Subprime lending

Monetary asmmetries without (and with) price stickiness

Retrieved on: 
Friday, April 19, 2024
Online, University, Public Security Section 9, Employment, Calibration, Small, Equity, Volume Ten, Research Papers in Economics, Policy, A.4, Communication, Crisis, Mass, Silvana Tenreyro, Business, Shock, Intuition, Business cycle, TFP, Volume, European Economic Review, Marginal value, SME, NBER, Forecasting, Depression, 3rd millennium, European Economic Association, Conceptual model, Journal of Monetary Economics, Insurance, Harmonization, Great Depression, CES, Economic Inquiry, Paper, Environment, Political economy, Journal of Financial Economics, MIT, University of York, COVID-19, Behavior, Review of Economic Dynamics, Rigid transformation, Website, Access to finance, Accounting, Working paper, Probability, Total, Appendix, Section 8, Quarterly Journal of Economics, Zero lower bound, Curve, Chapter, Cost, Nominal, Journal of Political Economy, Euro, PDF, ECB, Unemployment, Hoarding, STAT, Economic Policy (journal), Household, Canadian International Council, Social science, Government, Federal Reserve Bank, JEL, Journal, Textbook, Missing, Food, Private sector, A.5, Asymmetric, The Journal of Finance, Credit, Speech, Princeton University Press, Literature, NK, European Central Bank, Growth, Labour, Monetary economics, Loss aversion, Financial intermediary, Injection, Elasticity, Inventory, Subprime lending, Ben Bernanke, Finance, BIS, Phillips curve, International Economic Review, Money, London School of Economics, Marginal product of labor, Pruning, Marginal product, The Economic Journal, Rate, Aswath Damodaran, Risk, OECD, Competition (economics), Section 4, MIT Press, Consumption, Bond, Section 3, Yield curve, Loanable funds, Habit, Cobb–Douglas production function, Economy, Aarhus University, Financial economics, Section 2, Conference, Central bank, Chapter Two, Monetary policy, Capital, Hartman–Grobman theorem, CEPR, Framework, American Economic Review, Capital Markets Union, ZLB, Exercise, Liquidity, Interest, Intensive word form, Workshop, European Commission, Macroeconomic Dynamics, Population growth, B1, Response, Quarterly Journal, Community business development corporation, GDP, E31, Control, Journal of Economic Theory, Christian Social Union (UK), T2M, Hamper, Data, American Economic Journal, Aggregate, Konstantinidis, B.1, A.9, A.6, Remuneration, Civil service commission, EUR, Uncertainty, Motivation, A.7, Bank, GFC, Section 13, Motion, Reproduction, IMF, Staggers Rail Act, Abstract, Tale, Handbook, Asymmetry, Stanford University, Communications satellite
Key Points: 

    Elgin CDJR Closes Additional $226k in New Deals Using Konect.ai, Increasing the Store's Close Ratio to 24 Percent

    Retrieved on: 
    Thursday, April 27, 2023
    Subprime lending, CDJR, Ridesharing

    As soon as they were generated, I wanted to capitalize while they were "hot," said Zach Fares, Sales Manager, Subprime & Leasing of Elgin CDJR.

    Key Points: 
    • As soon as they were generated, I wanted to capitalize while they were "hot," said Zach Fares, Sales Manager, Subprime & Leasing of Elgin CDJR.
    • "Konect.ai was the only company that was able to do that for us.
    • Elgin Chrysler's contact ratio rose to 50 percent, a number that Fares was pleasantly surprised by.
    • "Currently, we have a 24 percent closing ratio on the leads sold to receive connection ratio using the objection handling that we built.

    Study Finds 66% of Delinquent Child Support Payments Remain in Arrears 12 Months Later

    Retrieved on: 
    Tuesday, December 13, 2022
    Subprime lending, Delinquent, Observation, Research, Super-prime, Parent, TransUnion, Child, Self storage, Tutoring, Credit

    However, trended credit data revealed three primary, high-risk credit behavior segments predictive of future child support payment delinquency.

    Key Points: 
    • However, trended credit data revealed three primary, high-risk credit behavior segments predictive of future child support payment delinquency.
    • More than two-thirds of the parents in the analysis opened a new credit trade within 12 months of their child support arrears being reported to TransUnion.
    • For nearly 30% of parents, the gap between their most recent trade and first child support payment delinquency was 3 months or less.
    • More than one-third (34.4%) of parents who defaulted on child support payments had 50% or higher credit utilization.

