He has previously worked in prime and sub-prime lending
, as well as equity release lending as a senior underwriter and operations manager at companies such as Stonehaven UK Limited, Platform Home Loans and Barclays Bank (LSE: BARC) (NYSE: BCS) Woolwich Plc.
It shows that sub-prime lending
is just one percentage point lower than it was in 2008 at the start of the auto industry crisis even as the average prime-lending credit score is almost back to 2008 levels.
Boasting a tremendous worldwide network of clients both wholesale and retail, a substantial floor plan credit line,direct prime and sub-prime lending
sources for retail clients of all credit types.
The banking giant added that while bad debt charges were higher than a year earlier, they were lower than the previous quarter and slightly below levels expected in the US - a key market given its exposure to sub-prime lending
2 /PRNewswire/ -- In recent months, the sub-prime lending
market has collapsed, as many borrowers can no longer afford their monthly payments.
Higher borrowing costs and a rise in sub-prime lending
meant the number of UK homes being repossessed jumped in the first half of 2007, according to figures released yesterday.
The insanity of the sub-prime lending
spree must have reached its peak when a California mortgage broker persuaded a seventy-year-old woman to take a mortgage requiring payment of $2,200 a month, when her income was less than half of that.
For borrowers, the key to taking advantage of the fertile market for sub-prime lending
is working with a mortgage broker familiar with sub-prime lenders, many of which have wholesale operations only and cannot be directly approached by borrowers.
Carl Geuther, WMC's chief financial officer, said the company will emphasize its sub-prime lending
The previously dismissed sub-prime lending
situation has roiled credit markets and although the potential ripple effect is recognized, its magnitude is still unclear.
Tucker has been involved in sub-prime lending
since its infancy.
com/reports/c58756) has announced the addition of Datamonitor's new report: An Overview To Sub-Prime Lending
In Western Europe 2007 to their offering.