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On Line Loan Defaults Increasingly High

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Terrel L. Shields

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May 2, 2002
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Certified General Appraiser
State
Arkansas
https://anthonybsanders.wordpress.c...ingly-defaulting-on-loans-made-online-31-wac/

A group of online consumer loans that were packaged into bonds is going bad faster than lenders and bond underwriters had expected, the latest sign that some startups that aimed to revolutionize the banking industry underestimated the risk they were taking.

Delinquencies and defaults are reaching key levels known as “triggers” for at least four different sets of bonds.
Hmmm, where have we heard that before??
 

Michael S

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Mar 18, 2009
Professional Status
Certified General Appraiser
State
New Mexico
Same with subprime auto loans. Who'd have thought that selling an overpriced car to someone with bad credit at a high interest rate might not work out?
 
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