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Glossary entry (derived from question below)
English term or phrase:
sub prime real estate lending businesses
Portuguese translation:
negócios de empréstimos imobiliários de risco
Added to glossary by
Humberto Ribas
Aug 13, 2007 12:35
17 yrs ago
English term
Brazil
Teresa Cristina Felix de Sousa
Technical Translation Specialist
Native in: Portuguese
Works in: English to Portuguese
sub prime real estate lending businesses
English to Portuguese
Bus/Financial
Business/Commerce (general)
Empreendedorismo
Bank of America reported operating earnings of $8.04 bil¬lion, or $4.95 per share (diluted), which excludes the charges incurred to exit the auto leasing and sub prime real estate lending businesses
sub prime real estate lending businesses = empresas que financiam (financeiras) imóveis abaixo da taxa prime?
sub prime real estate lending businesses = empresas que financiam (financeiras) imóveis abaixo da taxa prime?
Proposed translations
(Portuguese)
| 2 | negócios de empréstimos imobiliários de risco |
Humberto Ribas
|
| 4 | negócios imobiliários de sgunda linha/de segundo nível |
Fjfjcbv hjfjh
|
Change log
Aug 13, 2007 17:27: Humberto Ribas changed "Edited KOG entry" from "<a href="/profile/20101">Teresa Cristina Felix de Sousa's</a> old entry - "sub prime real estate lending businesses"" to ""negócios de empréstimos imobiliários de risco""
Proposed translations
6 mins
Humberto Ribas
Brazil
Brazil
Native in Portuguese
Brazil
fast, accurate, reliable, professional
Native in: Portuguese 
Works in: English to Portuguese, Spanish to Portuguese, Portuguese
Related KudoZ points
:
67
Selected
negócios de empréstimos imobiliários de risco
being below a prime rate: banks engaging in subprime lending.
Subprime lending, also called B-Paper, near-prime, or second chance lending, is a general term that refers to the practice of making loans to borrowers who do not qualify for the best market interest rates because of their deficient credit history. Subprime lending is risky for both lenders and borrowers due to the combination of high interest rates, poor credit history, and murky financial situations often associated with subprime applicants. A subprime loan offered at a rate higher than A-paper loans due to the increased risk.
Subprime lending encompasses a variety of credit instruments, including subprime mortgages, subprime car loans, and subprime credit cards, among others. The term "subprime" refers to the credit status of the borrower (being less than ideal), not the interest rate on the loan itself.
Subprime lending remains highly controversial. Opponents have alleged that the subprime lending companies engage in predatory lending practices such as deliberately lending to borrowers who could never meet the terms of their loans, thus leading to default, seizure of collateral, and foreclosure. Proponents of the subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.[1]
The controversy surrounding subprime lending has expanded as the result of an ongoing lending and credit crisis both in the subprime industry and in the greater financial markets which began in the United States. This phenomenon has been described as a financial contagion which has led to a restriction on the availability of credit in world financial markets. Hundreds of thousands of borrowers have been forced to default and several major subprime lenders have filed for bankruptcy.
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Note added at 8 mins (2007-08-13 12:44:33 GMT)
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The term "subprime" refers to the credit status of the borrower (being less than ideal), not the interest rate on the loan itself.
Subprime lending, also called B-Paper, near-prime, or second chance lending, is a general term that refers to the practice of making loans to borrowers who do not qualify for the best market interest rates because of their deficient credit history. Subprime lending is risky for both lenders and borrowers due to the combination of high interest rates, poor credit history, and murky financial situations often associated with subprime applicants. A subprime loan offered at a rate higher than A-paper loans due to the increased risk.
Subprime lending encompasses a variety of credit instruments, including subprime mortgages, subprime car loans, and subprime credit cards, among others. The term "subprime" refers to the credit status of the borrower (being less than ideal), not the interest rate on the loan itself.
Subprime lending remains highly controversial. Opponents have alleged that the subprime lending companies engage in predatory lending practices such as deliberately lending to borrowers who could never meet the terms of their loans, thus leading to default, seizure of collateral, and foreclosure. Proponents of the subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market.[1]
The controversy surrounding subprime lending has expanded as the result of an ongoing lending and credit crisis both in the subprime industry and in the greater financial markets which began in the United States. This phenomenon has been described as a financial contagion which has led to a restriction on the availability of credit in world financial markets. Hundreds of thousands of borrowers have been forced to default and several major subprime lenders have filed for bankruptcy.
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Note added at 8 mins (2007-08-13 12:44:33 GMT)
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The term "subprime" refers to the credit status of the borrower (being less than ideal), not the interest rate on the loan itself.
4 KudoZ points awarded for this answer.
Comment: "Tks a ton
T."
17 mins
negócios imobiliários de sgunda linha/de segundo nível
"A sub-prime lender is one who lends to borrowers who do not qualify for loans from mainstream lenders. Some are independent, but increasingly they are affiliates of mainstream lenders operating under different names"
Reference:
http://www.mtgprofessor.com/A%20-%20Type%20of%20Loan%20Provider/what_is_a_sub-prime_lender.htm
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