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Attorney Eric Johnson and Allen Denson of Hudson Cook discuss regulatory issues at the recent National Alliance of Buy-Here, Pay-Here Dealers conference.

Mortgages Lead to Auto Credit

Mortgages Lead to Auto Credit Featured

A new TransUnion study found that consumers applying for a new mortgage are on average two to three times more likely to open a new auto loan over the next 12 months.

In fact, many of these consumers open these accounts as soon as one month after their existing mortgage payoff.

Prime or better mortgage applicants on average can be up to three times as likely to open a new auto loan in that same 12-month period.

TransUnion’s study included 16.7 million consumers who paid-off their mortgages and moved with new mortgages or refinanced their existing mortgages between the first quarter of 2013 and the second quarter of 2015. The study observed consumers in the prime or better risk tiers, who make up the large majority of the mortgage-seeking population.

Read 3360 times Last modified on Friday, 08 July 2016 18:56
Consumer Reports Ranks Brands For Reliability

Consumer Reports Ranks Brands For Reliability

Toyota and Lexus once again finished atop the Consumer Reports’ Annual Auto Reliability Survey, but the news was the No. 3 finisher – Buick.The General Motors division became the first...

Senator Asks Watchdog to Look at Auto Finance Rule

Senator Asks Watchdog to Look at Auto Finance Rule

A U.S. Senator has asked the Government Accountability Office to look at the Consumer Financial Protection Bureau’s indirect auto finance guidelines. Sen. Pat Toomey sent a letter to...

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