Posts about "Auto Loans and ABS (20)"

Autocorrect? Lenders Pull Back from Subprime Auto Lending, Others Follow Riskier Course

A Federal Reserve blog post in November 2016 attracted widespread attention to subprime auto lending and the similarities easily drawn, at least on the surface, to subprime mortgage lending leading up to the financial crisis of 2008. The warnings of commentators who have sounded the alarm in the past six months have been rebutted at every turn, due mainly to the small footprint of the auto loan...

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