Nonprime and subprime auto lending increases while delinquen...

Posted on Dec 16 2012 by
Findings from Experian's latest State of the Automotive Finance Market analysis showed market share for nonprime, subprime and deep subprime automotive loans for new vehicles grew by 13.6 percent and new vehicle leasing increased...

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Bankcard utilization rates declining, but still high for sub...

Posted on Oct 25 2012 by
Not surprisingly, bankcard utilization is the highest among subprime consumers with VantageScore D and F tiers having average bankcard utilization rates of 68% and 81% respectively. In comparison, VantageScore A tier (super...

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One in four auto loans are now nonprime or subprime...

Posted on Sep 16 2012 by
Loans to customers in the nonprime, subprime and deep-subprime credit risk tiers accounted for more than one in four new vehicle loans in Q2 2012. With 25.41 percent of all new vehicle loans opened by customers in the nonprime,...

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A percentage of subprime borrowers are actually prime or nea...

Posted on Aug 07 2012 by
Some borrowers who are deemed subprime by traditional credit scoring criteria are actually quite creditworthy and are identified as prime or near-prime consumers when using the more inclusive VantageScore®. Based on a...

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The FDIC’s definition for assessing subprime is changi...

Posted on Jul 27 2012 by
The FDIC has proposed a new rule that will change the way large lenders define and calculate risk for their FDIC Deposit Insurance Assessment. The revised definitions in the proposed rule rely on "probability of default" and...

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Automotive loan originations shift into high gear...

Posted on Mar 23 2012 by
Lenders continued to increase their appetite for risk in Q2 2011, with new vehicle loans for customers with credit outside of prime increasing by 22.4 percent compared with the previous year. In Q2 2011, 22.29 percent of all new...

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Auto loan originations increase significantly for some credi...

Posted on Mar 16 2012 by
Lenders are increasing loans to credit-challenged customers. According to Experian's quarterly automotive credit analysis, 21.87 percent of all new vehicle loans went to customers in the nonprime, subprime and deep-subprime...

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