Auto Finance Reaches All-Time High

The total outstanding balance on open automotive loans continued to rise in the fourth quarter of 2014, reaching an all-time high of $886 billion, according to Experian Automotive. According to its latest State of the Automotive Finance Market report, the volume of open loans increased across all risk tiers. However, despite the increases in volume, … Read more

US Treasury Reduces Ally Stake to 13.8%

WASHINGTON, D.C. — The U.S. Department of the Treasury’s ownership in Ally Financial continues to shrink. Treasury officials on Friday announced the completion of the first pre-defined written trading plan for Ally common stock. The Treasury said it sold 8,890,000 shares and recovered approximately $218.7 million for taxpayers.   Don’t miss the upcoming BHPH Bootcamp … Read more