Michael Duke's Page

Dec 3, 2011

Michael Duke might attend Molly Devine's event

Auto Finance Risk Summit at Ritz Carlton Dallas

May 7, 2012 to May 8, 2012

At the Auto Finance Risk Summit, risk is a tangible element to be held up to the light and analyzed. By doing so, we reinforce the role of risk in credit, and the benefits of doing so are practically endless, as the credit crisis teaches. Each facet of risk management is explored, from underwriting risk to dealer risk to credit risk to operational risk. We investigate real-world challenges in organic case studies wherein executives share their responses to risk challenges in the moment. And,…See More

Dec 3, 2011

9 Comments 3 Likes

Michael Duke commented on Mike Gibb's blog post You Say Good-Bye, I Say Hello

"I must disagree with that point. People don't get in the non/subprime auto finance business because of economic growth, they get in because they want to make money, with high returns on investment. The fact is that competitive…"

May 24, 2011

Michael Duke commented on Mike Gibb's blog post You Say Good-Bye, I Say Hello

"The best time to get in was the middle of 2008, if you had any money to lend. That was maybe the best, ever, or at least the last 25 years. The second best time to get in was 2009. The third best time was 2010. And now is…"

May 15, 2011

Michael Duke joined Marcie Belles's group

CFPB

This group monitors developments at the Consumer Financial Protection Bureau.See More

Mar 30, 2011

5 Comments 1 Like

Michael Duke commented on Marcie Belles's blog post Colorado Court Rules in Favor of Car Buyer Using Fake SSN

"I just wonder if there should be a legal difference between assuming a false identity (impersonating another person, etc), and giving a social security number that has not been assigned to you on a credit or work application. I suppose one is…"

Nov 6, 2010

Michael Duke commented on Marcie Belles's blog post Colorado Court Rules in Favor of Car Buyer Using Fake SSN

"I don't understand. Subprime (and near-prime or even prime) finance companies have been profiting tremendously from this exact use of a fake social (with correct other info) for the past 20+ years. In fact, many companies owe most of their…"

Oct 31, 2010

Michael Duke commented on JJ Hornblass's blog post Auto Finance Summit Quick Take: It's ALL Good

"I think the the term "looser underwriting" in this climate is somewhat akin to the term "growing pygmy." It's a matter of persepective."

Oct 16, 2010

Michael Duke commented on Marcie Belles's blog post The Savings Conundrum

"I'm not sure it works that way; i.e., in X time, the overall mindset will flip a switch back to aggressive consumerism. I think it has to do with who lived through this "Great Recession" and who didn't. It's a generational…"

Oct 13, 2010

Michael Duke and Marcie Belles are now friends

Oct 11, 2010

Michael Duke replied to Marcie Belles's discussion Will the Foreclosure Freeze Help Auto Collections? in the group Auto Lending Solutions - Collections Forum

"I'm not really sure what we're talking about. Does "foreclosure freeze" mean free rent and no mortgage payments to millions? If so, then yes, that helps auto delinquency because the overall monthly debt of those millions is…"

Oct 8, 2010

Michael Duke commented on Marcie Belles's blog post The ‘Need’ Vs. ‘Want’ Consumer

"The delinquency keeps getting better as the stupidly bad paper bought in 2005-early 2008 rolls off and the stupidly good (read: overpriced) paper bought since then becomes increasingly predominant in the lenders portfolios (although I have no doubt…"

Oct 5, 2010

Michael Duke commented on Marcie Belles's blog post Is It Really That Bad?

"It's a little like the Bankruptcy stats before and after BACPA. There were over 2M consumer filings in 2005 and about 600K in 2006 after the new law went into effect. When 2007 was 822K, the headlines were that BK cases were up 35% over prior…"

Sep 2, 2010

Michael Duke commented on Marcie Belles's blog post The Widening Gap

"I dunno. Logically, one might guess a Porsche buyer might pay more attention to the stock market than the unemployment rate. I suppose a Porsche buyer might make the decision to buy one 2-3 months ahead of time. I can make a chart of the Dow on Apr…"

Aug 9, 2010

Michael Duke commented on Marcie Belles's blog post HSBC Sheds Auto Portfolio

"Probably never, or not for many years. There is an entire world outside the US that has not yet seen the 35% mortgage refi with hidden credit insurance."

Aug 9, 2010

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