Sentence examples for failed subprime from inspiring English sources

Mnuchin, a veteran Wall Street investor, has also come under fire for his 2009 purchase of failed subprime mortgage lender IndyMac from the federal government.

In 2009, Mnuchin led a purchase of failed subprime mortgage lender IndyMac, which was ground zero for some of the worst lending abuses.

H&R Block's former chief executive, Mark A. Ernst, who oversaw the tax preparer's failed subprime lending strategy, will receive a cash severance of $2.55 million and full vesting on 762,925 stock options, the company disclosed Monday.

They do not own physical property, like mall developer Simon Property Group, or originate loans, like many failed subprime companies.

Still another major CCX shareholder was ShoreBank, a small Chicago bank that once teetered on the edge of bankruptcy due to failed subprime mortgage investments.

Smyth's appointment comes about eight months after former CEO Mark A. Ernst Mark A. Ernst, who oversaw the tax preparer's failed subprime lending strategy, resigned last fall following the election of activist shareholder Richard Breeden Richard Breeden to the board of directors.

Carrington, part-owned by failed U.S. subprime lender New Century, has offered investors an 18percentt interest rate on new preferred shares it plans to issue, according to the report.

It was a set of sure-to-fail subprime mortgage securities that Goldman Sachs created exclusively for rich investor John Paulson.

But as the market tumbled and the subprime outfits failed, F.H.A. loans became the next best thing.

They failed badly in the subprime boom and the big three outfits Moody's, Standard & Poor's and Fitch have a dominant market position.

Then again, New Century's executives were hardly the only ones who failed to predict the subprime crash; Alan Greenspan and Ben Bernanke didn't, either.