# Prof. Lawrence White discusses subprime lending in the auto loan market

1 Faculty News September 27, 2014 ![USA Today logo](/sites/default/files/styles/246w/public/assets/images/uat_027308.jpg?itok=crstnihK)>

Excerpt from [USA Today](http://www.usatoday.com/story/money/personalfinance/2014/09/27/subprime-auto-loan/16272641/) -- "'The overall size of the auto loan market is less than one-tenth of the overall size of the mortgage market,' [White](http://www.stern.nyu.edu/faculty/bio/lawrence-white) said. 'The magnitude is smaller. Nobody expects the price of the underlying collateral to be always going up.' He added, 'I can't imagine the same economy-shaking consequences that the collapse of subprime mortgage lending had.'"

[Read more](http://www.usatoday.com/story/money/personalfinance/2014/09/27/subprime-auto-loan/16272641/)