Wednesday, February 20, 2019 - 9:58am

SubPrime Auto Finance News Staff

Just a few months after moving into a new corporate headquarters, Secure Collateral Management (SCM) is advancing beyond being only a skip-tracing provider and into being a forwarding company. In a message sent to SubPrime Auto Finance News on Tuesday, SCM executive vice president Joseph Farley explained why the company... Read More

Monday, February 18, 2019 - 11:41am

SubPrime Auto Finance News Staff

The National Association of Federally Insured Credit Unions (NAFCU) recently reiterated its position regarding a significant accounting change coming later this year. To recap, the Financial Accounting Standards Board (FASB) is looking to ensure that financial institutions have solid measures in place to ensure they... Read More

Thursday, February 14, 2019 - 10:41am

SubPrime Auto Finance News Staff

This week, Kroll Bond Rating Agency (KBRA) released its auto loan indices for of January, highlighting that credit performance was mixed across securitized auto loan pools. Analysts noted that annualized net losses in KBRA’s Prime Auto Loan Index for January fell 1 basis point month-over-month to 0.69 percent,... Read More

Thursday, February 14, 2019 - 10:39am

SubPrime Auto Finance News Staff

Santander Consumer USA and Chrysler Capital are set to give away some valuable paper in hopes of getting more customers in their portfolios to adopt its paperless billing option. This month, Santander Consumer USA and Chrysler Capital rolled out a campaign where they are offering eligible customers who sign up for... Read More

Wednesday, February 13, 2019 - 11:30am

SubPrime Auto Finance News Staff

With the auto finance default rate in December rising above 1 percent and new data showing more than 7 million people with a contract 90 days or more delinquent, it might be a busy year for repossessions and recoveries. To help agencies, Advantage GPS, a Procon Analytics company, formed a strategic partnership with the... Read More

Wednesday, February 13, 2019 - 11:28am

SubPrime Auto Finance News Staff

A quartet of analysts took a deep look at the auto finance data after the Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on household debt and credit on Tuesday. At first blush, it might look inflammatory that the New York Fed data fueled by Equifax showed that more... Read More

Tuesday, February 12, 2019 - 10:26am

Nick Zulovich, Senior Editor

Whether it’s during company conference calls or coffee-shop chatter, many individuals with an interest in auto financing are keeping a close watch on this tax season, especially in light of the longest government shutdown already unfolding to begin 2019 and elected lawmakers continuing to squabble to keep... Read More

Monday, February 11, 2019 - 11:48am

SubPrime Auto Finance News Staff

All of the metrics Westlake Technology Holdings shared about its 2018 performance headed in directions that would please just about any executive team or board of directors. And the company already is aiming for double-digit improvement this year. The company recently announced its portfolio grew 35 percent in 2018,... Read More