Subprime Auto Loans Blow Up, Get Very Messy by Wolf Richter • May 5, 2020 • 159 Comments With 30 Million Unemployed, Even Prime Loans Will Get Messy
Subprime Credit Card Delinquencies Spike to Record High, Past Financial-Crisis Peak, as Other Consumers Relish the Good Times. Why? by Wolf Richter • Feb 22, 2020 • 170 Comments I’m not worried about banks or investors in subprime-credit-card backed securities. If they take a beating, fine. But what does this bifurcation tell us about consumers?
Subprime Auto Loans Explode, “Serious Delinquencies” Spike to Record. But There’s No Jobs Crisis, These Are the Good Times by Wolf Richter • Feb 11, 2020 • 156 Comments Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
The Holy-Cow Moment for Subprime Auto Loans; Serious Delinquencies Blow Out by Wolf Richter • Nov 13, 2019 • 176 Comments But it’s Even Worse Than it Looks. And this time, there is no jobs crisis. This time, it’s the result of greed by subprime lenders.
Subprime Auto Loans Blow Up, 60-Day Delinquencies Shoot Past Financial Crisis Peak by Wolf Richter • Oct 25, 2019 • 123 Comments Santander Consumer USA is on the forefront of souring subprime-auto-loan backed securities.
Subprime Auto Loans Blow Up, Delinquencies at 2009 Level, Biggest 12-Month Surge Since 2010 by Wolf Richter • Aug 13, 2019 • 99 Comments But these are the good times. Automakers are not amused.
Subprime Bites: Auto-Loan Delinquencies Spike to Q3 2009 Level, Despite Strongest Labor Market in Years by Wolf Richter • May 15, 2019 • 80 Comments But what will happen to banks and automakers when the cycle turns?
Subprime Arrives: Auto-Loan Delinquencies Spike to Great Recession Levels by Wolf Richter • Feb 12, 2019 • 99 Comments “A development that is surprising during a strong economy and labor market”: New York Fed
Canada Has a Subprime Real Estate Problem, You just Don’t Know It by Stephen Punwasi • Jun 15, 2018 • 57 Comments Subprime goes to the Toronto condo market.
Uber Gets Run Over by its Own Subprime Auto Leases by Wolf Richter • Aug 9, 2017 • 162 Comments Layoffs and massive losses loom.
