Monday, October 5, 2009
Thursday, December 18, 2008
Subprime Lending:
Subprime lending (also known as B-paper, near-prime, non-prime, or second chance lending) generally refers to lending at a higher expectation of risk than that of A-paper, and generally accompanied by higher interest rates.
In the United States, mortgage lending specifically, the term "subprime" refers to loans that do not meet Fannie Mae or Freddie Mac guidelines. This is generally due to one or a combination of factors, including credit status of the borrower, income and job history, and income to mortgage payment ratio. The phrase also refers to bank loans taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and to certain types of self-employed persons. Subprime lending encompasses a variety of credit instruments, including mortgages, car loans, and credit cards.
A subprime loan may have less room for financial difficulties of the borrower, which can lead to late payments and defaults.
Stemming from the credit crunch, attention has been drawn to recent subprime lending practices. It has been suggested that some lenders engaged in predatory lending practices. More extreme allegations include deliberately targeting borrowers who could not understand what they were signing or lending to people who could never meet the terms of their loans. Many of these loans included exorbitant fees and hidden terms and conditions, and they frequently led to default, seizure of collateral, and foreclosure. There have been charges of mortgage discrimination on the basis of race.[1] While often defended on the basis of lending to borrowers with compromised credit histories, the Wall Street Journal reported in 2006 that 61% of all borrowers receiving subprime loans had credit scores high enough to qualify for prime conventional loans.[2]
Due to the extent and the magnitude of the lending and credit crisis, which has affected the greater financial markets, the controversy surrounding subprime lending has expanded.
Proponents of subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.
In the United States, mortgage lending specifically, the term "subprime" refers to loans that do not meet Fannie Mae or Freddie Mac guidelines. This is generally due to one or a combination of factors, including credit status of the borrower, income and job history, and income to mortgage payment ratio. The phrase also refers to bank loans taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and to certain types of self-employed persons. Subprime lending encompasses a variety of credit instruments, including mortgages, car loans, and credit cards.
A subprime loan may have less room for financial difficulties of the borrower, which can lead to late payments and defaults.
Stemming from the credit crunch, attention has been drawn to recent subprime lending practices. It has been suggested that some lenders engaged in predatory lending practices. More extreme allegations include deliberately targeting borrowers who could not understand what they were signing or lending to people who could never meet the terms of their loans. Many of these loans included exorbitant fees and hidden terms and conditions, and they frequently led to default, seizure of collateral, and foreclosure. There have been charges of mortgage discrimination on the basis of race.[1] While often defended on the basis of lending to borrowers with compromised credit histories, the Wall Street Journal reported in 2006 that 61% of all borrowers receiving subprime loans had credit scores high enough to qualify for prime conventional loans.[2]
Due to the extent and the magnitude of the lending and credit crisis, which has affected the greater financial markets, the controversy surrounding subprime lending has expanded.
Proponents of subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.
Subprime lending:
Subprime lending (also known as B-paper, near-prime, non-prime, or second chance lending) generally refers to lending at a higher expectation of risk than that of A-paper, and generally accompanied by higher interest rates.
In the United States, mortgage lending specifically, the term "subprime" refers to loans that do not meet Fannie Mae or Freddie Mac guidelines. This is generally due to one or a combination of factors, including credit status of the borrower, income and job history, and income to mortgage payment ratio. The phrase also refers to bank loans taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and to certain types of self-employed persons. Subprime lending encompasses a variety of credit instruments, including mortgages, car loans, and credit cards.
A subprime loan may have less room for financial difficulties of the borrower, which can lead to late payments and defaults.
Stemming from the credit crunch, attention has been drawn to recent subprime lending practices. It has been suggested that some lenders engaged in predatory lending practices. More extreme allegations include deliberately targeting borrowers who could not understand what they were signing or lending to people who could never meet the terms of their loans. Many of these loans included exorbitant fees and hidden terms and conditions, and they frequently led to default, seizure of collateral, and foreclosure. There have been charges of mortgage discrimination on the basis of race.[1] While often defended on the basis of lending to borrowers with compromised credit histories, the Wall Street Journal reported in 2006 that 61% of all borrowers receiving subprime loans had credit scores high enough to qualify for prime conventional loans.[2]
Due to the extent and the magnitude of the lending and credit crisis, which has affected the greater financial markets, the controversy surrounding subprime lending has expanded.
Proponents of subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.
In the United States, mortgage lending specifically, the term "subprime" refers to loans that do not meet Fannie Mae or Freddie Mac guidelines. This is generally due to one or a combination of factors, including credit status of the borrower, income and job history, and income to mortgage payment ratio. The phrase also refers to bank loans taken on property that cannot be sold on the primary market, including loans on certain types of investment properties and to certain types of self-employed persons. Subprime lending encompasses a variety of credit instruments, including mortgages, car loans, and credit cards.
