Ah, memories! Some good, some bad and some terrifying! In this case, 10-years after the global financial markets came close to collapse, the word terrifying would seem to be a good fit! But what went wrong in 2008 and is it possible the same could happen again? To my mind, one word seems to describe the environment […]
‘Are ‘Almost’ Subprime Mortgages And Used Car Loans A Canary In The Coal Mine?’ Having lived through the lending environment that led to ‘The Big Short’, one has to wonder whether we are heading back in the same direction! George Santayana (circa early 1900’s): ‘Those who cannot remember the past are condemned to repeat it.‘ […]
As mortgage loans originated to subprime borrowers are once again on the rise, so too is the delinquency rate for subprime auto loans! So for the buyers of securities backed by either subprime mortgages or auto loans as well as for the banks originating these loans, is there a cause for concern? In other words are we […]
