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More Subprime Borrowers Are Missing Loan Payments


8ball
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Easy money for high risks...WHATEVER could go wrong? 

 

Sadly, the belt-tightening on the lending approvals will ALSO trickle to those who present with no discernible risk and we will see an uptick in 750+ FICO (any flavor) being denied or having less-than-favorable terms.  Which, of course, will be followed by whining from some that claim that the processes and risk scoring discriminate against *checks notes* the high risk borrower. 

 

These trends in lending are like watching the waves on an oscilloscope...

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