Deep Subprime’ Auto Loans Are Surging

‘Deep Subprime’ Auto Loans Are Surging A salesman speaks to a potential car buyer at a dealership in Los Angeles, Calif. Photographer: Patrick T. Fallon/Bloomberg About a third of the risky car loans that are bundled into bonds are considered “deep subprime,” a level that has surged since two thousand ten and is translating to […]