The Lender of Subprime Auto Loans Could Become The ProblemMark Melin
There is a problem for investors reminiscent of the 2008 housing crisis, lawyer Joe Cioffi warns. After studying the securitization surrounding subprime auto loans a risky situation may be about to come to a head, one not entirely focused on the borrower. This time Cioffi is warning about who is doing most of the risky lending.
As defaults rise, the focus on who is doing subprime auto loans is a concern
Subprime auto debt is rising . . .
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