Tag Archive

What Happens When the Professional Repossession Industry Dies?

Published on July 26, 2017 By Cucolle1

EDITORIAL Well, this isn’t likely to help in my job hunt in lending and collections, but I’ve got to get it off my chest. A friend of mine who works in a repossession related business, recently had a meeting with a leader of a large financial organization who assigns their work through a large forwarding […]

Subprime Auto Loan Losses Reach Highest Level since the Financial Crisis

Published on March 13, 2017 By Cucolle1

Subprime net loss rate in auto bonds rose to 9.1% in January U.S. subprime auto lenders are losing money on car loans at the highest rate since the aftermath of the 2008 financial crisis as more borrowers fall behind on payments, according to S&P Global Ratings. Losses for the loans, annualized, were 9.1 percent in […]

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