Subprime automobile loan problems

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hurleyjd

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Subprime auto loans with this lender seems to be about the same as the subprime real estate loans in the past. How will this play out.
https://www.msn.com/en-us/money/companies/subprime-auto-giants-loans-souring-at-fastest-clip-since-2008/ar-AAJkF9n?ocid=spartandhp
 
For a roughly $1 billion subprime auto bond that priced earlier this year, Santander Consumer verified fewer than 3% of borrower incomes, even though income verification is a critical way to combat fraud.
:lol: :roll:

What a deal.....
 

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