Word: financees
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The financial crisis was supposed to ring the death knell for companies that make loans to people who have had problems with debt. But a year and a half later, so-called subprime lending is alive and well. What's more, fears that increased regulation following the credit crisis would...
The lone exception is housing. Mortgage brokers say it is still hard for individuals with bad credit to get home loans. The subprime home loan market peaked in 2005, according to the publication Inside Mortgage Finance. That year, thousands of lenders and mortgage brokers handed out $625 billion in mortgages...
"We're back to where the subprime market started out 25 years ago," says Inside Mortgage Finance's publisher, Guy Cecala. "If you can't put 30% down on your house, you're not going to get a loan."
“This year, companies feel like the economy is stabilizing,” Mount said. “We definitely see that in the finance sector the work is coming back.”
And to make things worse, when Massa turned from discussing his own woes to the machinations of Washington, he offered ideas that have no place in Fox News's tightly regulated framework. Massa suggested that Beck and other Americans demand "campaign finance reform" to curb the corruption on Capitol Hill...