60-day DQs up 83 bps in subprime ABS
The rate of 60-day delinquencies on subprime asset-backed securities deals has consistently risen since April following an improvement at the ...
Tag: delinquencies
SAFCO taps consumer texting to improve delinquencies
Southern Auto Finance Co. is tapping into text communications and text payments to increase consumer kept rates as the lender’s ...
UAW strike may prompt increased recovery rates
A prolonged United Auto Workers strike could reduce vehicle production and limit new-vehicle inventory, potentially prompting an uptick in new- ...
Podcast: ‘Weekly Wrap’ on rising delinquencies, dealer consolidation
Late-stage delinquencies were on the rise in the second quarter as the Federal Reserve’s hawkish monetary policy continued to affect ...
Taming the subprime segment: How alternative data builds profits, reduces risk
Banks, credit unions and captive finance companies have tended to shy away from underwriting subprime auto loans, leaving that side ...
More consumers slip into late-stage delinquency in Q2
More auto finance accounts rolled into later-stage delinquency status by the end of the second quarter compared with a year ...
Return of student loan payments could drive up securitized auto losses
Delinquencies and losses rose across prime and nonprime securitized auto loan pools in July as declining used-car values and inflationary ...
Captives gain new-vehicle finance share
Captive finance companies regained new-vehicle financing market share in the second quarter amid an uptick in incentives. Captives accounted for ...
