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CPS clocks improved credit performance as originations dip

Joey Pizzolato by Joey Pizzolato
July 24, 2020
in Earnings, Risk Management
Reading Time: 2min read

Consumer Portfolio Services has seen an improvement in credit performance in the second quarter, largely due to unemployment benefits and government stimulus, Chief Financial Officer Jeff Fritz said during the company’s earnings call this week. In fact, 30-plus day delinquencies dropped to 9.6% of outstandings — the lowest level since the first quarter of 2018, […]

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Tags: Consumer Portfolio ServicesCoronaviruscovid19credit performanceDefferalsearningsMag LeadersoriginationsPremiumRecoveries
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