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Financing becomes more available for nonprime credit tiers

Posted on Apr 07 2014 by

Auto financing became easier to obtain in Q4 2013 and the market share for new vehicle loans in the nonprime, subprime and deep-subprime credit tiers increased slightly to 34.1 percent of all new loans, up from 32.8 percent in Q4 2012.

Leasing grows in popularity as lenders ease credit standards

Posted on Mar 20 2014 by

The most recent Experian State of the Automotive Finance Market report shows more consumers are leasing vehicles. Leases accounted for 28.4 percent of all new vehicles financed in Q4
2013 – the highest level on record since 2006.

Mortgage originations increase year over year

Posted on Feb 21 2014 by

The housing market continues to recover, with mortgage originations increasing 12 percent year over year, moving from $508 billion to $570 billion.

Credit index improves for fourth consecutive quarter

Posted on Feb 21 2014 by

Small-business credit conditions wrapped up the year by showing continued improvement for the fourth consecutive quarter.

Using a more inclusive scoring model to reach new segments

Posted on Jan 07 2014 by

With most lenders focused on growth as the top priority for the new year, having the ability to score more consumers is key.

Welcome to Credit Cornerstone!

Posted on Mar 01 2012 by

This content of this page is produced from Credit Cornerstone Newsletter which focuses on credit trends and data intelligence. Interested in receiving our weekly Credit Cornerstone Newsletter? Sign up here!