Subprime
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May 24, 2012 at 03:16 | Source: Economic Times
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Sales of subprime motor debt are climbing in a sign that one key area of the consumer credit market is recovering from the financial crisis with investors attracted by higher returns in the current low-yield environment. Sales of bonds that pool subprime ...
May 24, 2012 at 22:10 | Source: Financial Times
Car dealer David Kelleher of Glen Mills, Pa., says lately he's growing accustomed to a new kind of customer: lawyers, doctors and other high-salaried professionals who are now considered subprime credit risks. As the current chairman of the ...
May 24, 2012 at 19:11 | Source: Huffington Post
Join a video broadcast on Wednesday, June 27th and learn how to calculate subprime exposure in your bank using the new proposed rule. How will subprime be calculated and how much subprime is in your portfolio now? For the first time, hear directly from the ...
May 25, 2012 at 17:15 | Source: American Banker Online
Galpin Motors Inc. is aggressively pursuing the subprime market. On June 1 the dealership plans to launch a used-vehicle department focused solely on selling to customers with subprime credit scores, says Andy Graff, vice president of sales at ...
May 16, 2012 at 03:57 | Source: Automotive News
Citigroup Inc. (C), the third-biggest U.S. bank, agreed to pay $3.5 million to resolve regulatory claims that it gave investors inaccurate data for subprime mortgage-backed securities as the housing market collapsed. The bank posted incorrect ...
May 22, 2012 at 17:54 | Source: Bloomberg
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May 25, 2012 at 14:09 | Source: SmartBrief
May 22 - Fitch Ratings has taken the following rating actions for Homeward Residential's (Homeward) U.S. Residential Servicer ratings as follows: --Primary Subprime servicer rating upgraded to 'RPS2-' from 'RPS3+'; Outlook Positive ...
May 22, 2012 at 18:59 | Source: Reuters
American International Group Inc. (AIG), the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it’s different. Chief Executive Officer Robert Benmosche has ...
May 16, 2012 at 04:04 | Source: Bloomberg
Led by John Paulson, whose subprime short is the stuff of legend, these men became the new rock stars of the investment world. Other subprime winners included Phil Falcone of Harbinger Capital Management, John Burbank of Passport Capital, Steve Eisman ...
May 26, 2012 at 14:15 | Source: New York Post
The average credit score for new- and used-car buyers has taken a fall since the days of the financial crisis in 2008. It's fallen especially in the last two quarters. Brands such as Kia and Dodge are gobbling up a disproportionate number of subprime buyers.
May 28, 2012 at 09:48 | Source: Marketplace.publicradio.org