The study
noted that delinquency rates for online
loans have risen, and drew a parallel with rising late - payment rates in the
subprime mortgage market between 2001 and 2007.
According to the latest Senior
Loan Officer Opinion Survey on Bank Lending Practices, «significant numbers of domestic respondents reported that they had tightened their lending standards on prime, nontraditional, and
subprime residential
mortgages over the past three months; the remaining respondents
noted that their lending standards had remained basically unchanged.