Credit availability improves across all credit tiers in Q2
Auto originations grew 32% sequentially in the second quarter as loosened underwriting standards improved credit availability across all credit tiers. ...
Tag: Federal Reserve Bank of New York
Under the hood: What to expect in 2020
Last year, the chatter amongst lenders in the auto finance industry pointed toward expectations of a recession. Yet, as the ...
How Frightening Are Subprime Auto Loans?
© Can Stock Photo / tovovan One of the lasting legacies of the financial crisis is the market’s tendency to ...
Consumer Credit Scores Rise But Risks Remain, Executive Says
© Can Stock Photo / AndreyPopov Nearly half of consumers saw their credit scores increase by 20 points or less ...
Costly Repairs to Cause Borrowers Serious Financial Stress, Ally Says
Unexpected high costs of vehicle repairs cause “serious financial stress,” for consumers, Mark Manzo, president of Ally Insurance, said in ...
Originations, Auto Debt Grow in 1Q NY Fed Finds
Although auto lenders are tightening credit underwriting standards, originations and auto debt continued to grow this quarter, the Federal Reserve ...
N.Y. Fed: Auto Loan Outstandings Rise For 14th Straight Quarter
Auto loan balances reached $934 billion in the third quarter, while originations totaled $105 billion, according to the Federal Reserve Bank ...
