The Industry's Leading Source For F&I, Sales And Technology

Top News

TAG SEARCH RESULT: loan originations

1  -  23  of  23

August 9, 2018 - Industry News

Equifax: Subprime Pullback Continued in Q1

Subprime originations fell 4.5% from a year ago to 1.841 million in the first quarter, a period in which total outstanding balances topped a quarter trillion, the firm reported.

Tags: auto finance, Auto Leases, Equifax, loan originations

January 18, 2017 - Industry News

CU Direct Claims $30 Billion in Auto Loans, Pays Cash Dividend

Credit unions funded 1.4 million loans through CU Direct’s Lending 360 and CUDL lending platform, generating a record $30 billion in credit union auto loans in 2016 and surpassing the $26 billion in loans the company funded in 2015.

Tags: auto finance, credit unions, CU Direct, CUDL, F&I manager, loan originations

January 21, 2016 - Industry News

Wells Fargo Reports Record Originations for 2015

Fueled by falling gas prices and record new-vehicle sales, Wells Fargo originated a record $31 billion in auto loans for 2015.

Tags: Auto Loans, loan originations, Wells Fargo

July 30, 2015 - Industry News

Ally Increases Used, Nonprime Originations With Loss of GM Lease Business

Ally’s second quarter originations were flat from a year ago despite the loss of General Motors’ lease business, with the company shifting its origination mix toward used and nonprime.

Tags: Ally Financial, Auto Leases, GM Financial, loan originations, nonprime

July 9, 2015 - Industry News

Western Funding Has Biggest Month in Company History

During the month of June, Western Funding funded 906 deals for $11.2 million in contracts — its biggest origination month ever.

Tags: loan originations, subprime, Western Funding Inc.

April 28, 2015 - Industry News

Credit Unions Now Third Largest Auto Lender Type, CUDL Reports

Credit unions are competing aggressively in the automotive marketplace, financing one in four auto loans so far in 2015, CU Direct reports.

Tags: credit unions, CU Direct Corporation, CUDL, delinquencies, loan originations

April 24, 2014 - Industry News

Moody’s: Subprime Auto Risk Factors on the Rise

With subprime auto lending volumes having more than doubled since the 2009 financial crisis, Moody’s expects to see higher credit losses, which have been gradual so far.

Tags: ABS, Auto Loans, loan originations, Moody's Analytics, subprime

October 31, 2013 - Industry News

GM Financial Resists Market Share Race

GM Financial reported this week a decrease of about $200 million in North American consumer loan originations for the quarter. But there’s a reason for that, says the company’s chief executive.

Tags: Auto Leases, General Motors, loan originations, loan-to-value ratio

September 3, 2013 - Industry News

Equifax: Auto Loans Make Up Half of New Non-Mortgage Credit

Auto loan originations totaled more than $196 billion in May 2013, representing more than half of all new non-mortgage consumer credit originated in 2013, according to a new report from Equifax.

Tags: auto loan origination, delinquencies, Equifax, Equifax National Consumer Credit Trends Report, loan originations

April 2, 2013 - Industry News

CarFinance Renews and Increases Credit Facility to $300 Million

The below-prime auto finance source increases its warehouse credit facility to fuel its originations activities this year. CarFinance currently operates in 44 states.

Tags: auto finance, CarFinance Capital,, loan originations, warehouse credit facility

December 4, 2012 - Industry News

Leasing, Below-Prime Originations Grow in Q3, Experian Automotive Reports

Auto loans made to below-prime car buyers grew 13.6 percent in the third quarter, Experian Automotive reported today. Leasing also grew, which the firm says is another sign of a recovering auto finance market.

Tags: Auto Loan Delinquency Rate, Below-Prime Originations, Experian Automotive, loan originations, Melinda Zabritski

November 10, 2011 - Industry News

GM Financial Reports Strong 3Q Results

GM Financial reported today that it recorded a net income of $109 million for the third quarter and $282 million for the nine months ending Sept. 30, 2011.

Tags: Finance, GM Financial, loan originations

November 3, 2011 - Industry News

Total Consumer Debt Nearly Equivalent to Prerecession Years, Equifax Reports

Total consumer debt now stands at $11.2 trillion, nearly equivalent to the $11.1 trillion pre-recession level in 2006, according to the latest Equifax National Credit Trends Report.

Tags: Auto Loans, consumer debt, consumer financial habits, Equifax, loan originations

October 25, 2011 - Industry News

Auto Originations Up 17 Percent in 3Q, Reports Capital One

An increase in auto and commercial loan originations helped fuel a 1 percent profit gain in the third quarter for Capital One Financial Corp., the company reported last week.

Tags: Auto Loans, Capital One Auto Finance, Credit, Credit Cards, Finance, loan originations, Originations

October 4, 2011 - Industry News

Auto Loan Originations Reach Prerecession Levels, Equifax Reports

New-vehicle loan originations were up 15 percent in the first half compared to the same period last year, according to Equifax.

Tags: Auto Loans, Equifax, loan originations, Originations, recession

July 7, 2011 - Industry News

Equifax Report: Auto Loan Originations Up 20 Percent in Q1 2011

First quarter originations shot up 21 percent from the same period last year, with March originations eclipsing what was recorded during the Cash for Clunkers summer of 2009.

Tags: Cash for Clunkers program, Equifax, loan originations, Originations

July 1, 2011 - Industry News

Originations Increase as Payment Patterns Improve, Reports Equifax

Equifax’s national monthly report showed increases in originations for auto, bankcard, consumer finance and home equity revolving lines on a year-to-date basis.

Tags: Credit, Equifax, loan originations, new-vehicle originations, Originations

May 5, 2011 - Industry News

GM Financial Posts First Quarter Profit Increase

General Motors Financial Company Inc. reported net income of $77 million for the quarter ended March 31, 2011, up from $63 million in the year-ago period.

Tags: delinquencies, GM Financial, loan originations

May 3, 2011 - Industry News

Ally Posts Lower 1Q Profit Despite 'Flourishing' Auto Segment

A flourishing vehicle segment still couldn’t offset the lingering effects of the housing crisis for Ally Financial Inc., which posted a lower first-quarter profit today.

Tags: Ally Financial, loan originations

July 9, 2010 - Industry News

Open Dealer Exchange Partners With Teledata Communications

Open Dealer Exchange LLC formed an agreement with Hauppauge, New York-based Teledata Communications Inc. (TCI) to provide direct integration services with the loan origination system (LOS) provider’s DecisionLender solution.

Tags: Credit Applications, DMS, loan originations, Open Dealer Exchange

May 3, 2010 - Industry News

Exeter Finance Gets $100 Million Credit Line

Finance company Exeter Finance Corp. secured a $100 million line of credit with Wells Fargo Bank N.A. The credit facility will provide substantial capital for the growth of Exeter's loan portfolio and enable expansion of its branch network this year.

Tags: Credit, loan originations, Wells Fargo

April 27, 2010 - Industry News

AmeriCredit Increases Originations and Dealers

Saying economic conditions have reached the optimal period for new loan originations, Dan Berce told investors and media outlets that AmeriCredit increased originations during the March quarter by $245 million.

Tags: AmeriCredit, loan originations, subprime, used vehicles

September 10, 2009 - Industry News

DebtMarket and First Associates Offer Lenders New Liquidity Options

DebtMarket, a portfolio sales marketplace, and First Associates Inc., a consumer loan servicing firm, have partnered up to provide a new way to sell loan originations and improve loan servicing.

Tags: Auto Loans, DebtMarket, First Associates, loan originations

« Previous1Next »