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Of Sales, Unemployment, and Production: The Economy’s Effects on Auto Finance at Audio Conference

July 22, 2009 from 2pm to 2:45pm

This complimentary audio conference exclusively for AutoFinanceNews.net Members held on Wednesday July 22 at 2:00 PM eastern time will provide a comprehensive view of the U.S. economy and its future, with details on consumer demand and spending and an update on the bailout and the OEMs. The audio conference features Bill Strauss, a senior economist and economic advisor at the Federal Reserve Bank of Chicago and a Member of AutoFinanceNews.net.Strauss joined the Chicago Fed in 1982, and his…See More

Larry Yang is attending Molly Devine's event Jul 15, 2009

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Larry Yang commented on Marcie Belles's blog post 'Direct Delinquencies Spike'

So if I directly apply to GMAC bank and get a loan, it will be direct. But will be indirect if I apply at dealer site and approved by GMAC later. Shouldn't the underwriting be same and therefore same credit risk? Agree that applying at dealer…

Jul 9, 2009

Larry Yang commented on JJ Hornblass's blog post 'Demand Drops for Auto ABS via TALF'

One reason for declining TALF loan demand for auto ABS is that spreads for certain bonds are already tighten to some point a which using TALF loan to buy is not economical due to negative carry. For example, spread for 1-yr BoA auto bond is 95 bps…

Jul 9, 2009

Larry Yang commented on Marcie Belles's blog post 'Direct Delinquencies Spike'

What is the difference between direct and indirect auto loans?

Jul 8, 2009

Larry Yang commented on JJ Hornblass's blog post 'Chrysler Financial to Cut 350 Jobs'

Not sure about the demand as we are not involved. DB is the lead dealer. Based on the pricing guidance, the spread for two-year bond is 170 bps, 30 bps wider than that BoA deal.

Jul 1, 2009

Larry Yang commented on JJ Hornblass's blog post 'Chrysler Financial to Cut 350 Jobs'

Chrysler Finance just brought an TALF eligible auto ABS deal to market today. It is their first in 2009. Seems that the main business for Chrysler Financial going forward will be servicing the existing 45 B auto loan portfolio which gradually pays…

Jul 1, 2009

Larry Yang commented on JJ Hornblass's blog post 'US Bancorp Says Its Auto Portfolio Deterioration Has 'Peaked''

Did they specify what observations support their claims? Auto performance usually follow a clear seasonal pattern: weakening over the third and fourth quarters and improving in the first quarter. Just curious if their claim is based on false…

Apr 21, 2009