I read a great blog on one of the RV news websites today. RV/Marine and auto loans have the lowest delinquency rate of all loan products. So why has the market for these loans dried up? Should the whole Country suffer because (both banks and consumer's) made really, really poor home loan choices?
As a GMAC customer I'm still PO'd that I possibly can't even use their auto loan/lease products again because they dipped to heavily into the drunken home loan business in the early to mid-2000's.
Here is the link:
http://www.rvinews.com/Blogs/tabid/16942/EntryId/239/Despite-economy-defaults-on-RV-loans-remain-lowest-in-banking-industry.aspxEdited by: mwebber78