Wells Fargo edges back into subprime as U.S. mortgage market thaws
Wells Fargo & Co, the largest U.S. mortgage lender, is tiptoeing back into subprime home loans again. It believes it … Continue reading → The post Wells Fargo edges back into subprime as U.S....
View ArticleGM unit gets subpoena over subprime auto loans
By Aruna Viswanatha and Peter Rudegeair WASHINGTON/NEW YORK (Reuters) – The U.S. government is investigating General Motors Co's auto financing … Continue reading → The post GM unit gets subpoena over...
View ArticleGM’s subprime auto lending draws attention of U.S. investigators
Federal prosecutors are asking questions about the practices of GM’s financing unit, subpoenaing the company in the midst of a … Continue reading → The post GM’s subprime auto lending draws attention...
View ArticleSubprime auto loans’ risk is acceptable, analysts say
The rising number of subprime auto loans doesn’t represent a disaster waiting to happen, akin to the mountain of subprime … Continue reading → The post Subprime auto loans’ risk is acceptable, analysts...
View ArticleCFPB fines subprime lender First Investors for sending credit bureaus...
The Consumer Financial Protection Bureau fined subprime auto lender First Investors Financial Services Group nearly $ 3 million for knowingly … Continue reading → The post CFPB fines subprime lender...
View ArticleSpringleaf to buy Citi’s OneMain to become top U.S. subprime lender
Springleaf Holdings Inc said it would buy Citigroup Inc's OneMain Financial Holdings Inc for $ 4.25 billion in cash, creating … Continue reading → The post Springleaf to buy Citi’s OneMain to become...
View ArticleThis Week in Car Buying: Rising transaction prices; Crossover conundrum;...
Strong February sales helped propel average transaction prices up 3.6 percent over year-ago levels, though it was down slightly from … Continue reading → The post This Week in Car Buying: Rising...
View ArticleHollywood star Laura Dern tackles sub-prime crisis in new film
The US sub-prime mortgage crisis that spelled ruin for thousands and left many homeless is not exactly a catchy subject … Continue reading → The post Hollywood star Laura Dern tackles sub-prime crisis...
View ArticleThe looming student loan subprime catastrophe – and how to fix it
Albeit well-intentioned, the Department of Education now sits atop the largest sub-prime lending bubble since the mortgage boom – except … Continue reading → The post The looming student loan subprime...
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