    Blockboard Solves the Digital Advertising Crisis Market Needs a 'Controlled Demolition'

    Retrieved on: 
    Wednesday, November 17, 2021
    Ethereum, SSP, Heart, Automation, Subprime lending, Behavior, CTV, Industry, Goal, OTT, Advertising, Awareness, CPM, Human, CPG, Comparison of multi-paradigm programming languages, Digital, Fraud, Internet, DSP, Ether, Travel, Cryptocurrency, Public relations

    This is more critical than ever before, with digital advertising on the verge of collapse.

    Key Points: 
    • This is more critical than ever before, with digital advertising on the verge of collapse.
    • However, according to Tim Hwang, acclaimed author of Subprime Attention Crisis, marketers are being fooled by programmatic advertising and the misleading measurement system, high costs, and blatant advertising fraud created by fake 'clicks.'
    • According to Hwang, digital advertising is an unstoppable money machine at the heart of the internet and now needs a "controlled demolition."
    • Blockboard operates a three-tiered model: Create (original content with Blockboard Studios); Motivate (distribute content and targeted ads over OTT/CTV platforms through Blockboard Media) and Validate (through MyBlockboard.com using Blockchain technology).

    KBRA Assigns Preliminary Ratings to ACC Auto Trust 2021-A

    Retrieved on: 
    Friday, July 16, 2021
    Other Professional Services, Professional services, Finance, Subprime mortgage crisis, Personal finance, Subprime lending, Credit rating agency, KBRA, Car finance, Money, Finance, Economy

    Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes that will be issued from ACC Auto Trust 2021-A (AUTOT 2021-A), a subprime auto loan ABS transaction.

    Key Points: 
    • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes that will be issued from ACC Auto Trust 2021-A (AUTOT 2021-A), a subprime auto loan ABS transaction.
    • The preliminary ratings reflect the initial credit enhancement levels ranging from 32.15% for the Class A notes to 7.50% for the Class D notes.
    • ACC originates indirect subprime auto loans by purchasing installment contracts from both independent and franchised dealerships.
    • KBRA considered its operational review of ACC, which was conducted in December 2020, as well as periodic update calls with the Company.

    Subprime Auto ABS Thriving, But Regulatory Uncertainty Looms

    Retrieved on: 
    Thursday, June 17, 2021
    Professional services, Retail, Automotive, General Automotive, Specialty, Finance, Consulting, Subprime mortgage crisis, Finance, Money, Subprime lending, Economy, Government policies and the subprime mortgage crisis, Credit Chronometer™, Davis+Gilbert’s Insolvency, Creditors’ Rights + Financial Products Practice Group, CREDIT CHRONOMETER™, DAVIS+GILBERT’S INSOLVENCY, CREDITORS’ RIGHTS + FINANCIAL PRODUCTS PRACTICE GROUP

    Subprime auto market participants are expecting some deterioration in 2021 as concerns shift from the economic uncertainty brought about by the pandemic, to regulatory uncertainty ushered in with the new presidential administration.

    Key Points: 
    • Subprime auto market participants are expecting some deterioration in 2021 as concerns shift from the economic uncertainty brought about by the pandemic, to regulatory uncertainty ushered in with the new presidential administration.
    • Participants see potential regulatory enforcement or new regulations as potentially dampening enthusiasm for new originations and ABS issuances.
    • A majority of investors expect the pandemic to have a lasting negative effect on their participation in subprime auto securitizations.
    • The Subprime Auto Loan Risk Chronometer, which closely tracks market risks, is a key feature of the site.

    KBRA Assigns Preliminary Ratings to Avant Loans Funding Trust 2021-REV1

    Retrieved on: 
    Thursday, May 13, 2021
    Banking, Professional services, Finance, Finance, Money, Financial markets, Structured finance, Financial law, Fixed-income securities, Credit, Bond market, Asset-backed security, Credit enhancement, Credit rating agency, Subprime lending

    b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Avant Loans Funding Trust 2021-REV1 (\xe2\x80\x9cAVNT 2021-REV1\xe2\x80\x9d), a $200 million consumer loan asset backed security transaction.

