Subprime Auto-Loan Delinquencies Rise to 2019 Levels: a Dive into Subprime Lending and Securitizations
by Wolf Richter, Wolf Street: Surge of delinquencies not caused by unemployment, but by taking Big Risks, hoping for Big Profits, and getting slapped, just as in 2019. Delinquencies of subprime auto loans have bounced off the stimulus-fueled low levels during the pandemic, when borrowers got caught up on their auto loans with the money […]
Source: https://www.sgtreport.com/2023/01/subprime-auto-loan-delinquencies-rise-to-2019-levels-a-dive-into-subprime-lending-and-securitizations/
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