Earlier in February, the Federal Reserve Bank of New York came out with a report that included rising delinquency statistics. According to the report as shown in Subprime News, the four reasons are:

1. More loan originations in subprime.

2. More subprime financing

3. "Softer/gentler collection strategies"

4. Waiting longer to repossess and charge-off accounts.

Also, in the same report, it's stated that 30% of the $1.27 Trillion in outstanding debt originated with borrowers who had a credit score over 760.  Subprime debt fell to 22%. 

What does this all mean to BHPH/LHPH  collection and underwriting strategies going forward?