Aaron Klein is a fellow in economic studies at the Brookings Institution. Lisa Servon is professor and chair of the City and Regional Planning Department at the University of Pennsylvania’s Weitzman School
Borrowers with the best credit scores still account for far and away the biggest share of U.S. auto loans, but loans to customers with subprime and so-called near-prime credit — mostly for used cars and
Risky loans from the subsidiary of GE Capital in the 2000s helped fuel the subprime boom; then came the lawsuits A remnant of the subprime mortgage lending boom, WMC Mortgage LLC, filed for bankruptcy
The penalties are related to a now-defunct subsidiary General Electric has agreed to pay a $1.5 billion settlement for accounting violations related to a now-defunct business that handled subprime mortgages.
A growing number of homes in the US and China are teetering on the brink of a price slump that would drag their economies into a recession, the International Monetary Fund has warned. Using the latest