Risk | Auto Finance News - Part 5

Losses on Track to Improve in Santander’s Latest Securitization

Santander Consumer USA‘s first asset-backed securitization of the year is on track for lower losses relative to prior pools, despite higher loan-to-value ratios and a smaller percentage of new vehicles in the pool, according to Moody’s Investors Service. Moody’s assigned a 24% cumulative net loss expectation to the $1.2 billion transaction, which is slated to […]

Fintech Startups Pose Risk to Lenders, Analyst Warns 

As lenders increasingly look to fintech companies to facilitate loan origination, one analyst warned these partnerships can be a double-edged sword. “If [lenders] are leveraging some fintech platform that claims to have built the better mousetrap in terms of their underwriting platform but haven’t been around through credit cycles and haven’t proven that out, to […]

Powell Says Fed ‘Waiting and Watching’ With Patience on Rates

Federal Reserve Chairman Jerome Powell said the U.S. central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy. “We’re in a place where we can be patient and flexible and wait and see what does evolve, and I think for the meantime we’re […]

Higher Interest Rates Will Likely Reduce 2019 Sales by 300,000 Units, Analyst Says

Rising interest rates will likely shave vehicle sales by 300,000 units this year, predicted Eric Lyman, senior vice president of ALG, an analytics subsidiary of TrueCar. “It’s not insignificant,” Lyman told AFN, “but not large enough to be a shock to the auto retail environment either.” A 300,000-unit sales decline in 2019 would translate to […]

LOS Provider Launcher Solutions Adds Alt Data From LexisNexis

Technology startup Launcher Solutions inked a deal last week to integrate alternative data from LexisNexis Risk Solutions into its loan-origination system geared for subprime lenders. Alternative data plays a significant role in auto loan underwriting, especially in the subprime sector where credit bureau profiles may be thin, Launcher Solutions President Nikh Nath told Auto Finance […]

Fitch Forecasts Subprime Auto ABS to Weaken in 2019

While prime auto lease and loan asset-backed securitizations are projected to remain stable, Fitch Ratings Agency expects the outlook for subprime auto ABS to weaken. In a 2019 consumer lending outlook, Fitch’s Senior Director of ABS Ian Rasmussen said subprime auto asset-backed securities are more vulnerable due to weaker borrower profiles and industry headwinds inflated […]

2019 Survival Guide: How Lenders Are Planning for the Year Ahead

From the January issue: 2018 was a strong year for auto finance as delinquency rates dropped, the economy grew, and consumer demand remained high. However, the new year finds lenders and analysts bracing for an economic slowdown. But that’s not the only worry. New-car purchases are lagging, according to Manheim’s November data, which has new-vehicle sales […]

NETSOL Technologies Signs On as Diamond Sponsor for Auto Finance Summit and AF Accelerate

Auto Finance News is proud to announce NETSOL Technologies Inc. is the official Diamond sponsor of its two industry events this year: the Auto Finance Summit and Auto Finance Accelerate, a week-long event series on auto finance operations, including sales & marketing, innovation, and risk. NETSOL specializes in internet technology and enterprise software solutions primarily […]
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