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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Signs of Further Market Decline

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. For example, the New York Fed […]
  • JJ Hornblass
  • June 2, 2017
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Uniformity and Speed, Top Subprime Priorities

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, and speedy to help win business […]
  • Larissa Padden
  • October 31, 2014
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8 Facts About Nonprime That You Need to Know

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 corner of the auto finance business: […]
  • Cody Lyon
  • September 8, 2014
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