An uptick in auto asset-backed securities issuance by small, newer subprime issuers in recent years contributed to an increase in late-stage delinquencies across securitized subprime auto loans in October. Fitch Ratings’ subprime auto asset-backed securitization (ABS) 60-plus day delinquency index sat at 6% in October, coming off a record 6.11% in September. By comparison, 60-plus […]