April delinquencies near 3.5%
Short-term delinquencies are on the rise as credit access remains tight and high monthly payments continue to squeeze consumers. The ...
Tag: delinquencies
CPS originations dip 16%, collections improve
Consumer Portfolio Services‘ originations declined year over year, but the subprime lender’s portfolio grew as it secured additional capital and ...
Overdue bills are rising with US debt delinquencies, Fed survey shows
US household debt has reached a record and more borrowers are struggling to keep up. . Overall US household debt ...
Capital constraints prompt mixed origination outlook
TD Auto Finance and Avid Acceptance expect auto origination volume to be flat to moderately lower for the remainder of ...
Credit union repo assignments on the rise
Repossession agencies are receiving more assignments from credit unions as delinquencies rise nationwide. Houston-based Automobile Recovery Bureau has seen more ...
Podcast: ‘Weekly Wrap’ on earnings, sales
First-quarter earnings continued to bring mixed results as vehicle sales slowed in April. Capital One’s auto outstandings decreased 3.7% year ...
Capital One originations increase more than 20%
Capital One Auto Finance’s originations grew in the first quarter following several quarters of year-over-year declines. Originations totaled $7.5 billion, ...
Ally Financial ups auto allowances as losses rise
Ally Financial increased its allowance for auto credit losses in the first quarter as delinquencies and net charge-offs rose on ...
