You Searched For "subprime" and got 20 results
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2 mins read
Meet the billionaire 'king of subprime car loans' whose company underwrote Trump's $175 million civil fraud bond
Don Hankey is worth an estimated $7.4 billion and built an empire on subprime car loans — and used …
Ana Altchek
2 mins read
Economist Paul Krugman says there are 'uncomfortable parallels' between the recent crypto slump and the subprime mortgage crisis
Complex financial products being peddled to investors least equipped to handle the risks is an echo…
Isabelle Lee
9 mins read
What caused the Great Recession? Understanding the key factors that led to one of the worst economic downturns in US history
The Great Recession was caused by the collapse of the subprime mortgage market, which led to a cred…
Anne Field
2 mins read
People have stopped paying their car loans, and it shows millions are struggling in this economy
While the government has frozen student-loan interest and evictions, subprime auto borrowers are in…
Ben Winck
2 mins read
'Big Short' investor Michael Burry shared the thinking behind his iconic bet against the housing bubble - and reflected on his GameStop wager
Burry shared an email from 2005 in which he listed multiple red flags in the US housing market, and…
Theron Mohamed
2 mins read
A hedge fund manager who dominated the last financial crisis posted a 26% loss during March's violent sell-offs, new report says
Ali Lumsden posted a 73% gain betting against the mortgage market in 2007, but his securitized cred…
Ben Winck
2 mins read
Indian banks found ₹2.6 lakh crore frauds in first six months of FY20– only because RBI looked ‘closely’
The large piles of non-performing assets are not just toxic loans that turned bad – a chunk of …
2 mins read
People with 'subprime' credit scores are reportedly getting approved for Apple's new credit card
But CNBC reports that although people with subprime credit scores are being approved for the Apple …
Paige Leskin
3 mins read
'A recession will come': Experts across Wall Street are warning of hiccups in a market that 'sounds a lot like subprime in 2006'
"When the recession comes, there won't be any idea of addressing these leverage ratios," he said. "…
Christopher Competiello
6 mins read
I bought a condo with a subprime loan in 2004, but refinancing my mortgage means I now have cheap, stable housing in the Bay Area
A lot has changed in the 16 years since we bought our little condo. We survived the recession and o…
Laura McCamy,Laura McCamy
2 mins read
Subprime loans are still on the decline
The one area where subprime loans are outpacing their safer counterparts is student loans. Student …
Bob Bryan
2 mins read
Private-equity firms and hedge funds are getting clobbered by subprime auto loans
As the US auto market has boomed in 2015 and 2016, setting new sales records, analysts have become …
Matthew DeBord
2 mins read
Goldman Sachs is lending to subprime borrowers to get an early warning about the next economic crash
Deutsche Bank analyst Matt O'Connor recently met with Stephen Scherr, the Goldman Sachs partner who…
Dakin Campbell
3 mins read
Goldman Sachs' hot new business is lending to subprime consumers, and Wall Street's starting to ask questions
"We're not approving large numbers of applications. We could approve more, but we're choosing not t…
Matt Turner
2 mins read
Subprime credit card lending is making a big comeback
Consumers with lower credit scores have also been building up their balances the most, according to…
Tina Wadhwa
2 mins read
Santander just got hit hard for approving thousands of subprime auto loans
In a statement to Business Insider, a Santander spokesperson said, "We are pleased to put this matt…
Frank Chaparro
1 min read
'Subprime credit losses are accelerating': There's a problem in the auto loan market
Adam Jonas, Morgan Stanley's autos analyst, recently highlighted risks for Ford given the size of i…
Matt Turner
3 mins read
TV networks are taking serious jabs at 'subprime' streaming competitors
She supported her argument by stating that the average person spends seven times more time watching…
Jethro Nededog
3 mins read
People are worried this could be the next US 'subprime' crisis
She said: "On the other hand, and I subscribe to both of these, we have people who say this is a na…
Oscar Williams-Grut
1 min read
John Burbank's Passport Capital, which famously shorted the subprime mortgage crisis, is rapidly shrinking
"For the second quarter, the Fund had net outflows of $480 million. Firm-wide, net outflows (not in…