Argent Mortgage Company
E1004370
Argent Mortgage Company was a major U.S. subprime mortgage lender that played a significant role in the housing boom leading up to the 2008 financial crisis.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Argent Mortgage | 1 |
Statements (29)
| Predicate | Object |
|---|---|
| instanceOf |
financial services company
ⓘ
mortgage company ⓘ subprime mortgage lender ⓘ |
| associatedWith |
2007–2008 global financial crisis
ⓘ
U.S. subprime mortgage crisis NERFINISHED ⓘ |
| businessModel | originating subprime mortgages for securitization ⓘ |
| businessOutcome | collapsed during the subprime mortgage crisis ⓘ |
| consequenceOfCollapse | contributed to losses in mortgage-backed securities markets ⓘ |
| contributedTo | growth of subprime mortgage-backed securities ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| impact |
amplified housing market volatility in the United States
ⓘ
increased default and foreclosure rates among subprime borrowers ⓘ |
| industry |
mortgage lending
ⓘ
subprime lending ⓘ |
| knownFor |
aggressive subprime lending practices
ⓘ
rapid growth during the U.S. housing bubble ⓘ |
| loanTypeOffered |
adjustable-rate mortgages
ⓘ
high loan-to-value mortgages ⓘ interest-only mortgages ⓘ |
| marketPosition | one of the major U.S. subprime mortgage lenders before 2007 ⓘ |
| operationalFocus | origination of loans for sale into secondary mortgage markets ⓘ |
| playedRoleIn |
U.S. housing boom of the early 2000s
ⓘ
subprime mortgage boom before the 2008 financial crisis ⓘ |
| product |
home mortgage loans
ⓘ
subprime mortgages ⓘ |
| regulatoryContext | operated in lightly regulated U.S. mortgage market prior to 2008 crisis ⓘ |
| riskProfile | high credit risk loan portfolio ⓘ |
| targetCustomer |
borrowers with limited documentation of income
ⓘ
borrowers with weak credit histories ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Argent Mortgage