Reuters.com Subprime auto lenders are confident, analysts aren't http://www.reuters.com/article/bondsNews/idUSN3122491620070831?src=083107_1611_INVESTING_comment_n_analysis&sp=true
Fri Aug 31, 2007 By Tim McLaughlin NEW YORK (Reuters) - U.S. subprime auto lenders say they do not see a rising wave of defaults, but over the past year they have made a number of moves to burnish the scratches and dents in their loan portfolios. Triad Financial Corp, partly owned by Goldman Sachs Group Inc (GS.N: Quote, Profile, Research), recently disclosed that 21.4 percent of the loans in its portfolio have been granted payment extensions to help borrowers experiencing financial troubles. That's an 88 percent increase over the level reported at the end of June 2006. http://www.reuters.com/article/bondsNews/idUSN3122491620070831?src=083107_1611_INVESTING_comment_n_analysis&sp=true
