Subprime Auto Canary: Deutsche Bank Probes Employees For "Exaggerating ABS Demand"

[Banjo]

Over the course of the last 12 months, data from Experian clearly shows that underwriting standards are falling in the industry as competition for a shrinking pool of eligible borrowers heats up.

http://www.zerohedge.com/news/2016-...bank-probes-employees-exaggerating-abs-demand

 

[cdcaveman]

wow.. 84 month loan!

 

[cdcaveman]

seems to me there is going to be a glut of new cars... plus cheap financing... i want a brand new vW diesel ultra cheap for 84 months at .01% thank you