Subprime mortgage crisis may hurt auto loans -S&P

Newswire

By Neil Shah NEW YORK, March 26 (Reuters) - The crisis in risky subprime mortgages may be bleeding into lower-quality auto loans, Standard & Poor's said. A slight increase in delinquent payments on subprime auto loans, or loans to borrowers with damaged credit, may be "an initial trickle-down of the fallout from the subprime mortgage crisis," S&P said in a recent report. Homeowners with subprime mortgages may face difficulty making payments on auto loans as interest rates on ...

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