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Christina Haberstroh posted a blog post

The Benefits of ResCap’s Bankruptcy

Ally Financial’s CEO made it very clear that the company is "absolutely not" looking to sell its core U.S. auto lending business in the wake of Monday’s announcement that its Residential Capital mortgage unit filed for bankruptcy protection.In fact, “the actions position Ally very strongly for the future,” CEO Michael Carpenter said in a conference call on Tuesday.The…See More
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Michael Buckingham and Lisa Bundy are now friends
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RT @autonewspr: Group 1 Automotive acquires Honda, Volkswagen dealerships in US - Automotive Business Review http://t.co/Qm5uRUg4 #auto
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Borrowers are turning more to credit unions for auto loans http://t.co/KGazs0L4
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Ally to keep U.S. auto loans after ResCap filing http://t.co/WbhiRSh9 via @reuters
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Sunwest Bank Bumps Up Tidalwave Finance's Revolving Credit Line: Indirect lender Tidalwave Finance Corp. has rec... http://t.co/HFXGXO7D
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Rikin Shah joined Marcie Belles's group
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This group monitors developments at the Consumer Financial Protection Bureau.See More
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Christina Haberstroh's blog post was featured

Sunwest Bank Bumps Up Tidalwave Finance's Revolving Credit Line

Indirect lender Tidalwave Finance Corp. has received an increase in its revolving credit line -- to $6 million -- from Sunwest Bank.Tidalwave,which originates loans to auto dealers in Southern California, was the first client of the Irvine, Calif.-based bank's Specialty Finance Group, a sector that provides rediscount lines of credit to lenders. "The economic pressures that…See More
yesterday
Profile IconAdem and Don Thompson joined AutoFinanceNews.net
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Christina Haberstroh posted a blog post

Sunwest Bank Bumps Up Tidalwave Finance's Revolving Credit Line

Indirect lender Tidalwave Finance Corp. has received an increase in its revolving credit line -- to $6 million -- from Sunwest Bank.Tidalwave,which originates loans to auto dealers in Southern California, was the first client of the Irvine, Calif.-based bank's Specialty Finance Group, a sector that provides rediscount lines of credit to lenders. "The economic pressures that…See More
yesterday
Mark Humphrey liked Marcie Belles's blog post The New Normal for Used-Car Values
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Mark Humphrey commented on Mike Gibb's blog post An Auto Finance Spin on a Retail Credit Staple
"Mike - Variations of this kind of product have been used by captives most specifically (per David's comments) before.  Most memorable is the 0-0-0 deferred programs of the early 2000s where customers put $0 down, no payments for a certain…"
yesterday
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Consumer Debt Surge Highest Since 2001 http://t.co/8jGFrole
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