March 4, 2013


  • Lots of great points in the article as to what it takes to be successful in sub-prime. I'd be worried about a growth level of 40%. The subprime market is a feast or famine industry, and when portfolios go bad, they go REALLY bad. I also think that kind of growth level is unsustainable and may be hiding delinquency, as the growth is so strong it outpaces delinquency growth...for a while. This from watching the sub-prime and finance company business for almost 30 years.
    Bill Vogeney