Oct. 24, 2005


  • I thought the data at the beginning about the market and who is serving it was very helpful. Would liked to have seen a credit union example of non prime, but not as a separate program, just an extension of their regular auto lending efforts. This might be risk based or not; for example how does Pentagon do this with one price for all or Navy FCU?
  • One of the main reasons non-prime lending has been growing is because of where we are in the credit cycle, only when the cycle turns will we be able to see which risk models are adequate.