Word: subbed
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Dates: during 1990-1999
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...making loans to people with damaged credit at interest rates that start at high and extend to very high and nosebleed. Depending on where you sit--whether you are the lender or the borrower--this is either an industry filling an underserved market, or legal usury. Often known as sub-prime finance, the sector is taking off in part because of sophisticated software that allows even onetime deadbeats to get loans approved in minutes over the phone or as they sit in the offices of mortgage brokers or car dealers. An even bigger factor in the explosion: people with lousy...
...Competition for down-market customers and the profits they generate is intensifying among big mortgage providers like GE Capital, Norwest Financial, KeyCorp, NationsBank and Chase Manhattan, not to mention heavily advertised smaller outfits like the Money Store (Dial 1-800-LOAN-YES). The total for sub-prime mortgages--a figure that is growing at twice the rate of conventional mortgages--is expected to exceed $120 billion this year. Another blistering market: sub-prime cash for new and used cars. Ford Motor Co.'s Associates Corp.; Mercury Finance, based in Lake Forest, Illinois; Credit Acceptance Corp. of Southfield, Michigan; and other...
...Tigers, winless in the league and owners of a sub-.500 mark, tried to out-tough the Crimson, but were met with little success as even a raucous crowd couldn't stifle the Crimson...
This year, the number rose by about 30 percent, to 120 concentrators, and students, faculty and alums praise the concentration for its interdisciplinary nature and the chance it offers to develop a sub-field of expertise...
They also say it is possible to graduate from the concentration with a broad base of knowledge but no expertise in a specific sub-topic, although they acknowledge that advisers do recommend that they take their concentration electives in one area...