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loan originations

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.

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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.

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The auto finance industry is surging after a third quarter in which all lending segments increased their originations for the high-risk tiers.

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.

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.

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.

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.

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.

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.

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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.

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