A subprime loan may have less room for financial difficulties of the borrower, which can lead to late payments and defaults.
Stemming from the credit crunch, attention has been drawn to recent subprime lending practices. It has been suggested that some lenders engaged in predatory lending practices. More extreme allegations include deliberately targeting borrowers who could not understand what they were signing or lending to people who could never meet the terms of their loans. Many of these loans included exorbitant fees and hidden terms and conditions, and they frequently led to default, seizure of collateral, and foreclosure. There have been charges of mortgage discrimination on the basis of race.[1] While often defended on the basis of lending to borrowers with compromised credit histories, the Wall Street Journal reported in 2006 that 61% of all borrowers receiving subprime loans had credit scores high enough to qualify for prime conventional loans.[2]
Due to the extent and the magnitude of the lending and credit crisis, which has affected the greater financial markets, the controversy surrounding subprime lending has expanded.
Proponents of subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.
Monday, July 14, 2008
Hi ALL
HI this is Gopi!
How u r all doing!
Here I am posting some quotes which will enocourage us to work inspite of any Obsticles...
The man of wisdom is never of two minds;
the man of benevolence never worries;
the man of courage is never afraid.
Confucius
The first step in the acquisition of wisdom is silence, the second listening, the third memory, the fourth practice, the fifth teaching others.
Silence does not always mark wisdom.
No man was ever wise by chance.
Of all parts of wisdom the practice is the best.
Try not to become a man of success but a man of value.
Albert Einstein
Inspiration and genius--one and the same.
To find what you seek in the road of life,
the best proverb of all is that which says:
"Leave no stone unturned."
If you can imagine it, you can achieve it; if you can dream it, you can become it.
If you would create something,
you must be something.
Let thy (It means "mine"(It is old english)) words be few.
Happy are those who dream dreams and are ready to pay the price to make them come true.
The power of imagination makes us infinite.
First say to yourself what you would be;
and then do what you have to do.
It was a high counsel that I once heard given to a young person, "Always do what you are afraid to do."
We are what we repeatedly do. Excellence, therefore,
is not an act but a habit.
Experience is the child of thought, and thought is the child of action.
Do not wait to strike till the iron is hot; but make it hot by striking.
Fortune favors the brave.
How u r all doing!
Here I am posting some quotes which will enocourage us to work inspite of any Obsticles...
The man of wisdom is never of two minds;
the man of benevolence never worries;
the man of courage is never afraid.
Confucius
The first step in the acquisition of wisdom is silence, the second listening, the third memory, the fourth practice, the fifth teaching others.
Silence does not always mark wisdom.
No man was ever wise by chance.
Of all parts of wisdom the practice is the best.
Try not to become a man of success but a man of value.
Albert Einstein
Inspiration and genius--one and the same.
To find what you seek in the road of life,
the best proverb of all is that which says:
"Leave no stone unturned."
If you can imagine it, you can achieve it; if you can dream it, you can become it.
If you would create something,
you must be something.
Let thy (It means "mine"(It is old english)) words be few.
Happy are those who dream dreams and are ready to pay the price to make them come true.
The power of imagination makes us infinite.
First say to yourself what you would be;
and then do what you have to do.
It was a high counsel that I once heard given to a young person, "Always do what you are afraid to do."
We are what we repeatedly do. Excellence, therefore,
is not an act but a habit.
Experience is the child of thought, and thought is the child of action.
Do not wait to strike till the iron is hot; but make it hot by striking.
Fortune favors the brave.
Tuesday, January 29, 2008
Hi Friends
Whatever happened, it happened for good.
Whatever is happening, is happening for good.
Whatever that will happen, it will be for good.
What have you lost for which you cry?What did you bring with you, which you have lost?
What did you produce, which has destroyed?You did not bring anything when you were born.
Whatever you have, you have received from Him.Whatever you will give, you will give to Him.You came empty handed and
you will go the same way.
Whatever is yours today was somebody else’s yesterday and will be somebody else’s tomorrow.
Change is the law of the universe.
Whatever is happening, is happening for good.
Whatever that will happen, it will be for good.
What have you lost for which you cry?What did you bring with you, which you have lost?
What did you produce, which has destroyed?You did not bring anything when you were born.
Whatever you have, you have received from Him.Whatever you will give, you will give to Him.You came empty handed and
you will go the same way.
Whatever is yours today was somebody else’s yesterday and will be somebody else’s tomorrow.
Change is the law of the universe.
Sunday, January 13, 2008
Tuesday, January 1, 2008
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