Volume 2014 - Number 29
July 24, 2014
As Subprime Auto Lending Heats Up, Losses Are Trending Higher on Securitizations, Ratings Stable
Subprime auto lending is just about back to the levels seen before the financial crisis, with increased ABS issuance volumes, somewhat higher credit losses and more credit enhancement to offset declining ABS credit quality, according to new research from Standard & Poor’s Rating Services. While newer subprime auto ABS have more credit risk, ratings are expected to remain stable. During an S&P webinar this week, Amy Martin, a senior director at the rating service, pointed out...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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