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>> LENDING Latest News

JUN 13, 2014 - Zero Hedge

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The Subprime Auto-Lending Credit Bubble Is Bursting

Submitted by Pater Tenebrarum of Acting-Man blog, Sub-Prime Car Loans See a 'Sudden Jump in Late Payments' We have commented a few times on the slightly diffuse character of the echo bubble, which has infected a great many nooks and crannies of the economy. One of the areas which has experienced an enormous boom was the sub-prime auto loan sector. It seems however that the party in this sub-sector of the bubble economy is in the process of ending. According to Bloomberg: “A three-year lending boom to car buyers with spotty credit that helped push auto sales to a six-year ... Read More

Tags: The Subprime Auto-Lending Credit Bubble Is Bursting,  Lending Latest News