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Auto lenders are missing a key risk factor: the vehicle (Off the Lot) 

Lenders must look beyond the consumer for book performance 

Bruce Newmark

Since the realization that the post-pandemic portfolios, originated in 2022 and 2023, were going to underperform nearly industrywide, there have been attempts by most lenders to tighten credit to improve future tranche performance.   While many have increased the FICO floor below which applicants are declined, other methods include tightening payment to income ratios, minimum income and other […]

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