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Flickr / David Hilowitz There have been No Shortage of Subprime Auto related articles featured in news outlets recently. Each of which has captured the renewed focus of the investment community on the industry’s trends in lending standards, loan performance and their subsequent effect on subprime auto ABS. The commentary written has primarily highlighted a […]
AP Photo/Mark Duncan Auto loans to consumers who have very low credit scores and may not be able to pay them back are starting to worry Wall Street. Many auto loans, including those considered subprime, are securitized and sold to investors. But Morgan Stanley recently reported that the share of auto securities tied to “deep […]
Enlarge (credit: jon collier) The Federal Trade Commission is investigating an auto lender that often requires subprime borrowers to have so-called GPS starter-interrupter devices enabled on purchased vehicles. The so-called kill switches, which can monitor a vehicle’s constant whereabouts, also have the remote ability to shut a car off and to prevent a car from […]
