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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 ...

In a down mortgage lending market, subprime stays positive

Mortgage delinquencies have consistently dropped every quarter since Q4 2009. In the subprime risk tier this improvement was particularly noticeable, dropping to 18.62% from 20.44% over the same period last year. Mortgage originations decreased by 0.4% year-over-year, continuing a trend of declining originations since Q2 2017.  Consumer-level delinquencies continue to show consistent improvement, dropping every quarter since Q4 2009. Delinquencies declined to 1.7% in Q3 2018, compared to 1.9% at the same time last year. This was largely driven by drops in the near prime risk tier, where delinquencies dropped by 15% year-over-year, and the subprime risk tier which declined 9% year-over-year.  Of the largest MSAs, Seattle, New York, and Boston experienced the largest declines in delinquencies while Houston, Dallas, and St. Louis experienced the smallest declines in delinquencies.

“The decline in mortgage originations is likely the impact we’re seeing from a combination of rising interest rates, steep home prices appreciation, and limited starter home supply,” said Joe Mellman, senior vice president and mortgage business leader at TransUnion.

Black Homeowners See Home Values Rise Higher Than Other Groups After Subprime Mortgage Crisis

African-American homeowners who bought homes at the height of the crisis fared the worst. In 2007, the median white buyer lost about $8,000 more than comparable renters, but the median black buyer lost $19,000.

These losses are at least part of the reason homeownership among African-Americans is at the lowest we've seen since the Fair Housing Act (FHA) was passed 50 years ago. "Even though stronger regulations have been put in place, it may take some time before some [black home buyers] regain confidence in the housing market," said Dan Immergluck, the GSU professor who led the research.

Perhaps the only silver lining in the study was the fact that African-American home owners who held onto their homes in 15 metro areas also saw some of the highest rates of property appreciation of all racial groups.

Home values rise for black homeowners

"In stronger-market metros, black buyers have tended to do fairly well since the recovery began," said Immergluck. To help put that in context, between 2012 and 2017, the median black homeowner saw their home's value rise by 38.2% compared to the 29.9% increase seen by white homeowners. It’s worth noting that the rise in home values has been particularly strong in diverse neighborhoods, as opposed to neighborhoods that are predominately African-American. This holds true across income brackets and tells a bittersweet story for the African-American community.

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.