Lax Lending Standards Could End Up Fueling Sudden Acceleration in … - Wall Street Journal

Lax Lending Standards Could End Up Fueling Sudden Acceleration in … Wall Street Journal - Jan 15, 2008 There is growing evidence that standards also came down for auto loans, and rapidly rising default rates could be the next dilemma for the staggering … Friedman Billings Downgrades AmeriCredit (ACF) to Underperform StreetInsider.com (subscription) all 2 news articles

All's Not Well - Barron’s

All's Not Well Barron’s - Jan 15, 2008 Wells Fargo has approximately $28 billion of auto loans (8% of total loans), approximately 30% of which have a FICO [credit score] below 620. …

Banks suffer heavy losses on auto loans default - The News - International

Banks suffer heavy losses on auto loans default The News - International, Pakistan - 6 hours ago Many conventional banks have stopped or either slowed down auto finance because of the high rate of defaults. Analysts believe that recovery of auto loans …

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