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Exeter Comes to Market with $500 Million ABS
Exeter Finance Corp. went public Wednesday with its $500 million asset-backed securitization today. It’s the lender’s sixth securitization and it...
S&P Cautions Nonbank Lenders
Auto lenders have a decision to make: They can choose margins or volume. That was the message from a report...
Competitive Environment ‘Challenging’ For Credit Acceptance, CEO Says
As long as lenders have access to capital, competition in the auto finance space will be tough, said Credit Acceptance...
It’s Toyota v. Ally in the Battle for Auto Finance Supremacy
The race for the No. 1 ranking in auto finance has come down to two horses: Ally Financial Inc. and...
Auto Finance Outstandings Hit Record $822.1 Billion in 2013
Bolstered by nearly 30% growth in originations, auto finance outstandings closed out 2013 at a record $822.1 billion, data released...
Justice Department Probes Fifth Third for Fair Lending Violations
Fifth Third Bank is under investigation by the Department of Justice to determine whether the bank engaged in discriminatory practices in connection...
Fitch: Alternative Lending Competition Could Loosen Underwriting
Just how big is the alternative auto lending space and how might it impact the mainstream lending market? The short...
The Mess at Condor Capital Signals Stiffer State Oversight
Legal action brought by New York State last month against Condor Capital Corp., a Long Island subprime lender accused of...
