Sentences with phrase «subprime auto market»

Not exact matches

Trillions of dollars in student and auto loan industry (auto loan now has subprime loans, just like back in 2007/2008 with the housing market) could cause the market to come crashing down again.

«Subprime auto is sort of the new hot place to get into the securities market,» Chris Kukla, executive vice president at the Center for Responsible Lending, told Bloomberg News.

In a blog post accompanying the report, New York Fed economists including Lee said subprime auto lending is «definitely on the rise,» a change in the consumer lending market that they will keep monitoring.

«We've got the subprime auto bubble, a housing bubble started, the stock market in a bubble, the risk assets all in a bubble.

Lenders may cut standards more to grab market share as the pace of auto sales slow and the number of subprime borrowers stops expanding, the rating firm said.

There's a section of the auto - loan market — known in industry parlance as deep subprime — where delinquency rates have ticked up to levels last seen in 2007, according to data compiled by credit reporting bureau Equifax.

Third - quarter reports show subprime vehicle loans represent a smaller percentage of the auto loan market compared to the past five years.

Oblivious to the recent debacle in subprime home lending, auto lenders have worked hard to develop the subprime (borrowers with credit scores below 640) auto loan market, offering seven and eight year loans and other strategies designed to make monthly payments low.

To make matters worse, the alternative available to you — the subprime lending in the auto market — might not seem too appealing because of what the public thinks and says about it.

Unfortunately, the lower scores of African Americans and Latinos are not a surprise, both because of the legacy of discrimination and because these groups have been disproportionately affected by predatory credit practices such as the marketing of subprime mortgages, overpriced auto loans as well as higher foreclosure rates, all of which damage their credit history.

For one thing, these groups are already disproportionately affected by predatory credit practices, such as the marketing of subprime mortgages and overpriced auto loans targeted at these populations.11 As a result, these groups have suffered higher foreclosure rates.12 African Americans and Latinos also suffer from disparities in health outcomes, and as discussed in Section IV of this testimony, health care bills are another source of black marks on credit reports.

Such examples of distress underscore the broader strains within the subprime auto loan market.

While the pain from an imploding subprime auto loan market would be much less than what ensued from the housing crisis, the economy is still on relatively fragile footing, and losses could ultimately stall the broader recovery for millions of Americans.

«The consumer credit markets have been functioning extremely well the last few years, but an increase in subprime lending has begun to impact delinquency levels for some industries, specifically the auto finance and credit card markets,» said TransUnion's Nidhi Verma in a news release.

There have been reports recently about how the subprime auto lending market is the very similar to the subprime mortgage crisis and could very well be the next bubble.

If the crash has to do with some specific industry segment (for example, subprime auto loans), you could see rents in certain market segments get worse, where some rents stay stable.