A Renewed Call for an FHA for Auto Financing

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 short at Ficos of 500 or […]
  • JJ Hornblass
  • April 27, 2018
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Credit Tiers — and Their Yields — Defined

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. That’s why Charles Bradley Jr.’s […]
  • JJ Hornblass
  • October 14, 2014
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11 Tips for Making It in Deep Subprime

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, without getting burned — badly? […]
  • JJ Hornblass
  • October 13, 2014
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