Tag: Ally Financial

The auto asset-backed securitization market picked back up this month after a short slowdown in issuance in late July.  Several ...

Bank of America Head of Consumer Vehicle Lending Tim Owens has retired, a company spokesperson confirmed to Auto Finance News.  Owens, who joined the bank in ...

Ally Financial, Capital One and Huntington Bank posted mixed results in the second quarter for auto originations and credit performance.   Ally Financial’s auto originations rose 20.9% year ...

Ally Financial’s auto originations rose in the second quarter, while consumer affordability pressures kept delinquencies elevated. Ally’s auto loan and ...

Auto lenders are facing higher losses tied to lease terminations, especially as electric vehicles come off lease with lower-than-expected residual values.  Ally Financial accelerated its lease ...

Banks are detailing their private credit exposure to boost transparency amid questions from investors.  Executives from national and regional banks faced questions during first-quarter earnings calls this ...

Ally Financial’s auto originations rose in the first quarter in tandem with a jump in application volume and improved credit performance.  Auto ...

Ally Financial’s originations rose in the fourth quarter as credit performance improved following underwriting adjustments.   Auto originations landed at $10.8 billion in Q4, up 4.9% year over year compared with $10.3 billion but down ...