More Credit Woes at AmeriCredit, Metris

Time to wade back into the subprime swamp for an update on those unlovely creatures, AmeriCredit (ACF Quote) and Metris (MXT Quote).

After a steep slide, AmeriCredit's stock has soared over the past week, indicating that investors are regaining confidence in the company, which lends to people with tainted credit histories, or subprime borrowers.

But recently released credit data for October show a rising number of bad-loan losses and delinquencies, and they suggest AmeriCredit is allowing troubled lenders to extend more loans, according to a report released Tuesday by Ventana Capital, a New York-based brokerage. ...