ATLANTA — Navigator Holdings recently revealed the sale of nearly $40 million in subprime, asset-backed loans. Company president Bobby Lazenby explained the sale of the subprime automobile loan portfolio comes as an increasing number of investors look to build balance sheets ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack will be offering a free Webinar tomorrow to discuss critical compliance issues dealerships face in today’s market. The Webinar, scheduled for 2 p.m. ET, will be hosted by DealerTrack compliance counsel Randy Henrick. The event ... [Read More]

HOUSTON — Sparked by strong loan origination growth, First Investors Financial Services Group's 2012 fiscal year got off to a rousing start as the company posted its best-ever quarterly net income level. The company recently revealed its net income soared ... [Read More]

NEW YORK — Contrary to the composite reading, the auto loan portion of the S&P/Experian Consumer Credit Default Indices ticked higher last month. Data released Tuesday by S&P Indices and Experian showed vehicle loan defaults moved up to 1.31 percent ... [Read More]

WASHINGTON, D.C. — After releasing its new CUDL AutoSMART app for the Apple iPhone, iPad and iPod Touch last summer, the credit union lending services company has revealed its application is now compatible with  Android mobile smart phone and devices, ... [Read More]

WASHINGTON, D.C. — The titleholder of a rented or leased vehicle could be back in the crosshairs of vicarious liability should a provision to the Graves Law be repealed. That's why the American Financial Services Association recently was joined by ... [Read More]

SAN DIEGO — LEAP Financial revealed this week it is expanding its management team to accommodate recent growth. New members of the executive team include Brian Bailey, senior vice president of strategy and originations; Gary Flowers, senior vice president of ... [Read More]

NEW YORK — TD Bank's president and chief executive officer believes the company made a wise choice when completing the acquisition of Chrysler Financial earlier this year. Now doing business as TD Auto Finance, Bharat Masrani told an investors conference ... [Read More]

LOS ANGELES — By and large, SubPrime Auto Finance News is hearing that indirect auto lending and contract purchasing has loosened up a bit and money is flowing more freely as the economy and industry slowly recovers. Since auto financing ... [Read More]

MINNEAPOLIS — Web-based loan origination software company TCI will now offer Wolters Kluwer Financial Services’ Bankers Systems retail contracts and lease agreements through its DecisionLender platform in an effort to simplify the lending process. As a result of this new ... [Read More]