Could Bad Credit Auto Loan Lenders Be Affected By Bad Credit Mortgage Lender Problems?

Author: Michael Peterson

Article:
It looks like subprime lenders are bouncing back in today's,
March 6, 2007 trading session. New Century Mortage, one of the
nations leading subprime mortgage lenders is trading hoovering
around $6.00 per share. This is good news since the stock fell
from an open of $15.50 per share on March 2, 2007 to a low of
$3.94 on March 5, 2007. Other similiar lenders like NovaStar,
and Fremont Loans who had similiar problems seem to be
experiencing the same recovery.

Because, of the recent softness in various areas of the economy,
the increase in personal debt, it is possible that the weakness
in the bad credit home loan market could affect the bad credit
car auto loan. Warehouse line providers like HSBC, who was also
affected by the bad credit mortgage lender stock price drop,
also makes sizeable loans in the bad credit car loan market. If
the subprime mortgage lender stock index (B & C) continues to
decline warehouse line providers like HSBC, could experience
massive devaluations, which ultimately could negatively affect
rate and term of consumers seeking bad credit auto loans.

So if you have thought about purchasing a car, or refinancing a
high interest rate car loan, now could be the best time to do
it.

BadCreditBMWLoans.com specializes in bad credit auto loans.

Embark Financial, LLC specializes in bad credit mortgages.

About the author:
Michael Peterson works as a freelance writer for
BadCreditBMWLoans.com and EmbarkFinancialllc.com, which are
companies that specialize in helping individuals with bad credit
get car loans, home loans, refinancing, and mortgages.