Business Daily.
.
The Times Real Estate
A+ R A-

Fitch: US Auto Lenders Slowing Down on Eased Underwriting Terms

E-mail Print PDF
NEW YORK--(BUSINESS WIRE)--Strong US auto loan performance and fewer banks easing underwriting terms are among the highlights from Fitch Ratings' latest auto loan asset quality report. While underwriting terms remain eased relative to historical standards, recent Federal Reserve senior loan officer survey data showed that just 3.3% of net respondents eased underwriting standards in the second quarter of 2015. This compares with 14% of net respondents who eased standards in the July 2013 survey.

imageimage
Business Daily Media