delinquency

Deutsche Bank researchers also noted rising household delinquencies as a point to stress, in a Tuesday client note.

Low delinquencies across the industry have given more issuers the confidence to lend more.

The pullback follows a raft of negative headlines about bankruptcies, delinquencies, and alleged fraud among car dealers and lenders over recent weeks.

“We certainly are not seeing forward indicators in terms of delinquency or other measures.”

Green said there has also been a rise in delinquencies and defaults that could create problems in the securitization market, where consumer debt is packaged into products that are told to investors.