Articles

Take Your Lease Maturity Management to Higher Automated Ground–ing

Take Your Lease Maturity Management to Higher Automated Ground–ing

For the sixth straight year, auto leasing gained in popularity among consumers.* Lenders and dealers have capitalized on the popularity of leasing by extending millions of contracts to consumers over the last few years.  As momentum for new cars trend upward, leasing continues to shift forward, portfolios grow and aRead More

Compliance Insider: Choice 2.0…Again

Compliance Insider: Choice 2.0…Again

The House Financial Services Committee’s (HFSC) worked on the Financial Choice Act (“Choice Act 2.0”) in April, based on an earlier version from the last Congress (Choice Act 1.0). As often is the case in Washington, what is true today may not be tomorrow, and the landscape for financial reformRead More

Is That the Smell of Compounding Risk?

Is That the Smell of Compounding Risk?

If you only looked at GM Financial’s origination volume last week, you would think auto finance was continuing on its boom-time ways. GMF grew its North American originations 19% last quarter to around $11 billion, according to company earnings released last Friday. Sing Hallelujah! Well, don’t lose your voice yet. ThereRead More

Steer Clear of These 4 Remarketing Pitfalls

Steer Clear of These 4 Remarketing Pitfalls

Just this month, top leaders at Black Book announced a downward trend of retention values on used vehicles triggered primarily by new vehicle incentives, interest rates, and a declining demand of certified pre-owned. With projections of a continued weakening of the used vehicle market ahead, and an excess of supply, everyRead More

Credit Erosion: Cracks Are Starting to Show in Subprime Auto

Credit Erosion: Cracks Are Starting to Show in Subprime Auto

Fitch Ratings reported subprime delinquencies hit a 20-year high in March, and some of the smaller lenders in the space have cut back on originations, stopped issuing securitizations, or shuttered their doors completely, multiple sources told Auto Finance News. The number of new players entering the space has “slowed down,”Read More

CREDIT: Delinquencies Rise, Lenders Tighten Credit

CREDIT: Delinquencies Rise, Lenders Tighten Credit

Subprime 60-plus-day delinquencies declined to 4.28% in February, compared with 5.09% in January, according to S&P Global. Year over year, however, February subprime delinquencies were up 14% over the same month a year prior. “Generally, delinquencies decline from January to February due to tax refunds and this pattern played out againRead More

The Plot Thickens: U.S. Court of Appeals to Hear CFPB Case

The Plot Thickens: U.S. Court of Appeals to Hear CFPB Case

On Feb. 16, the U.S. Court of Appeals for the  D.C. Circuit agreed to rehear en banc PHH Corp. v. The Consumer Financial Protection Bureau. Oral argument is set for May 24. As you may recall, the Consumer Financial Protection Bureau alleged that PHH Corp. had accepted illegal kickbacks fromRead More