THE CRITICAL SITUATION:
Banks and Financial Institutions seem poised to re-create the lending Meltdown of 2008 via a renewed abuse of Asset Backed Securities (ABSs)
This Distilled Analysis by Mike Pochan, Industry Analyst & Auto Finance Entrepreneur is alarming
Mike proposes a Need for Auto Finance companies and the Industry to ACT with speed and decisiveness.
ACTION-ABLES:WHAT TO DO ABOUT IT:
Keep it simple;
Stop securitizing Sub-prime Credit.
Set aside bigger Loss Reserves.
The mathematics of the securitization process amplifies losses.
Realize that we may be too late.
Click & capture the auto funding stats and the core strategic and operational action-ables in this exclusive analysis and assessment
The Article <a href="https://automotivedigest.com/wp-content/uploads/2019/05/MIKE-2019-5-03-Ai-and-Auto-Securitization-Chaos.pdf"> <img src="https://automotivedigest.com/wp-content/uploads/2019/05/Auto-Loan-Delinq-450x253.png" alt width="450" height="253" class="aligncenter size-medium wp-image-202566"> <strong><span style="Font-size:150%;">Red Alert: Will AI & Big Data Cause Another Auto Lending Meltdown in the Next Year Propelled by Asset Based Securities Abuse?</span></strong></a> appeared first on Automotive Digest.