CNBC's Phil LeBeau reports auto loan delinquencies are climbing and that could spook already jittery markets. Also LeBeau weighs in on Tesla's stock ahead of earnings on Wednesday.» Read More
Discussing the merger deal between Johnson Controls and Tyco, and corporate taxes, with Steven Rattner, Willett Advisors, and Ron Bloom, Lazard.
Discussing the quality of auto loans, and low gas prices, with Steven Rattner, Willett Advisors, and Ron Bloom, Lazard.
Basically you can apply for a mortgage online in about eight minutes, says Dan Gilbert, Quicken Loans chairman, talking about the launch of the company's "Rocket Mortgage" campaign.
Dan Gilbert, Quicken Loans founder, discusses investing in sports tech innovation.
Dan Gilbert, Quicken Loans founder, discusses investing in new technology, and weighs in on the pulse of the housing market. We haven't seen long-term rates move after the Fed hiked short-term rates, says Gilbert.
Lion Point, co-founded in 2014 by former portfolio managers from Elliott Management and Perry Capital, said Ally ignored this request and also chose to make their private discussion public via its release on Monday. Lion Point is targeting a $9 billion company in its first such campaign while holding less than 1 percent of Ally's stock. Ally, the largest auto...
After a tough opening day for the stock market, at least one automaker says it's not worried about 2016.
LOS ANGELES, Dec 16- For everyone who has been saying interest rates can only go up, well- now is their time. But what does the Federal Reserve's decision to raise interest rates actually mean for your wallet? The move is likely to be the first of many and will gradually boost rates for a variety of consumer loans, said Greg McBride, chief financial analyst for...
CNBC's Phil Lebeau reports on the potential impact a rate hike could have on the consumers in the market for a new car.
CNBC's Phil LeBeau takes a look at new data which shows who's borrowing money to finance auto purchases.
Auto loans stretching seven years are often criticized because they leave borrowers underwater for years, but they're gaining in popularity.
CNBC's Phil LeBeau takes a look at what's driving car sales higher as auto loans surge to nearly a trillion dollars.
WASHINGTON, Nov 2- Banks lowered lending standards for U.S. mortgages in the third quarter and a modest share of them made it easier for households to get credit card and auto loans, according to a survey of loan officers released on Monday by the Federal Reserve. The U.S. central bank said the easing of standards for mortgages applied to loans that qualified to be...
Oct 29- Ally Financial Inc, the largest U.S. auto loan company, reported a 37 percent fall in quarterly profit as it made less money from its automotive and dealer financing businesses. Net income fell to $268 million, or 47 cents per share, in the third quarter ended Sept. 30 from $423 million, or 74 cents per share, a year earlier. The company has been trying to boost its...
Sept 28- Fifth Third Bancorp will pay $21.5 million to settle U.S. charges that it discriminated against black and Hispanic borrowers on auto loans, and deceived credit card customers into paying excess fees, authorities announced on Monday. In the first settlement, the Cincinnati- based lender will pay $18 million to resolve claims by the Department of Justice...
Juergen Pieper, head of automotive research at Bankhaus Metzler, expects sales of Volkswagen cars to fall drastically in the next few months.
FRANKFURT, Sept 25- The European Central Bank has suspended purchases of Asset Backed Securities backed by car loans from Volkswagen, a person familiar with the matter said on Friday. The person said that there would be a review before any final decision was made on whether to permanently exclude such paper from the ECB's purchase program.
CNBC's Landon Dowdy gives tips on how to find the best deal when shopping for a used car.
A Fed rate hike would affect consumers looking for car and personal loans more than those seeking mortgages, LendingTree founder Doug Lebda tells CNBC.
Doug Lebda, LendingTree CEO, explains how a rate hike would impact mortgages, student loans and auto loans.