Federal Reserve Bank of New York | Auto Finance News | Auto Finance News

How Frightening Are Subprime Auto Loans?

One of the lasting legacies of the financial crisis is the market’s tendency to take any sign of bad news and frame it in the context of 2008. Collateralized loan obligations, for instance, have been deemed scary because of similarities to the collateralized debt obligations that were riddled with bad mortgages. Now, auto loans are under the microscope. […]

Originations, Auto Debt Grow in 1Q NY Fed Finds

Although auto lenders are tightening credit underwriting standards, originations and auto debt continued to grow this quarter, the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit showed this week. The Reserve Bank of New York reported $132 billion in auto loan originations for the first quarter, up from $124 billion during […]

N.Y. Fed: Auto Loan Outstandings Rise For 14th Straight Quarter

Auto loan balances reached $934 billion in the third quarter, while originations totaled $105 billion, according to the Federal Reserve Bank of New York’s Household Debt and Credit report. The rise in outstandings — $29 billion quarter-to-quarter and $89 billion year-over-year — marks the 14th straight quarter of increase, the report said. Meanwhile, the 90-day delinquency rate fell […]