3 new executives reinforce management as Veros Credit eyes more market share
Monday, Oct. 14, 2024, 10:36 AM
Open Lending partners with Point Predictive to boost underwriting in non-prime space
Monday, Oct. 14, 2024, 10:35 AM
Onbe releases survey about refund processes amid CFPB examinations
Thursday, Oct. 10, 2024, 11:11 AM
3 securitizations impact S&P’s latest subprime ABS review
Wednesday, Jun. 8, 2016, 07:07 PM
Auto Remarketing Staff
While pinpointing a trio of subprime securitizations demonstrating some higher loss trends, S&P Global Ratings determined collateral performance in the U.S. auto loan asset-backed securities sector improved month over month in April for the subprime sector, but continued to remain ... [Read More]
Why latest jobs report likely delayed interest rate rise
Wednesday, Jun. 8, 2016, 02:17 PM
Nick Zulovich, Senior Editor
With the May employment report from the Bureau of Labor Statistics landing with “a thud,” according to the reaction by Comerica Bank chief economist Robert Dye, the auto finance industry likely will have to wait until later this summer at ... [Read More]
New F&I library launched for Arkansas dealers
Wednesday, Jun. 8, 2016, 02:08 PM
Lance Dagenhardt, Correspondent
Arkansas dealers now have their own library of standardized documents to ensure their compliance with current automotive regulations. Reynolds and Reynolds recently announced the launch of the LAW Arkansas F&I Library. Reynolds Document Services developed the library in partnership with ... [Read More]
Hensarling’s 7-part plan to replace Dodd-Frank
Tuesday, Jun. 7, 2016, 03:26 PM
SubPrime Auto Finance News Staff
Receiving immediate support from organizations such as the Consumer Bankers Association and the American Bankers Association, Rep. Jeb Hensarling, the Texas Republican who also is the U.S. House Financial Services Committee chairman, has a plan he described as a way ... [Read More]
The opportunity banks & credit unions have in non-prime
Monday, Jun. 6, 2016, 04:02 PM
Nick Zulovich, Senior Editor
Commercial banks and credit unions typically work with customers in the prime space, but recent analysis shared by Equifax and Moody’s Analytics was geared to give executives and managers with those institutions some evidence in order to consider borrowers who ... [Read More]
Spireon names new CEO as active subscribers top 3M
Friday, Jun. 3, 2016, 06:39 PM
SubPrime Auto Finance News Staff
At the same time Spireon announced it has reached 3 million active subscribers for its suite of GPS-based vehicle telematics solutions, the company also highlighted this week that it has a new chief executive officer. Taking the reins as CEO ... [Read More]
RouteOne elevates Oesterle to be CEO
Friday, Jun. 3, 2016, 03:30 PM
SubPrime Auto Finance News Staff
RouteOne moved within a month to pick a new chief executive officer, elevating one of its executives who has been with the company since its inception. RouteOne’s board of directors named Justin Oesterle as CEO, insisting that he will continue ... [Read More]
Western Funding rolls out revamped underwriting system
Friday, Jun. 3, 2016, 03:27 PM
Lance Dagenhardt, Correspondent
Subprime auto finance provider Western Funding has a new underwriting system that the company claims will cut the time of getting funds to dealerships in half. The company recently announced the release of its new automated underwriting system, which is designed ... [Read More]
Average amounts financed climb again in Q1
Thursday, Jun. 2, 2016, 05:07 PM
SubPrime Auto Finance News Staff
With retail prices rising, Experian Automotive reported the average loan amount and monthly payment for used and new vehicles continued to trend upward. According to its most recent State of the Automotive Finance Market report, Experian indicated on Thursday that ... [Read More]
TransUnion CreditVision to power FICO Auto Score 9 XT
Wednesday, Jun. 1, 2016, 03:18 PM
SubPrime Auto Finance News Staff
In an effort to strengthen finance companies’ underwriting of potential customers with soft credit histories, TransUnion and FICO on Wednesday rolled out the availability of FICO Auto Score 9 XT based on TransUnion CreditVision trended data. The firms highlighted the ... [Read More]