Tag: subprime financing

Delinquencies climbed in the second quarter across prime and super prime auto loans as affordability pressures continue to prompt a shift toward longer-term loans.  The industrywide ...

Banking regulators recently issued guidance to “remind” lenders that making loans to consumers who lack United States work authorization could be risky.  Released jointly July 13 by ...

As consumers choose longer loan terms, even on lower amounts financed, they face higher costs over the life of the loan, prompting ...

Credit expansion within the overall U.S. economy is shaping how auto loan vintages perform, with expected losses continuing to rise ...

Subprime auto retailers reported year-over-year sales increases, while banks lent more YoY to lower-credit borrowers in the first quarter as ...

The auto asset-backed securitization market is showing signs of resilience, but investors and issuers continue to navigate bifurcation between prime ...

Western Funding is expanding into full-spectrum lending and loan purchases as it aims to grow its dealer base and portfolio in 2026.  The ...

Competition is increasing for auto lenders who serve consumers with thin credit or who don’t qualify for traditional credit.   Financiers’ interest in serving ...