New Debt Crisis Fear: Subprime Auto Loans

New Debt Crisis Fear: Subprime Auto Loans

 

<p>Next lending crisis?</p> <p>Some investors are warning a wave of auto loan defaults could lay ahead, reports CNBC's Kate Kelly.</p>

Booming U.S. car sales and a push by private equity investors are creating a renaissance in the market for auto loan-backed securities. Corporations like Apple, Google and 3M as well as institutional and insurance-industry investors have been looking for the promise of steady yields in exchange for limited risk.

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