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Credit Markets Just Hit an Ominous Crisis Era Record

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Credit Markets Just Hit an Ominous Crisis Era Record

(New York)

We have been covering the development of the subprime auto loan market for a while now as it has eerie echoes of the buildup in mortgage debt prior to the Crisis. Well, the market has just hit another ominous record-delinquency rates on so-called "deep subprime" loans have just matched the level they hit in 2007, according to Equifax. Lending standards have continually fallen in recent years leading to very poor performance in recent loans.

FINSUM : The good news here is that this sector is much smaller than the mortgage market, so when it blows up it will likely be an isolated event.

  • credit
  • auto loans
  • subprime
  • financial crisis

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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