Sentences with phrase «hold subprime auto loans»

Although the impact on the larger financial sector may be muted, there are over 23 million consumers who hold subprime auto loans.

Consumer borrowers owe $ 1.2 trillion in auto loans debt, and there are 23 million Americans who currently hold subprime auto loans.

Not exact matches

Despite the drop off in subprime loans, borrowers with the lowest credit ratings still hold over $ 210 billion in auto loan debt or about 20 percent of the $ 1.1 trillion in total outstanding debt.

Outstanding subprime auto debt (classified in the chart below as debt held by borrowers with origination credit scores under 620) now stands at about $ 300 billion... Since 2011, the overall delinquency rate of loans originated by auto finance companies has significantly deteriorated.