen said the SVB collapse is 'very different' from the 2008 crisis and that the financial system is 'significantly stronger than it was 15 years ago'
The ghost of 2008's past has been haunting the SVB collapse, but Janet Yellen says it's not the sam…