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Norm commented on Mike Gibb's blog post 'OMG. U O $$$. Pls Pay ASAP'
Great timing. We just started a feasibility study regarding this subject yesterday. It will be interesting to see the level of response. Obviously, times have changed. The vast majority of debtors, especially subprime debtors, no longer carry a…
Norm commented on Marcie Belles's blog post 'Colorado Court Rules in Favor of Car Buyer Using Fake SSN'
Incredible. Sadly, I think this is typical for Colorado
Norm commented on Marcie Belles's blog post 'Auto Finance Council Debuts Industry Code of Ethics'
Customers are debtors. As for community service, I consider a 120 day charge off a rather lofty charitable donation.
Norm commented on JJ Hornblass's blog post 'Obama Whack-a-Moles Autos'
Of course not. I'm suggesting government intervention with good intentions often fails to identify the potential consequences. It is obvious that we will not agree on this issue. Your note and my response from the 14th identify where we align…
Norm commented on JJ Hornblass's blog post 'Obama Whack-a-Moles Autos'
Without the pressure of the CRA and Frank, without pressure to increase mix in previously undesirable profiles and demographics there would have been no need for the regulation on the back end. Leave the lenders to do what they know how to do and do…
Norm commented on JJ Hornblass's blog post 'Obama Whack-a-Moles Autos'
I think your seriously misguided if you don't believe that over regulation, the CRA and Frank contributed a great deal to the MAC mess. Banks found creative ways to finance those that otherwise would not qualify to passify Washington. Now they…
Norm commented on JJ Hornblass's blog post 'Obama Whack-a-Moles Autos'
"transparency and accountability"? Seems to me that needs to start at the White House. He also said that there will be a time for banks to be profitable, but now is not the time! Thank you Mr. President, I'll be sure to qoute you at…
Profile Information
- First & Last Name
- Norm Hale
- Corporate Title
- VP Operations
- Company
- Taylor - Jordan LLC
- Company Description
- Nonprime automotive finance
- City, ST
- SAINT CHARLES, MO
Norm's Blog
Dealer Discounts
Posted on April 16, 2009 at 4:53pm 3 Comments 0 Likes
I would be interested to know how other lenders are accounting for Dealer Discounts. Earned monthly as a balance sheet liability or funding loss reserves for specific static pools? Additionally, any discussion regarding the pros and cons of either method. If a company chooses to fund loss reserves, would'nt GAP allow the discounts to be earned in the same fashion. If so, it seems the preference would be the latter so as to avoid having discounts sitting on the balance sheet.
Comment Wall (3 comments)
- At 7:12pm on November 25, 2008,
Kenn Darling said… - Norm,
You can email me directly at kenn.darling@bofi.com
Best,
Kenn
- At 6:32pm on November 10, 2008,
Bill Thaxton said… - Norm
I am an Auto Finance executive recruiter with 38 years of experience in the auto finance business. I am offering a special low fee far below competitor's for search and placement services. Please share this with others involved in your business. I can be reached at 503-387-5751 or at Bill@ThaxtonRecruiting.com. Thanks, Bill
- At 7:56am on October 30, 2008,
Dusty Crone said… - Hey Norm! Things are well. Didn't you open a used car business when you left? Can't remember for sure... Hope things are good for you as well - good to hear from some of the old clan!
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