Ameriquest

Housing Bubble Peaks as Predatory Subprime Lending Reaches Maximum, Setting Stage for Collapse

2006-07-01 00:00:00 +0000 UTC | Importance: 9/10

The U.S. housing bubble reaches its peak in mid-2006, with national home prices having risen 124 percent since 1997. Subprime mortgage originations hit $600 billion, representing 23 percent of all mortgage originations, up from 8 percent in 2003. The bubble’s apex represents the culmination of …

Countrywide Financial New Century Financial Washington Mutual Ameriquest Federal Reserve +1 more housing-bubble predatory-lending subprime-mortgages systemic-risk housing

Subprime Lending Explodes as Predatory Practices Spread to Minority Communities

2000-03-01 00:00:00 +0000 UTC | Importance: 8/10

Subprime mortgage lending reaches $160 billion annually by 2000, a tenfold increase from 1993, as predatory lenders systematically target minority communities with high-cost loans. Rather than expanding homeownership, research shows that subprime lending at this scale actually causes net losses in …

Household Finance Corporation Associates First Capital Citigroup Ameriquest National Association of Mortgage Brokers predatory-lending housing-policy racial-discrimination subprime-mortgages housing