Subprime

JIM HENRY

N.Y. Times story on subprime offers feds ammunition

12:01 am U.S. ET | July 23, 2014
A withering account of subprime auto lending in Sunday's New York Times reinforces bad stereotypes about used-car dealers, smears subprime lenders and their investors, takes out of context an increase in delinquencies and loan losses from record lows, and provides ammunition to auto finance industry critics in Washington....
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JIM HENRY

Who makes irrational loans? Not Me

12:01 am U.S. ET | June 18, 2014
Are the gremlins at it again in auto loans? Maybe they're to blame for so-called irrational competition, presumably the result of lenders making unprofitable loans to gain market share....
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JIM HENRY

Tax refund as down payment? Why not?

12:01 am U.S. ET | April 30, 2014
The first quarter is typically the strongest quarter of the year for subprime financing and used-car auto loans due to the timing of tax refunds, say industry experts such as Asbury Automotive COO Michael Kearney, who noted the trend last week....
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Frothy subprime borrowing drives U.S. sales, raises alarms

1:27 pm U.S. ET | Nov. 8, 2013
As the fifth anniversary of the Federal Reserve's policy of keeping interest rates near zero approaches, the market for subprime borrowing is once again becoming frothy, this time in the car industry. As with mortgages in 2006 and 2007, the central bank's stimulus is making it easier for U.S. consumers with spotty credit to buy cars as yield-starved investors purchase riskier bonds linked to auto loans....
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Subprime auto loans grow as credit standards ease, competition grows

3:11 pm U.S. ET | Sept. 17, 2013
Subprime auto lenders are enabling buyers to borrow more relative to the cost of a car in a sign that underwriting standards are deteriorating amid increased competition, according to Standard & Poor's....
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JIM HENRY

Is it time for lenders to open the spigot?

12:01 am U.S. ET | Aug. 28, 2013
Since 2010, credit bureaus and auto lenders have tallied quarter after quarter of near-record lows for delinquencies, even though volume and subprime loans are up....
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Auto finance growth outlook sparks confidence

5:09 pm U.S. ET | Aug. 21, 2013
The outlook for auto finance growth is encouraging, the latest TransUnion report on auto loan volume and delinquencies shows....
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Low loan losses buoy subprime

12:01 am U.S. ET | Aug. 19, 2013
Even as subprime lending has picked up, resulting in more vehicle sales to credit-challenged customers, delinquencies and repossessions have fallen to record lows, data from Experian Automotive show....
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