Whereas Fannie Mae is required by statute to have private mortgage insurance on loans with low down-payments, national banks originate billions of dollars in higher-risk mortgage loans utilising the Federal Housing Administration's government-guaranteed mortgage insurance.
"In view of how the laws of probability have yet to be repealed, a steep jump by subprime mortgage loans share of total mortgage originations from the 9% of 1996 to 2000 to the 21% of 2004 to 2006 practically assured an upward shift in mortgage delinquencies, " wrote Moody's in a report Tuesday.
The profit, Dimon said, was the product of markdowns on leveraged loans and mortgage trading positions, as well as weak trading results and deterioration in all types of loans.
This list should include credit card debt, student loans, home mortgage or equity loans, medical debt and any other outstanding debts you have.
Such loans reduce mortgage interest burdens on business owners, helping to stimulate the economy.
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Packaging the loans into mortgage-backed securities that are sold to investors can lessen the risk to lenders.
Some of these debt instruments are: consumer loans, micro loans, factoring, direct real estate loans and mortgage backed securities.
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Most people know that the meteoric rise of home prices between 2001 and 2006 had to do with sub-prime loans and mortgage-backed securities.
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The sale includes mostly includes loans and mortgage-servicing rights that the bank inherited when it made the questionable decision to buy Countrywide Financial in 2008.
The company caters to fund managers and institutional investors trading in illiquid assets like private company stock, bankruptcy claims, loans, mortgage-backed securities and collateralized debt obligations.
If additional yuan loans were mortgage-based and tied to Chinese real estate development projects Africans could conceivably become first-time home owners in waves, while paying little interest.
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Beginning with subprime loans, mortgage backed securities proliferated as banks got hooked on quick easy profits and circular valuation models which never took in the possibility of a fall in housing prices.
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That due diligence did not take place, and instead, defendants were more concerned with getting high volumes of loans from mortgage originators who were rewarded by Credit Suisse based on loan volume, the complaint says.
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The company's rapid expansion has helped it grow into the dominant player in an evolving industry: a nonbank firm that manages hundreds of billions of dollars in home loans on behalf of investors who own the loans through mortgage securities.
As a mortgage servicer, Nationstar provides administrative functions on loans held by banks, government organizations, private-investment funds and other owners of mortgage loans and securities.
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First Magnus, the 16th-largest U.S. home lender, said Thursday it would stop making mortgage loans because it can't find buyers in the mortgage securities market to get them off its balance sheet.
In this important mortgage-backed securities case, attorneys for the New Jersey Carpenters Vacation Fund allege that misstatements and omissions regarding residential mortgage loans in offering documents relied upon by buyers of certain mortgage-backed securities resulted in material losses.
Loan officers source and originate mortgage loans, they collect your information and your documents and submit your mortgage loan to a team of processors and underwriters, loan officers do not have the authority to approve your loan.
During the real estate boom Countrywide created hundreds of securitization trusts, selling certificates backed by residential mortgage loans.
Do you have any debts that you could repay - loans or a mortgage?
Several lenders, including Countrywide, America's largest mortgage lender, have stopped making no-money-down mortgage loans.
With many mortgage loans underwater, continuing job losses are pushing ever more households into default.
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Its many mortgage loans are looking increasingly seedy as the British economy turns down.
These rates are comparable with those provided for mortgage loans, but neither was backed by a security.
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The plan would direct the federal government to buy up bad mortgage loans from banks and homeowners.
Barton thought about relocating to San Diego, where rent and mortgage loans would go twice as far.
Under the plan, the government would buy up bad mortgage loans, converting them into low-interest, FHA-insured loans.
Better to put their loan officers to work cleaning up those bad mortgage loans already on the books.
For instance, it does not clarify why blacks might find it harder than whites to get mortgage loans.
Thousands more Americans may lose their homes soon, this time to a wave of high-interest subprime mortgage loans.
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