Subprime share of loans, defaults dip in July
Declining subprime auto finance market share is contributing to a higher-quality credit mix industrywide and helping to offset rising defaults ...
Tag: default
Apollo’s chief economist says a ‘default cycle’ has begun due to Fed hikes
Corners of the consumer and corporate market are beginning to feel the pain from the Federal Reserve’s ultra-aggressive rate hikes, even though ...
Fraud Alert: 70% of early payment defaults tied to fraudulent applications
Early payment defaults are rising amid inflationary pressures, contributing to an increase in auto fraud risk, especially in areas with ...
Fraud Alert: Lenders can minimize risk of EPDs
Most early payment default cases, in which the borrower stops paying within the first six months, include fraudulent information on ...
PNC Financial ups digital outreach to delinquent customers
LAS VEGAS — PNC Financial Services is leaning on digital outreach to decrease defaults and communicate with borrowers at risk ...
CFPB: Subprime consumers ‘priced out of the market’
Subprime automotive consumers are struggling with vehicle affordability as high prices and rising interest rates drive up loan amounts and ...
S&P Global increases likelihood of US recession to 40%
On the back of rising corporate credit defaults and deteriorating economic conditions, a U.S. recession is looking more likely. ...
Post-repossession: Can a borrower ‘cure’ a default and get their car back?
Coming out of the COVID-19 pandemic, the auto finance industry will face a number of issues when it comes to ...
