Post Tagged with: "subprime lending"

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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

Signs of Further Market Decline

Signs of Further Market Decline

Management, Operations, Risk, Sales & Marketing June 2, 2017 at 10:28 am

The rumblings around a deterioration in the auto lending sector have gotten louder. This morning the Federal Reserve published its bimonthly Beige Book report on regional economic activity, and it displays cracks in the auto finance facade. Regional Fed banks report tightening credit in various pockets around the nation. ForRead More

Uniformity and Speed, Top Subprime Priorities

Uniformity and Speed, Top Subprime Priorities

IT, Operations, Risk October 31, 2014 at 4:33 pm

Whether subprime auto lending is reaching dangerous levels is debatable, as evidenced by the continued conversation in the media surrounding the space. One seemingly undeniable fact, though, is that subprime lending is on rise. As such, lenders looking to grow their subprime portfolio should keep decision processes automated, uniform, andRead More

8 Facts About Nonprime That You Need to Know

8 Facts About Nonprime That You Need to Know

Guides, Management, Operations, Risk, Sales & Marketing September 8, 2014 at 9:19 am

The fact that nonprime loan portfolios increased last year, delinquency rates grew at a faster clip are not the only facts you need to know about nonprime lending. To better understand the market, we offer these eight market facts to shed additional light on what’s happening in this ever-changing cornerRead More