ARGO’s Post

A sequential dip in auto loan rejection rates and an increase in auto asset-backed securitization issuance contributed to an improvement in the auto finance industry’s overall performance during the past two months. #autofinance #autoindustry https://hubs.la/Q02Z5M9x0

A sequential dip in auto loan rejection rates and an increase in auto asset-backed securitization issuance contributed to an improvement in the auto finance industry’s overall performance during the past two months. #autofinance #autoindustry https://hubs.la/Q02Z6bpF0

Most bankers don’t understand aircraft financing, but it’s not really their fault. In most cases, many bankers are simply following corporate policy and FDIC requirements to document the collateral they are lending against. Read three different examples of how aircraft loans went sideways and how it all could have been prevented with a little due diligence and proper documentation. https://lnkd.in/eiDXWkRX #aircraftfinancing #aviationloan #loanpolicy

Several auto lenders had to adjust their underwriting strategies in 2023 to account for worsening credit performance across loans originated in 2021 and 2022, a theme prevalent during Auto Finance Summit East 2024. #autofinance #autoindustry https://hubs.la/Q02x0vSB0

We asked dealers and consumers what matters when it comes to financing! Cox Automotive research expert Greg Payne and Cox Automotive lender strategist Andy Mayers present and interpret the latest insights and what they mean for auto lending and your origination strategies. 

FHA Chapter 13 & DTI Calculation The waiting period for FHA financing after a Chapter 13 Bankruptcy varies based on Manual Underwriting vs. Automated Underwriting. For manual underwriting, one year is permitted if the court has granted permission and there are 12 months of timely payments in the payout. If your client is still in the payout period, then that payment must be considered in the DTI calculation. Our site hosts an All Agency Comparison chart on "Derogatory Credit" under "Charts & Checklists" in the "All Agency" category. This guideline tip is brought to you by www.mortgageguidelines.com

Auto Lenders: Are You Asking the Right Questions? When it comes to F&I product compliance, understanding the Minimum Business Requirements (MBRs) for funding is crucial. Ensure you're protecting your business and your customers by asking the right funding questions. 🤔 Seeking guidance? Talk with our experts today: https://hubs.ly/Q02NDv9L0

Gone are the days when lenders can finance F&I products blindly. Reach out if you’re interested in learning why 6 of the top 10 auto lenders leverage F&I Sentinel’s CITADEL solution to demonstrate best practices to the regulator and give your company the tools to ensure refunds are processed timely. #autofinance #compliance #data

Over the past decade, Syh Strategies has honed its expertise in developing tailored, risk-based credit scorecards, and decisioning and pricing engines for small business lenders. Through the seamless integration of proven technologies and a deep understanding of credit risk, we've helped lenders address these and other pain points.   Considering deploying a new credit scorecard? We've put together a guide to help you understand what considerations are required in creating a new scorecard or moving from a rules-based decision process. https://lnkd.in/esxP-UdX

Subprime auto securitization in 1Q 2024 by the numbers …   $57 BILLION. Volume of new issue auto securitization in 1Q 2024. Issuers are not taking their foot off the gas as the first quarter demonstrated; instead, they’re accelerating rapidly, setting a pace to demolish the industry’s $143 billion record issuance in 2023. 23 PERCENT. Proportion of issuance that was subprime.                                   Investors continue to demonstrate voracious appetite for debt back by subprime auto obligors. $556 MILLION. Average size of a subprime auto term transaction priced in 1Q 2024. With 5 transactions containing $1 billion or more in collateral, big deals are common, with three issuers coming to market more than once in the first quarter. Learn more in the attached “Subprime Auto Term Securitization Overview 1Q 2024”