1. At least two privately owned subprime auto lenders recently filed for bankruptcy, and analysts have expressed concerns that others may follow. 2. Auto lenders that avoid the sub-prime market are not at risk, Bill Fisher, an analyst at Raymond James in Tampa, Florida, said. 3. First Enterprise Financial Inc., another auto lender, today was forced to delay release of its earnings because of unexpected bad-loan charges. 4. FirstCity, based in Houston, operates mortgage lender Jay-Hawk Asset Management, student lender ETA, and sub-prime auto lender National Auto Funding. 5. FirstCity, also based in Houston, operates mortgage lender Jay-Hawk Asset Management, student lender ETA and sub-prime auto lender National Auto Funding. 6. First Enterprise joins other sub-prime auto lenders who have come under fire in the last week. 7. FirstCity, also based in Houston, operates Jay-Hawk Asset Management, student lender ETA and sub-prime auto lender National Auto Funding. 8. For instance, the skill with which an auto lender handles payment collection, repossession and resales can have a substantial impact on margins. 9. Jayhawk Acceptance Corp. shares lost almost half their value after the auto lender said yesterday it planned to file for bankruptcy. 10. Jayhawk Acceptance Corp. shares lost more than half their value, after the auto lender said yesterday it planned to file for bankruptcy. |