The 60-day delinquency rate on U.S. subprime auto loans has surged to a record 6.9 percent.

Behind the rapid growth were claims prosecutors say didn’t add up.

Saying the subprime sector “had a mixed year,” S&P Global Ratings reported that U.S. auto loan ABS issuance volume reached a ...

Carvana (NYSE: CVNA) is down 15.1% over the past week, extending a brutal month that has seen shares fall 25.2% since ...

Subprime auto loans — loans for borrowers with bad credit or no credit history to help them buy a car — are big business in the U.S. According to Kelley Blue Book, citing Cox Automotive data, subprime ...

The latest Equifax analysis of the subprime auto finance industry triggered memories of when auto finance leader Lou Loquasto first began his professional career. Not only did Equifax call the ...

Since the housing crisis began over a decade ago, subprime mortgage loans basically disappeared – thanks to regulatory actions from government and self-preservation for both lenders and borrowers. The ...

Auto loan delinquencies are soaring across the U.S. Find out why that means getting a car loan is becoming tougher for everyone. Auto loan delinquencies and tighter lending indicate economic ...

The Center for Responsible Lending (CRL) said that high foreclosure rates on sub-prime loans have resulted in a net loss of homeownership since 1998, directly contradicting claims by the mortgage ...