The vast majority of mortgages, including even sub prime mortgages, continue to perform well.
Patch and cover up of a confidence trick that beats Sub Prime and Bernie Madoff for sheer temerity!
Then there is the sub prime crisis that was taking shape.
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The reason that many sub-prime borrowers do not demand prime loans or shop around for the best sub-prime price is a lack of basic financial knowledge.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
He's right when he says whoever was in power now would be treated, would be dealing with the problem of sub prime mortgages in America, the North, what materialised in Northern Rock.
If a broker puts you into a sub prime loan and you're A credit, they receive what is called the yield spread premium, which also synonymous to a kick back.
For one, the U.S. housing bubble imploded after bulge bracket banks could no longer bare the losses associated with mortgage backed securities, and the ultra leverage used to buy sub prime real estate loans.
If sub-prime borrowers could be helped to make better decisions, says James Carr, head of research at the Fannie Mae Foundation, sub-prime lenders would have to bring rates down, and many would get prime loans.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
The territory does not have a looming sub-prime mortgage problem, and local lenders are well capitalised.
Rather than ACORN arguing for sub-prime mortgages, nurses and the AFL-CIO are pushing a FTT.
Apparently, the business of gossip can be as challenging as that of sub-prime lending.
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Just as with Bernie Madoff and the sub-prime fiasco, the SEC has been warned about SCF.
One reason is that the country's banks were relatively unexposed to the US sub-prime mortgage market.
One potential worry is sub-prime lending: loans to people with a bad credit history.
Despite the sub-prime market's attractive returns, prices have not fallen as others come in.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
Europe has not yet escaped sub-prime because people hold hefty mortgages that they cannot walk away from.
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U.S. lending practices, spurred by short-term gain, had banks lending to sub-prime borrowers with no money down.
Last month, National City , also of Cleveland, said it would consider a sale of its First Franklin sub-prime unit.
Such a programme would be cheap, he says, because sub-prime lending is so concentrated in certain neighbourhoods.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
The impact of misrepresenting or miscalculating risk was felt in the sub-prime market and cascading global financial meltdown.
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Mr Sarbanes's law and the others may stop some of the most egregious practices of rogue sub-prime lenders.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
Providian lent extensively to sub-prime (high-risk) consumers and has been bitten by extraordinarily high charge-offs and delinquent loans.
The folks who got Fannie and Freddie into the sub-prime business (Daniel, etc.).
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If it does not, the sufferings of sub-prime lenders may make First Union wish it had stuck to banking.
And some of that was good, but unfortunately what you started seeing were what were called these sub-prime loans.
Capital One boasts an extensive customer data analysis system that helps keep its lending reasonable in the sub-prime category.
It had warned earlier in the year that it was struggling as thousands of its sub-prime borrowers battled with debt.
Other fancy lending schemes, such as sub-prime and interest-only mortgages, have been introduced to encourage poorer Americans onto the housing ladder.
The sub-prime crisis constitutes the most glaring example of this schizophrenic behavior, and our collective inability to understand or refrain it.
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