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Risks from subprime look contained: Merrill Lynch
2014-10-11 07:44:46| Auto Dealers - Topix.net
Subprime auto lending may be growing, but there are reasons from both the borrower and the lender perspective why it shouldn't pose the same risks to the economy the way subprime housing lending did, an analyst said Friday. So-called deep subprime lending - to those with FICO scores below 550 - is growing for new car purchases, by 51%, according to Experian data Hanson cites.
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Category:Automotive