Tag Archives: Consumer Finance

TEXT-S&P rates Bavarian Sky’s Compartment 3 German auto ABS issue

Credit Risk We have used performance data from BMW Banks leasing portfolio and from previous transactions to analyze credit risk. We expect to see about 3% of defaults in the securitized pool. In comparison to Bavarian Sky SAs Compartment 2, … Continue reading

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CONSUMER FINANCE: Housing Inventory Plunges in Some Places

CONSUMER FINANCE: Housing Inventory Plunges in Some Places –Housing inventory is shrinking in many parts of the country, but shadow inventory is piling up –On a national basis, listed inventory was down 20.4% in May, compared with May 2011, according … Continue reading

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Nordic Capital buys Swedish finance, insurance firms

Tweet Link this Share this STOCKHOLM, July 13 (Reuters) – Nordic Capital said on Friday it has agreed to buy a majority stake in four consumer finance and insurance firms which provide services for Swedens retail sector. The private equity … Continue reading

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IIFL sees 20-25% growth in finance distribution arm ahead

IIFL reported a healthy top-line growth in FY11 and posted a consolidated net profit of Rs 47 crore against Rs 36 crore (QoQ). In an interview with CNBC-TV18, Nirmal Jain, Chairman, IIFL said that given the multiple headwinds for their … Continue reading

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Payday loan bosses hit back at MPs

Trade body the Consumer Finance Association (CFA) argued that while politicians tend to hold negative views towards payday lenders, most people who actually take out such loans believe they are getting good value for money. Consumer Auto Loan is the … Continue reading

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Consumer-finance watchdog considers flat fees for mortgage processing …

Consumer Financial Protection Bureau Director Richard Cordray speaks in Washington, Jan. 31, 2012. THE CANADIAN PRESS/AP, J. Scott Applewhite We’re able to offer a low price auto loan where you live without you needing to drive a car throughout your … Continue reading

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Availability of personal loans ‘gradually improving’

Lending figures for the first quarter of 2012 suggest that consumer credit markets are showing gradual signs of improvement. The Finance Leasing Association (FLA) said that total consumer finance provided by its members increased by 9% in March, compared with … Continue reading

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Major Sectors and ETFs Post Sharp Declines (XLE, XLB, XLF)

All major sectors and related ETFs decline with major US stock indexes Major US stock indexes declined on further fears over Greeces potential exit from the Eurodollar and Euro Zone and the weakness was broad based as allĀ  major US … Continue reading

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Montco mortgage giant’s owner bankrupt

One of the biggest private employers in Montgomery County is seeking a financial reorganization that could lead to new owners. Ally Financial Inc., Detroit, the taxpayer-controlled loan company that used to be the consumer finance arm of General Motors Corp.s … Continue reading

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TEXT-S&P rates Athlon Car Lease Nederland deal

May 15 – OVERVIEW — We have assigned our credit ratings to HIGHWAY 2012-Is class A notes. — The transaction securitizes a pool of Dutch auto lease receivables and associated residual values. LONDON (Standard Poors) May 15, 2012–Standard Poors Ratings … Continue reading

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