Deep subprime loan terms fall to 8-year low


Loan terms fell to an eight-year low in October across deep subprime asset-based securities (ABS) transactions in tandem with a dip in loan balances as lenders tightened their underwriting standards in preparation for recessionary economic conditions.  Loan balances across nearly every credit segment, excluding deep subprime loans, have risen from 2019 to October along with […]

Source : AutoFinanceNews