    Key Points: 
    • b'Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by Avant Loans Funding Trust 2021-REV1 (\xe2\x80\x9cAVNT 2021-REV1\xe2\x80\x9d), a $200 million consumer loan asset backed security transaction.
    • The preliminary ratings reflect initial credit enhancement level ranging from 46.56% to 1.50% for the Class A through E Notes.
    • Personal installment loans are offered primarily to non-prime consumers through the Avant Platform.
    • KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005756/en/\n'

    Commerce Home Mortgage’s Wholesale Division Has a New Name: Change Wholesale

    Retrieved on: 
    Tuesday, April 20, 2021
    Banking, Professional services, Finance, Money, Finance, Economy, Loans, Mortgage loan, Community development financial institution, Subprime lending, Mortgage bank, The Change Company, Change Wholesale, Change Home Mortgage, THE CHANGE COMPANY, CHANGE WHOLESALE, CHANGE HOME MORTGAGE

    b'The Change Company, America\xe2\x80\x99s Community Development Financial Institution (CDFI), and its mortgage banking subsidiary Change Home Mortgage (the \xe2\x80\x9cCompany\xe2\x80\x9d) announced today the rebranding of the Company\xe2\x80\x99s wholesale division to Change Wholesale.\nTed Ray, President of Change Home Mortgage, said, \xe2\x80\x9cThis rebranding represents an important milestone as we focus our resources on scaling Change Wholesale.

    Key Points: 
    • b'The Change Company, America\xe2\x80\x99s Community Development Financial Institution (CDFI), and its mortgage banking subsidiary Change Home Mortgage (the \xe2\x80\x9cCompany\xe2\x80\x9d) announced today the rebranding of the Company\xe2\x80\x99s wholesale division to Change Wholesale.\nTed Ray, President of Change Home Mortgage, said, \xe2\x80\x9cThis rebranding represents an important milestone as we focus our resources on scaling Change Wholesale.
    • Our wholesale partners are able to benefit from Change Wholesale\xe2\x80\x99s proprietary loan programs \xe2\x80\x93 including our Community Mortgage \xe2\x80\x93 and technology to finance prime borrowers their competitors can\xe2\x80\x99t.
    • Change Wholesale will continue to be operated by its existing management team.\nDenis Kelly, the Company\xe2\x80\x99s Chief Wholesale Officer, added, \xe2\x80\x9cIt\xe2\x80\x99s time to change the wholesale mortgage business to work better for the brokers, the loan officers, and the borrowers they serve.
    • Change Wholesale has successfully emerged as the dominant originator of residential mortgage loans to prime borrowers who are not well served by banks and traditional lenders.

    GWC Warranty Named A Special Finance 175 Honoree By SubPrime Auto Finance News

    Retrieved on: 
    Monday, April 5, 2021
    Subprime mortgage crisis, Personal finance, Subprime lending, Money, Finance, Economy

    Wilkes-Barre, Pa., April 05, 2021 (GLOBE NEWSWIRE) -- GWC Warranty was named one of "The Most Powerful Companies in the Special Finance Industry" by SubPrime Auto Finance News.

    Key Points: 
    • Wilkes-Barre, Pa., April 05, 2021 (GLOBE NEWSWIRE) -- GWC Warranty was named one of "The Most Powerful Companies in the Special Finance Industry" by SubPrime Auto Finance News.
    • The list recognizes the industry's leading providers in every aspect of the subprime auto financing space.
    • The Special Finance 175 acknowledges the "finance companies, service and technology providers, and other organizations that take the most risk and still flourish in this segment of auto financing," says Nick Zulovich, Senior Editor of SubPrime Auto Finance News.
    • In recent years, GWC has also compiled a long list of industry accolades, including being recognized by Subprime Auto Finance News as part of the Special Finance 175 (formerly known as the Subprime 175) six times since 2015.

    Industry Leader A&D Mortgage Releases Revolutionary Prime Jumbo Loan Product

    Retrieved on: 
    Wednesday, March 31, 2021
    Mortgage industry of the United States, Finance, Money, Mortgage, Economy, Personal finance, Loans, Mortgage loan, Jumbo mortgage, United States housing bubble, Subprime lending, Fixed-rate mortgage

    HOLLYWOOD, Fla., March 31, 2021 /PRNewswire/ --A&D Mortgage, a leader in the wholesale Non-QM mortgage market, announces the release of its revolutionary Prime Jumbo loan product effective immediately.

    Key Points: 
    • HOLLYWOOD, Fla., March 31, 2021 /PRNewswire/ --A&D Mortgage, a leader in the wholesale Non-QM mortgage market, announces the release of its revolutionary Prime Jumbo loan product effective immediately.
    • What sets A&D Mortgage's Prime Jumbo product apart from Jumbo loans available from other lenders is the fact that it is an automatic underwriting system (AUS) only loan.
    • A&D Mortgage's Prime Jumbo loan product is available for a 30-year fixed mortgage loan up to $2M for a primary home, secondary home or investment property.
    • In addition to their new Prime Jumbo loan product, A&D Mortgage offers programs for self-employed borrowers using bank statements, profit and loss statements, or 1099s for income verification.