Relevant:
- JPMorgan pulls back from mortgage lending on foreclosure worries
- Subprime Auto Delinquency Is Near Crisis Levels at Non-Bank Lenders
- Banks Tighten Auto Lending as More Borrowers Fall Into Default
- Britain's Housing Lenders Tighten Credit to Subprime Borrowers
- New Lenders Spring Up to Cater to Subprime Sector
2012-04-11 — nytimes.com
In the depths of the financial crisis, borrowers with tarnished credit like Ms. Alejandro were almost entirely shut out by traditional lenders. It was hard enough for people with stellar credit to get loans.
But as financial institutions recover from the losses on loans made to troubled borrowers, some of the largest lenders to the less than creditworthy, including Capital One and GM Financial, are trying to woo them back, while HSBC and JPMorgan Chase are among those tiptoeing again into subprime lending.
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