PrimaLend Capital Partners filed for bankruptcy after months of negotiations with creditors following missed interest payments on its debt, the latest sign of stress in a pocket of the US economy catering to low-income consumers. The company, which provides financing to “buy here, pay here” auto dealerships focused on subprime borrowers, in a press release said it was pursuing a …
Read More »As mortgage rates dip again, this is the No. 1 mortgage lender of October 2025 MarketWatch Mortgage rates fall for second straight week as shutdown, economic uncertainty weigh Fox Business Mortgage Calculator: Here’s How Much You Need To Buy a $425,000 Home at a 6.27% Rate Realtor.com What homebuyers can expect now that mortgage rates are falling, according to experts CBS News Mortgage Rates …
Read More »The recent collapse of subprime auto-lenders Tricolor Holdings and debt-heavy auto-parts company First Brands has raised questions about the health of the credit market. JPMorgan’s CEO Jamie Dimon voiced caution over the high-profile crack-ups, saying his “antenna” is up. “When you see one cockroach, there’s probably more,” Dimon said on the bank’s third-quarter earnings call with analysts. JPMorgan had no …
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First Brands Group Holdings has filed for Chapter 11 bankruptcy, capping weeks of turmoil sparked by creditor concern over the auto-supplier’s use of opaque off-balance sheet financing. A group of creditors are set to provide the company with $1.1 billion in debtor-in-possession financing to keep operations running, according to a statementBloomberg Terminal Monday. Without court protection, creditors had been unwilling …
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Facebook Tweet Email Link Tricolor, a major subprime auto lender specializing in buyers without social security numbers or credit histories, is going out of business. The company filed for bankruptcy on Wednesday. Most companies that file for bankruptcy intend to stay in business. But Tricolor does not – it plans to liquidate. Tricolor has not been available for comment. Tricolor’s …
Read More »Blockchain lender Figure valued at $7.6 billion as shares jump in Nasdaq debut Reuters Figure Stock Surges in Trading Debut. The Blockchain Lending Company Is Another Hot IPO. Barron’s Blockchain lender Figure soars 30% after Nasdaq debut, nears $6 billion valuation Fortune Figure co-founder on IPO: We will transform investing by using the blockchain Yahoo Finance Figure Technology Shares Jump 44% After $787.5 Million …
Read More »Blockchain lender Figure valued at $7.6 billion as shares jump in Nasdaq debut Reuters Unexpected winners in Figure’s IPO Axios Figure co-founder on IPO: We will transform investing by using the blockchain Yahoo Finance Blockchain lender Figure raises $787.5 million in US IPO Reuters Figure Technology Shares Jump 44% After $787.5 Million IPO Bloomberg.com Source link
Read More »Subprime Auto Lender Collapse Delivers Blow to Risky Debt Market Bloomberg.com Federal Prosecutors Looking Into Fraud Allegations at Tricolor Bloomberg.com Car lender’s failure hints at what’s under the hood in private credit Financial Times D-FW auto lender, dealer files for bankruptcy amid fraud allegations from major bank Dallas News Fifth Third to Incur $170-$200M Charge in Q3 on Loan Fraud Exposure Yahoo Finance Source link
Read More »Subprime Auto Lender Tricolor Files for Bankruptcy Bloomberg Exclusive: Tricolor Auto is filing for bankruptcy, sources say Car Dealership Guy News Tricolor Auto may file for bankruptcy, sources say Auto Finance News Tricolor Auto said to furlough employees, shutter operations Auto Finance News Tricolor Auto suspends operations, places majority of workforce on temporary leave Car Dealership Guy News Source link
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