Market anxiety around subprime auto sector growing
Market participants believe the performance of subprime auto loans is likely to deteriorate in the near term, a new survey published this week found.
A survey by Joseph Cioffi, partner at law firm Davis & Gilbert LLP, collected the views of nearly 100 originators, servicers, trustees and other market participants. Overall, at least 60% of respondents said near-term deterioration is very likely or somewhat likely. Originators had the most negative outlook, with