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Watch the Latest Appraisal
News Headlines - subprime


Bloomberg

Wells Fargo, JPMorgan Wary of Auto Loans, Pack Them in Bonds
Bloomberg
Depending whose money they're using, Wells Fargo & Co. and JPMorgan Chase & Co. either love subprime car loans or fear them. Both banks have grown more reluctant to make new subprime loans using money from their own balance sheets. Wells Fargo ...

and more »

CNBC

This is the next subprime fear worrying investors
CNBC
While the global economy may still be dealing with the after-effects of the financial crisis of 2008, the latest subprime fear in the auto industry has already started to worry investors. In a note last week, UBS analysts Matthew Mish and Stephen ...


New York Times

Regulators Accuse Subprime Mortgage Servicer of Years of Abuses
New York Times
Servicing a loan involves billing customers and funneling payments to the lender; Ocwen, which is not a bank, specializes in doing so for subprime mortgages — home loans issued to people with less-than-stellar credit. Wall Street's mishandling of ...
Subprime Mortgage Giant Ocwen Rocked by US Suit Claiming AbuseBloomberg
Regulators Are Suing Subprime Mortgage Servicer Ocwen for Years of 'Deceptive Practices'Fortune
1 UNITED STATES DISTRICT COURT ... - Consumer Finance Protection Bureau - Consumer Financial Protection BureauConsumer Finance Protection Bureau - Consumer Financial Protection Bureau
nccob -Consumer Financial Protection Bureau
all 137 news articles »

Better Dwelling

One of Canada's Largest Mortgage Lenders Just Imploded, Here's What Happened
Better Dwelling
One of Canada's largest mortgage lenders just imploded, and it may have serious consequences for Toronto real estate. Home Capital Group, a publicly traded company that engages in non-prime (a.k.a. subprime) lending, saw its stock drop over 60% in a ...
Home Capital secures $2-billion lifeline as shares collapseThe Globe and Mail
Shares of Canada's Home Capital plunge after credit line dealReuters Canada
Canada's Home Capital considers strategic options as deposits slumpReuters

all 89 news articles »

Auto Remarketing

UPDATED: CFPB hits SNAAC with another $1.25M penalty
Auto Remarketing
The company shared a statement with SubPrime Auto Finance News, stating that “the settlement resolves a disagreement between SNAAC and the CFPB over the interpretation of part of a consent order.” The company continued, “SNAAC agreed to this ...

and more »

MarketWatch

Here's why it's getting harder to ignore rising subprime auto defaults
MarketWatch
Subprime auto-loan default rates match those seen just before the 2007-2009 recession. It's a red flag that's been flapping for some time for analysts worried it could pose risks to the broader credit market, bank health and, ultimately, the consumer ...
Santander Unit to Pay $25 Million Over Subprime Auto LoansBloomberg
Santander to pay $26m to settle subprime auto-loan caseThe Boston Globe
Santander Will Pay $22M In Mass. For Subprime Auto LoansWBUR
Business Insider -Reuters
all 40 news articles »

Bloomberg

Canada's Subprime Lender Plummets After Being Charged With Misleading Investors
Bloomberg
Home Capital Group Inc., the troubled Canadian alternative-mortgage lender targeted by short-sellers, fell the most in almost two years after a financial regulator alleged that executives misled investors and broke securities laws. Shares of the ...

and more »

Business Insider

Subprime auto loans are a reminder of the housing crisis - Business ...
Business Insider
The amount of so-called subprime auto loans is increasing, and many Wall Streeters see similarities to the housing market before the financial crisis.

and more »

American Banker

Subprime auto lenders put on notice over ties to shady dealers
American Banker
Inside Santander Consumer USA, alarm bells were ringing over a list of auto dealers that were sending rapidly souring car loans to the subprime lender. The speedy defaults were seen internally as a warning sign that the dealerships might be inflating ...


American Banker (subscription)

Subprime auto pullback hurts Santander Consumer's 1Q profits
American Banker (subscription)
Quarterly profits at Santander Consumer USA Holdings fell sharply as the Dallas company has been steadily scaling back on lending to customers with significantly blemished credit histories. The $39 billion-asset company — a subsidiary of the Spanish ...
Santander Consumer no longer taking credit card paymentsSeeking Alpha

all 86 news articles »
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