Fair | Auto Finance News

By Michael A. Benoit Many financial institutions and creditors around the country have spent the past six months working diligently ...

More Bad News

byAuto Finance News

November 24, 2008

• AmeriCredit Corp. is canceling its senior notes, instead issuing 15.1 million shares to shareholder Fairholme Funds Inc. Fairholme currently ...

Eclipsing the Mortgage Meltdown

byAuto Finance News

November 21, 2008

The auto lending shakeout is worsening as the pace of financier closings and curtailments quickens. In the past week, newbie ...

Cap One Sees Its Auto Lending Business Stabalize in 3Q

byAuto Finance News

October 17, 2008

Richard Fairbanks, Capital One Finance Corp.'s CEO, said auto finance stabilized at the bank last quarter. His remarks on auto ...

Stressing the Stress Tests

byAuto Finance News

August 12, 2008

Though losses in auto loan- and lease-backed securitizations have reached — or, in some cases, exceeded — their long-term averages, ...

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