Subprime market

Subprime market

Refers to the market for subprime loans, subprime mortgages and their securitized forms such as MBS, asset-backed securities, CDOs, etc.
References in periodicals archive ?
When lending standards tightened after the subprime market crashed in the middle of 2007, three types of potential borrowers could no longer obtain a mortgage loan: borrowers who would have gotten a subprime loan had the subprime market continued to exist, borrowers with subprime mortgages who needed to refinance into loans with better terms, and borrowers who could not afford large down payments but were otherwise creditworthy.
The subprime market, which was extremely lucrative before it collapsed, involved banks selling and reselling mortgages to customers and themselves, which ultimately turned out to be junk and not worth as much as people thought they were.
It says S&P delayed updating its ratings models, rushed through the ratings process and was fully aware that the subprime market was flailing even as it gave high marks to investments made of subprime mortgages.
com, is the revival of the subprime market, which accounted for a quarter of all new auto loans in the second quarter of 2012, up from a second quarter low of 17.
a provider of thin-file and underbanked consumer data reporting, with custom analytics via Exper-ian's Precise ID [sm] platform to help the company further penetrate the subprime market with its new Clear Sub-prime ID Fraud [TM] solution.
Sprenger has joined Deutsche Bank in 2004, and was responsible for building and running the ABS Correlation platform focused on the US subprime market.
6 billion profit in 2007, and some critics say that's because the firm banked on the subprime market declining, even as their clients bought up subprime mortgage-backed securities.
This case is designed to elicit a discussion on the ethics of lending in the subprime market.
Summary: A healthy suspicion of the subprime market appears to have paid off, as Lebanese banks flourish in the face of the global economic crisis.
This is one area where there was a significant difference between the two countries, both in the size and nature of the subprime market and in the fraction of mortgages securitized.
One of the most troubling aspects of the subprime market is the role of predatory lenders.
For Societe Generale, the rogue-trading scandal, coupled with substantial losses related to the collapse of the subprime market, has caused company stocks to drop almost 30% since the beginning of 2008.