TEK2day

Operating at the Intersection of Technology and the Capital Markets

Tag: underwater loans

  • A Softening Used Car Market Does Not Bode Well for The Economy

    The auto loan market is a leading indicator to the broader economy. Used car values are near record levels but have traded lower for three consecutive months. More used car loans will be underwater as used car values decline. Thus, the risk of loan default rises. LTV’s exceed 100% while underlying asset values decline. This…