HOUSTON — Ken Shilson, CPA and founder of the National Alliance of Buy-Here, Pay-Here Dealers, reported that the recent meltdown in the subprime mortgage markets and a tightening of subprime credit in the capital markets are moving underwriting and collections ... [Read More]

ST. PETERSBURG, Fla. — Payless Car Sales recently announced that it has entered into an agreement with myAutoloan.com to provide a white-labeled, Web-based auto finance center for www.PaylessCarSales.com. "Selling online is all about providing the customer with a transparent and ... [Read More]

WESTLAKE VILLAGE, Calif. — Although challenges abound in the subprime housing market, many auto lenders are rolling out full-spectrum credit, covering prime and subprime customers, as competition heats up for market share and dealers demand more services, according to J.D. Power ... [Read More]

GAINESVILLE, Ga. — Black Book announced Monday that it has launched Finance Advance, which is a new market-driven value that was designed to establish the appropriate base value financial institutions can use as a basis for advancing funds. The new Finance ... [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services announced it has purchased the AppOne Companies. With the acquisition of AppOne, Wolters Kluwer Financial Services expects to integrate its compliance content with AppOne's leading process automation suite. This will provide the indirect lending market ... [Read More]

SALT LAKE CITY — Thanks to strong dealership response to its product offerings, Prestige Financial Services said it is continuing to provide innovate offerings in the non-prime through deep subprime auto finance marketplace. The company's lending territory also continues to expand, ... [Read More]

NEW YORK — GMAC Financial Services announced it has named a new chief operating officer. Taking that position is Alvaro de Molina, effective immediately. In this newly created role, officials said de Molina will be responsible for GMAC's real estate ... [Read More]

WASHINGTON, D.C. — Financial service marketers from throughout the country are slated to come together in a forum to discuss ideas about adapting in the changing consumer marketplace at the American Bankers Association Marketing Conference to be held at the ... [Read More]

DENVER — GE Money's Warranty Services division announced it has formed a new partnership with AppOne to provide a technology solution that connects independent dealers with lenders. The alliance was created enable independent dealers access to Warranty Services' vehicle service ... [Read More]

NEEDHAM, Mass. — After surveying various lenders, TowerGroup reported that the biggest concern right now of financial service institutions is market volatility, as many lenders are watching the subprime mortgage market to see how the recent downturn plays out and whether ... [Read More]