Lenders in search of a reasonable yield - and still wary of mortgages - are easing standards for...

|By:, SA News Editor

Lenders in search of a reasonable yield - and still wary of mortgages - are easing standards for auto loans, leading to a resurgence in ABS backed by the paper. A surge in lending, the average age of autos on the road of 11 years (a record), and beaten-down shares of GM and F? Something doesn't add up.