Fifth Third intends to maintain its underwriting criteria amid elevated used-vehicle values as loan-to-value (LTV) ratios drop in its growing auto portfolio. LTVs dropped to 88% on the bank’s $16.8 billion auto book, a 3-percentage point decrease from Q4 2020 and flat from the third quarter, according to the bank’s earnings presentation. Fifth Third’s outstandings […]
Source : AutoFinanceNews
