Subprime Auto Pools Weakening–S&P

17 Sep 2013

Delinquency rates are rising in some subprime auto pools as rapidly growing lenders compete for market share, according to Standard & Poor’s.

Delinquency rates are rising in some subprime auto pools as rapidly growing lenders compete for market share, according to Standard & Poor’s.

Competition between lenders in the space is translating into relaxed lending standards, analysts at the firm wrote in a recent report. They added that credit enhancement ...

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