auto loans

Subprime Auto Securitization Was a ‘House of Cards’
Risk & Compliance

Subprime Auto Securitization Was a ‘House of Cards’

The former principals of Honor Finance misrepresented the quality of loans that they packaged into a $100 million securities offering, the SEC says.
By Matthew Heller | September 24, 2021
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Fitch Lowers Outlook for Consumer Finance Sector
Credit & Capital

Fitch Lowers Outlook for Consumer Finance Sector

Loan forbearance offers to coronavirus-hit consumers are "prudent" but lenders' credit performance could “deteriorate rapidly” once they expire.
By Matthew Heller | March 30, 2020
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NY Fed Warns of High Auto Loan Delinquencies
The Economy

NY Fed Warns of High Auto Loan Delinquencies

“The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market,” the bank says.
By Matthew Heller | February 19, 2019
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U.S. Household Debt Reaches New Heights
The Economy

U.S. Household Debt Reaches New Heights

A rise in mortgage, auto loan, and credit card balances drives a record amount of post-financial-crisis consumer debt.
By Vincent Ryan | August 14, 2018
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U.S. Households Pile On the Debt
The Economy

U.S. Households Pile On the Debt

Consumer debt reached record levels in the second quarter.
By Vincent Ryan | August 15, 2017
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Auto Sales Slowdown Driving Risk for Lenders
The Economy

Auto Sales Slowdown Driving Risk for Lenders

Moody's says credit risk is rising at a time when the average dollar amount of negative equity at trade-in is at record levels.
By Matthew Heller | March 28, 2017
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Household Debt Continues Slow Climb
Risk

Household Debt Continues Slow Climb

U.S. consumers continue to enlarge their balance sheets with automobile and credit card loans, as well as mortgages.
By Vincent Ryan | August 10, 2016
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Banks Easing Standards for Household Loans
Equipment Financing

Banks Easing Standards for Household Loans

Banks moderately eased underwriting standards for some mortgages and auto loans in the fourth quarter of 2015 but tightened on C&I loans.
By Matthew Heller | February 2, 2016
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