Subprime securitizations: Lower delinquencies offset higher losses
There’s a tug-of-war going on in the securitization sector that will determine how subprime transactions fare in 2021. Subprime securitization performance trends indicate opposing dynamics at play. For starters, lenders have been tightening underwriting guidelines, which, combined with loan extensions, have spurred declines in 30- and 60-day delinquencies. On the flip side, cumulative net losses […]
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