Subprime Lending
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The U.S. housing market will see no surge at the start of spring, as fewer buyers signed contracts to purchase existing homes in February.
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Adam Slater, managing director at Laxfield Capital, tells CNBC that their program will lend outside of prime central London but will focus on good quality properties with resilient valuations.
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Faced with heavy competition from a hot rental market, some of the nation’s home builders are turning some of their resources to building multi-family, rental apartment buildings.
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"The greatest concern in the market is the inventory situation," said Lawrence Yun, chief economist for the National Associate of Realtors.
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New rules could make mortgage servicing more expensive, especially for those specialty servicers and level the playing field between them and the big bank servicers.
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For nine straight months, national home prices have been in the positive, and the gains are only getting larger.
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This new asset class could offer all kinds of investors a chance to get in on an old and well-tested source of revenue.
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Fannie Mae and Freddie Mac exacerbated the mortgage crisis and that's why the government should get out of the home loan business, former Wells Fargo CEO Richard Kovacevich told CNBC.
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A $10 billion settlement to resolve claims of foreclosure abuses by major lenders is expected to be announced on Monday, sources said Sunday. The New York Times reports.
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Despite the overall drop in foreclosures, a huge backlog of homes already in the foreclosures process are finally going back to the banks in big numbers.
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FHA is short $56 billion in reserves, with Stephen Meister, Meister, Seelig & Fein; and SEIU activists are protesting outside Los Angeles Airport, with Mary Kay Henry, SEIU International president.
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The housing recovery can't gather steam until tight-fisted banks loosen tough lending standards put in place after the worst housing crisis since the Great Depression.
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Capital and liquidity rules for the biggest UK banks have been quietly relaxed in an effort to stimulate lending, a move that puts Britain at the forefront of a global experiment to use bank regulation to moderate the economic cycle.
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The concerns about municipal finances are overdone, Alexandra Lebenthal, CEO of Lebenthal & Company, told CNBC’s “Closing Bell” on Friday.
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Despite concerns about ballooning public pension expenses, municipal defaults are still relatively low, Alexandra Lebenthal, Lebenthal & Company president and CEO, told CNBC’s “Squawk Box” on Thursday.
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The U.S. housing market is showing signs of recovery and investors should be looking at non-agency mortgages, the very asset class that prompted the global financial crisis, according to Gregory Perdon, Co-Chief Investment Officer at Arbuthnot Latham & Co.
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About 19 percent of all auto loans are subprime or deep subprime, according to Experian. CNBC's Phil LeBeau reports.
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CNBC's Rick Santelli and Phil LeBeau discuss pursuing profit in subprime auto lending.
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CNBC's Herb Greenberg reports on a subprime lender charging up to 204 percent on its loans.
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Josh Birnbaum, Tilden Park Capital founder & CIO, explains how his trades against the U.S. subprime mortgage market in 2007 made nearly $4 billion for Goldman Sachs, and weighs in on how to play a housing recovery.
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The average new car auto loan grew as consumers are expanding the length of their loan, reports CNBC's Phil LeBeau.