SubPrime Auto Finance News Staff

Fitch Ratings is keeping a close watch on how subprime auto finance paper is performing in a similar fashion to Equifax and  TransUnion. Analysts indicated that loss frequency and severity ticked up slightly from historically low levels for the largest U.S. auto finance companies, according to the... Read More

SubPrime Auto Finance News Staff

As opposed to the legitimate collections efforts put forth by dealerships, finance companies and their service providers, federal regulators are looking to curb unwanted phone calls that are out to swindle consumers. Two upcoming events will highlight cooperative efforts by two agencies to combat illegal calls and... Read More

SubPrime Auto Finance News Staff

Wise F&I and eLEND Solutions each recently expanded their executive teams, citing growth. First, over at eLEND Solutions, a provider in online and in-store finance and “deal-making” solutions for dealers, built its sales team with two proven auto finance sales leaders. Joe Peterson has joined as chief... Read More

SubPrime Auto Finance News Staff

AGORA recently bolstered its connections to human capital to delve into the debt space. The Texas-based provider of technology solutions for the financial services industry formed a partnership with Nancy Hughes — a leading debt acquisitions expert — in order to expand the scope of services and... Read More

SubPrime Auto Finance News Staff

Organizers of the North American Repossessors Summit (NARS) are hitting their 10th anniversary and received a reward from one of their leading sponsors. NARS — an industry event hosted by the American Recovery Association (ARA) and headline sponsor Harding Brooks Insurance — now has a three-year... Read More

SubPrime Auto Finance News Staff

Sometimes auto finance companies diversify their portfolio through buying paper lower down the credit spectrum than they typically might. In the case of Westlake Financial Services — which specializes in subprime contracts — the provider is doing the opposite. Westlake recently launched its new... Read More

SubPrime Auto Finance News Staff

S&P Global Ratings pored over the 2017 data for the U.S. auto loan asset-backed securities (ABS) sector and reported that  “a few encouraging trends emerged.” Analysts added that December ABS performance showed seasonal patterns, resulting in upticks in metrics they watch regularly. The firm... Read More

SubPrime Auto Finance News Staff

More collaboration developed in an effort to enhance the efficiency — and compliance — involving vehicle repossessions and recoveries. Allied Finance Adjusters (AFA) and Vendor Transparency Solutions (VTS) recently entered into an exclusive joint venture agreement that executives say will add value to both... Read More