Anna Maria Andriotis

speaker

3,396 appearances 52 recordings 1 series first heard Jul 2017 last heard Dec 2022

Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Why Subprime Loan Borrowers Are Missing Car Payments · 6 Apr 2021 podcast

So you have people with good credit who are doing very well with their auto loans. voice-verified

There really aren't any red flags there. voice-verified

But yet the story with people who have credit scores that are 600 and below is so different. voice-verified

I mean, the difference is stark. voice-verified

And it raises the questions of, well, why is the performance so different? voice-verified

What is going on here? voice-verified

One of the reasons for the difference in the way these two groups are performing comes down to employment status. voice-verified

A lot of the people right now who are having a difficult time paying their auto debts lost their jobs, are either still unemployed or have gone back to work but are not making the kind of money they were before the pandemic. voice-verified

So how do you make a payment on a loan that you got when your income was higher or when you were employed now when you don't have a job or you're making less than you previously were? voice-verified

So I asked people about their stimulus payments. voice-verified

I said, have you received unemployment benefits? voice-verified

Have you received stimulus payments? voice-verified

And one of the things that I thought was really interesting was that for many of these people, when the stimulus payments come in, they kind of go out right away. voice-verified

Well, sure, I got the stimulus payment. voice-verified

And when I got that, I used it to pay the rent I owed that I was behind on. voice-verified

I used it to pay my utility bills. voice-verified

And then I sent what I could to my auto lender. voice-verified

There are millions of people who are currently in forbearance on their mortgages and student loans. voice-verified

When those relief periods come to an end, this all does raise the question of will we be seeing an increase in delinquencies in mortgages and in student loans? voice-verified

Because what we're seeing with auto loans at the voice-verified

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