Auto rejection rates drop to 6.7% in June (Big Wheels)
Auto loan applicants were rejected less often in June amid declining auto loan application rates and an increasing share of ...
Tag: New York Federal Reserve
Auto Debt and Late-Stage Delinquencies on the Rise
© Can Stock Photo / sparky2000 Consumer loans more than 90 days past due have been flat or declining for ...
NY Fed: Independent Finance Companies Drive Higher Delinquencies
Delinquencies among independent auto finance companies are “considerably higher” than their bank and credit union peers and are continuing to ...
U.S. Auto Debt Hits Record High
Auto loan debt in the U.S. hit record highs in the fourth quarter spurred by year-end incentives for new vehicles ...
Rising Auto Delinquencies Overtake 2016’s Top Subprime Headlines
Subprime lender Santander Consumer USA continued to dominate the headlines in 2016, with new deep subprime securitizations and a feature ...
Lenders Trade Subprime Borrowers For Longer Loan Terms, Experian Shows
Loan terms continue to rise and increase lender risk due to an environment of softening used vehicle values, Experian’s third ...
NY Fed Notes ‘Notable Deterioration’ in Subprime Auto Performance
There are “signs of distress for loans issued to subprime borrowers” in the auto space, according to an analysis of ...
‘Robust’ Auto Loans Outweigh Uptick in Delinquents: NY Fed
Auto loan and lease originations were $151 billion in the third quarter, a "robust" increase of 14% from a year ...
