Bank of America originations down 11.8% to $6B
Bank of America’s auto originations fell in the second quarter, while the bank’s dealership financing portfolio grew. Originations totaled $6 ...
Tag: delinquencies
Alternative data key to risk-based pricing
Using alternative data supports accurate risk-based pricing for auto lenders and helps account for losses. Some lenders continue to rely ...
Credit unions revise underwriting, tap tech
SAN DIEGO — Some credit unions plan to rework underwriting standards and tap into technology to support financing volume growth ...
April delinquencies near 3.5%
Short-term delinquencies are on the rise as credit access remains tight and high monthly payments continue to squeeze consumers. The ...
CPS originations dip 16%, collections improve
Consumer Portfolio Services‘ originations declined year over year, but the subprime lender’s portfolio grew as it secured additional capital and ...
Overdue bills are rising with US debt delinquencies, Fed survey shows
US household debt has reached a record and more borrowers are struggling to keep up. . Overall US household debt ...
Capital constraints prompt mixed origination outlook
TD Auto Finance and Avid Acceptance expect auto origination volume to be flat to moderately lower for the remainder of ...
Credit union repo assignments on the rise
Repossession agencies are receiving more assignments from credit unions as delinquencies rise nationwide. Houston-based Automobile Recovery Bureau has seen more ...
