Default Rates of Subprime Auto Loans Higher than Financial Crisis

According to data from Fitch Ratings delinquency rates for subprime auto loans are at 5.8 percent, higher than the financial crisis; lenders have taken notice and are starting to lend less to these risky groups; the ABS market for bonds backed by auto loans will most likely stay the same as only a small percentage of loans are packaged into securities. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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