Current amount of subprime paper is ‘probably a good thing’

Posted by crosbyru - November 10, 2016 - Industry News - No Comments

Current amount of subprime paper is ‘probably a good thing’

CHICAGO — With subprime paper representing only about 16 percent of the total outstanding auto finance balance figure TransUnion reported for the third quarter, the bureau’s top industry analyst indicated that’s not too much lower-end paper currently in portfolios.

“Overall, it’s probably a good thing,” Jason Laky, senior vice president and automotive and consumer lending business leader for TransUnion, said about the latest subprime balance figure that grew by 11.4 percent year-over-year.

“The reason I say that is … Read more

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Current Amount Of Subprime Paper Is ‘probably A Good Thing’
Current Amount Of Subprime Paper Is ‘probably A Good Thing’
Current Amount Of Subprime Paper Is ‘probably A Good Thing’
Current Amount Of Subprime Paper Is ‘probably A Good Thing’
Current Amount Of Subprime Paper Is ‘probably A Good Thing’

Current Amount Of Subprime Paper Is ‘probably A Good Thing’

Current Amount Of Subprime Paper Is ‘probably A Good Thing’

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