The subprime lending market is growing rapidly due to the use of securitization and the attempts of lending institutions to boost their client pool. This book gives readers a working, up-to-date knowledge of subprime consumer lending. It provides a guide to the concept of credit risk as it relates to lending practices, risk-based and risk-adjusted pricing, credit scoring, collection methodology, credit card services, auto loans, several aspects of securitization of subprime assets, and recent developments in the United Kingdom.
This book is an excellent tutorial about Subprime lending. The theories are applicable from the get go and should be studied for anyone considering entry into the Subprime market, credit cards, auto loans, etc. Michael Moeser Former Director, Capital One
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