Auto Originations Hit 10-Year High, Subprime Loans Fuel Growth; Party About Over?
MishTalk
NOVEMBER 19, 2015
A New York Fed study notes a huge surge in subprime auto loans after taking into account a newer, more accurate methodology. Loans to borrowers with credit scores below 660 are the highest since 2005. The new approach takes into consideration new originations as opposed to new accounts. Nonetheless, some banks have become concerned.
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