Auto Loan Debt Crisis Imminent as Wall Street Profits Selling Car Loans to High-Risk Borrowers, CMBS Defaults Surge, and Germany Predicts More Commercial Real Estate Pain
The signs of an impending auto loan debt crisis are becoming increasingly apparent, as noted by AutoMoBlog. Wall Street’s lucrative practice of selling car loans to individuals with limited capacity to repay is fueling concerns, mirroring practices reminiscent of the 2008 financial crisis. Simultaneously, the rapid increase in defaults on Commercial Mortgage-Backed Securities (CMBS) is …