Post Tagged with: "deep subprime"

© Can Stock Photo / carlodapino

A Renewed Call for an FHA for Auto Financing

Compliance, Opinion, Risk April 27, 2018 at 12:32 pm

Last year was a record low year for deep-subprime lending. This, despite the fact that overall auto finance originations climbed more than 5%. In other words, even though auto finance expanded overall, auto finance for the deep-subprime sector did not. To put it another way, the lending expansion stopped shortRead More

Credit Tiers — and Their Yields — Defined

Credit Tiers — and Their Yields — Defined

Compliance, Management, Operations, Risk, Sales & Marketing October 14, 2014 at 10:41 am

For any entrepreneur considering the auto finance sector, the options can seem daunting. Is the prime sector best? Maybe the yields in deep subprime make that niche more worthwhile? These questions become more challenging, because every two auto finance executives will offer three definitions for credit tiers — if not more.Read More

11 Tips for Making It in Deep Subprime

11 Tips for Making It in Deep Subprime

Compliance, Guides, Management, Operations, Risk, Sales & Marketing October 13, 2014 at 5:48 pm

While the bulk of the auto finance industry is considered “prime,” making loans to consumers with credit scores over  680, there is an entire world of originations in the so-called deep subprime sector. The question is, how can lenders play in this sector, where credit scores never rise above 549,Read More