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Subprime mortgage holders three times more likely to be in arrears
http://www.independent.ie/business/irish/subprime-mortgage-holders-three-times-more-likely-to-be-in-arrears-29943912.html
Subprime mortgage holders three times more likely to be in arrears Some 17pc of the value of mortgage accounts across all the lenders and banks are in arrears, but for subprime lenders more than half of the value of mortgages issued have arrears on the accounts, Finance Minister Michael Noonan told Fianna Fail's

K12, Inc. attracts Wall Street criticism, compared to subprime mortgages
http://pulse.ncpolicywatch.org/2014/01/24/k12-inc-s-business-model-meets-wall-street-criticism-compared-to-subprime-mortgages/
“K12 reminds me of the subprime mortgage lenders and for-profit colleges when they were flying high – and the ending will be similar I believe,” Tilson wrote in an email to Business Insider, who posted his entire slide presentation here. Tilson, also

The Next Subprime 'Time Bomb' Is Ticking (Here's How You Could Profit from It)
http://www.dailyfinance.com/2014/01/02/next-subprime-time-bomb-car-loans/
The Numbers Behind the Looming Bust I have started to see more and more advertising for this type of lending, raising the question of whether the subprime auto loan market will explode like the subprime mortgage market. I wondered, if this situation is

CONN'S, Inc. (CONN): Conn's Is Creating A New Subprime Lending Bubble
http://seekingalpha.com/article/1935701-conns-is-creating-a-new-subprime-lending-bubble
Conn's (CONN) is a fast growing retailer that is taking advantage of the propensity of most Americans to give in to the instant gratification of purchasing things before they can really afford them. Instead of saving up for a luxury item, or god forbid

Subprime Loans

Subprime Mortgage Lenders are in financial trouble because too many customers are defaulting on their loans. KRON4's Maureen Kelly finds that ...

Is a Subprime Auto Loan Crisis Brewing?

Christopher Peterson: It’s a complicated problem. And I should say, too, that I’m a lawyer, not an economist. But from a lawyer’s perspective, one of the things that I’ve noticed is that a lot of the reforms that we saw after the financial crisis never really touched the auto finance market, and I’m seeing some of the same kinds of disturbing practices that we saw in the run-up to the subprime crisis. I’m seeing those same things happening in a slightly different way in the auto market. So my concern is that there are a lot of sketchy practices and unaffordable loans that are being made. And in some ways, the chickens are coming home to roost now.

David Musto: I took a look at that Federal Reserve report and what you’re seeing here is really two things. Number one, people are buying more cars. Car sales have gone up, and the fraction that they finance has been about the same, so it’s just more car loans. And then the rate of loans going delinquent — 90-plus days in a car loan is about as bad as it gets. You are going to lose your car to repossession, probably, if you’re 90-plus days delinquent. That rate has crept up a little bit — it reached its very bottom of 3.25% about 4 and a half years ago, and now it’s 4.5%. So it’s that creeping up of the rate and just the ramping up of loans because people are buying more cars.

Are there any current subprime Mortgage lenders in NYS?

I have a credit score of 620 and my chapter 7 bankruptcy was discharged 5/08. Are there any subprime Mortgage Lenders is open in NY?


Even with your chapter 7 bankruptcy you might still find a lender that can be of assistance to you. It has been over 12 months.