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Valley National Bank ended 2013 with $901.4 million of auto loans on its books, a 14.6% increase from yearend 2012, the bank reported yesterday. Wayne, N.J.-based Valley National originated $38.6 million loans in the fourth quarter, noting that loan volume “remained strong” throughout most of the year.
Last year, Valley National bought $21.5 million of auto loans from third-party originators, though all the purchases occurred in the first nine months.
Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
