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Southside Financial Group announced the launch of a nationwide program to purchase existing nearprime and subprime auto loan portfolios ranging from $500,000 to $40 million.
Read More →Despite a slew of market challenges, the automotive retail market continues to motor along. In the driver’s seat is an improving auto finance market, CNW stated in its April Retail Automotive Summary.
Read More →Auto finance sources continued to favor the less risky lending categories in June, with approval rates for the prime and nearprime categories reaching new highs. The story was different for subprime approvals, which continued their descent from a high in April.
Read More →Auto loan approvals continued to pick up in April, the same month pent-up demand reached its highest level since the third quarter 2008, according to CNW Research.
Read More →Finance Express, a provider of Web-based financial services and technology for independent auto dealerships, said that Gateway One Lending & Finance (GOLF), a lender specializing in prime and near-prime paper, joined the Finance Express platform.
Read More →A growing percentage of new-car sales are going to prime-credit customers as banks and other financial institutions look for safer bets, according to CNW Market Research.
Read More →RouteOne LLC completed integration with California-based Westlake Financial Services, a privately held finance company specializing in the acquisition and servicing of near-prime to subprime automotive retail installment contracts.
Read More →Auto loan approvals improved in July for the prime and near prime markets, but shoppers in the subprime market continued their struggle to get approvals by conventional means, according to CNW Research.
Read More →Westlake Financial Services recently expanded into the state of Hawaii. Westlake now operates in 37 states, with Hawaii-based contracts accepted starting May 1, 2009.
Read More →Despite sales being off by nearly 40 percent from the first three months of last year, credit-application rejections increased 329 percent from the same period last year, according to CNW Research.
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