Tag: subprime financing

Auto lenders may have slowed loan production in 2023, but they were busy. From fighting new forms of fraud to ...

SameDay Auto Finance has revised its lending program to account for rising losses and affordability challenges in the subprime market.   ...

Dealerships that target deep subprime consumers are seeing stagnation in add-on product sales as lenders tighten credit standards.   A ...

Westlake Financial is looking to shore up its liquidity to prepare for additional growth in 2024 as others in the ...

An uptick in auto asset-backed securities issuance by small, newer subprime issuers in recent years contributed to an increase in ...

Delinquencies and net losses continued to climb across prime and nonprime securitized auto loans in September as spreads widened in ...

Human connection is key to improving collections in an environment marked by inflationary pressures and deteriorating credit performance.  Subprime borrowers ...

Inflation, deteriorating credit performance and worsening affordability have prompted subprime auto lenders to tighten lending requirements to better manage risk.   ...