The subprime auto lending business continues to unravel.

Shares of Olympic Financial Ltd. plunged $2 to $9 Monday, after blistering reports by two analysts; Reliance Acceptance Group Inc. reported a fourth quarter loss of $8.6 million due to an $18 million provision for losses; and Duff & Phelps Credit Rating Co., an agency that has taken the lead in rating securities backed by subprime auto loans, was urging investors to reevaluate the sector.

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