Lenders Target A New Subprime Market

Brokers work the phones to pitch high-rate small business loans

BING NEWS:
  • Bond yields on the rise, again
    Gold lost $3 on the day, and closed the day at $2,338.10... Silver, on the other hand gained 24-cents on the day to close at $32.17... Silver is definitely in a bull run right now, and as I've ...
    05/30/2024 - 12:24 am | View Link
  • One of the biggest U.S. lenders is offering 0%-down-payment mortgages for first-time home buyers. Here's the catch.
    Poor underwriting practices were a key driver of the subprime-mortgage crisis in the U.S., the International Monetary Fund wrote in 2008. But unlike the low- and no-down-payment loans that ...
    05/23/2024 - 8:51 pm | View Link
  • Zombie 2nd mortgages are coming to life, threatening thousands of Americans' homes
    Those loans originated back during the subprime-lending housing-bubble days of 2004 to 2008. In Maryland, where more detailed information was obtainable, NPR found at least 500 old second mortgages ...
    05/17/2024 - 8:19 pm | View Link
  • How does the prime interest rate affect you?
    Credit card lenders add a margin to the prime rate to arrive at your card's variable APR. The prime rate impacts the cost of credit on consumer loans, including credit card accounts, with the rates on ...
    05/17/2024 - 12:00 am | View Link
  • Fed's Powell downplays potential for a rate hike despite higher price pressures
    WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and he ...
    05/14/2024 - 11:15 am | View Link
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