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Auto-loan delinquencies are the highest since 2012

The percent of auto loans in serious default has risen to the highest level in almost seven years, as consumers with weak credit struggled to make payments despite a strong U.S. economy and tight labor market......»»

Category: topSource: moneycentralFeb 12th, 2019

How Wall Street Banks "Masked" A Record $350 Billion In Subprime Exposure

The latest monthly auto-loan data from the Fitch Auto ABS Index showed something very troubling: subprime delinquencies 60 days or more past due on the secondary market rose to 5.76% in February, the highest theyâ€.....»»

Category: blogSource: zerohedgeApr 20th, 2018

A record 7 million Americans are 90 days late on their auto loan payments, an economic red flag

When car loan delinquencies rise, it is usually a sign of significant duress among low-income and working-class Americans......»»

Category: topSource: washpostFeb 12th, 2019

These Greater Cincinnati colleges have the highest student debt: SLIDESHOW

Student loan debt in the U.S. now totals more than $1.5 trillion, more than both credit card and auto loan debt, and recent research has shown that the crisis isn't only worse than we thought — it's getting worse. The percentage of students who .....»»

Category: topSource: bizjournalsAug 13th, 2018

Here’s what more US auto loan delinquencies means for the economy

Despite a strengthening economy, more Americans are unable to make auto loan payments......»»

Category: topSource: foxnewsMay 29th, 2018

Americans late on car payments

A Record 7 Million Americans Are 90 Days Behind on Their Auto Loan Payments.....»»

Category: topSource: moneycentralFeb 13th, 2019

A Record 7 Million Americans Are 90 Days Behind on Their Auto Loan Payments

Drawing concern among economists. Unemployment is low and the eco.....»»

Category: europeSource: fortuneFeb 12th, 2019

Red flags emerge as Americans" debt load hits another record

Some red flags emerged for the U.S. economy late last year as credit card inquiries fell, student-loan delinquencies remained high and riskier borrowers drove home automobiles, according to a report that could signal a downturn is on the horizon......»»

Category: topSource: reutersFeb 12th, 2019

Baltimore among 10 cities with largest increases in student loan debt

Among the most heavily populated U.S. cities, Baltimore has the 10th highest increase of collective student loan debt over the past 10 years. Baltimore student debt increased from $5.9 billion to $14.5 billion between 2008 and 2018, according to a ne.....»»

Category: topSource: bizjournalsJan 18th, 2019

Fiat Chrysler Plans to Open Detroit’s First New Auto Assembly Line in 27 Years, Report Says

The automaker will convert an engine plant idled in 2012 into one assembling a three-row SUV. Fiat Chrysler Automobiles is planning to convert an engine plant that has been idle since 2012 into an auto-assembly plant, in what would be th.....»»

Category: europeSource: fortuneDec 6th, 2018

Fiat Chrysler will reopen a factory in Detroit to build more SUVs: Report (FCAU)

FCA Fiat Chrysler Automobiles will upgrade a factory in the Detroit area to build SUVs, the Detroit News reported. The FCA factory has been out of action since 2012. The US auto market has shifted toward SUVs over passenger cars in the past few y.....»»

Category: topSource: businessinsiderDec 6th, 2018

"It Feels Like 2006": Subprime Auto Loan Issuance Soars Amid Record Investor Interest

As the market continues to sho.....»»

Category: blogSource: zerohedgeDec 3rd, 2018

NYC"s Highest Paid Employee - A Predatory-Debt-Collecting Marshal - Made $1.7 Million Last Year

A brand new expose by Bloomberg shines light on modern day loan sharks: city officials that are armed with badges like Vadim Barbarovich, who earned $1.7 million last year, easily giving him the .....»»

Category: blogSource: zerohedgeNov 30th, 2018

Chip demand for auto electronic systems promising

Sales of automotive electronic systems are forecast to grow 7.0% in 2018 and 6.3% in 2019, the highest growth rate in both years among the six major end-use applications for semiconductors, according to IC Insights......»»

Category: topSource: digitimesNov 23rd, 2018

Nissan Chairman Ghosn Booted for Bogus Financial Reporting

Carlos Ghosn, one of the auto industry's highest paid and most successful executives, has been removed from his role as chairman of Nissan following an internal investigation revealed financial........»»

Category: blogSource: 247wallstNov 19th, 2018

Fifth Third says at "inflection point" in indirect auto loan portfolio

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallOct 23rd, 2018

As GOP Campaigns on Tax Cuts, Federal Deficit Jumps 17% to Its Highest Level Since 2012

The national debt will rise from almost $16 trillion today to nearly $29 trillion by 2028. The U.S. federal deficit grew 17% in the 2018 fiscal year that ended Sept. 30, ballooning to $779 billion. Such an incre.....»»

Category: europeSource: fortuneOct 16th, 2018

New Auto Loans Up 3.5% in First Half of 2018

The average U.S. new car loan rose 2.2% year over year in the first half of 2018 to nearly $23,000, according to new data from Equifax. More than 12 million Americans borrowed the money to finance........»»

Category: blogSource: 247wallstOct 16th, 2018

The U.S. Economy Is Booming. So Why Is the Federal Deficit at Its Highest Level Since 2012?

With an economy this good, it should be going down. The U.S. deficit just hit its highest level since 2012, according to the latest fig.....»»

Category: europeSource: fortuneOct 16th, 2018

Mortgage rates on 30-year home loan hit 5 percent, a nearly 8-year high

Mortgage rates on the 30-year fixed-rate home loan hit 5.05 percent, the highest level since February 2011, making housing even .....»»

Category: topSource: usatodayOct 10th, 2018

How Leveraged Loans Are (and Aren’t) Like Junk Bonds

The leveraged loan market has doubled in size since 2012. Plenty of investors think they know why: Loans are just like safer versions of high-yield junk bonds and likely return more as interest rates rise. It’s true that leveraged loans and jun.....»»

Category: topSource: washpostOct 1st, 2018