Tuesday, Feb 12, 2008
area next to be affected in the coming months
dandodiary: There are also concerns that problems in the subprime mortgage industry could spread to auto and truck loans.
There are also concerns that problems in the subprime mortgage industry could spread to auto and truck loans. As discussed in a November 20, 2007 Associated Press article entitled "Analysts Fear Auto Loans Next Problem" (here), the major auto and truck lenders are already experiencing rising delinquency levels. One analyst is quoted as saying that there is no question that the mortgage woes will spill into car and truck financing. "The only question is how big a worry it is."
Posted by chris @ 06:26 AM (254 views) Add Comment
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