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Funding-Strategy – Details


Funding 5-Year Fixed-Rate Auto Loans at 3.49%

September 14, 2015

According to data from the Board of Governors of the Federal Reserve, motor vehicle loans outstanding totaled $994 billion at the end of Q2 2015. From 2010 to 2014, the balance had grown at a yearly average of $60 billion, with another $36 billion added in the first two quarters of 2015.

Results from the Federal Reserve Bank of New York Survey of Consumer Expectations show that the rejection rate for auto-loan credit applications fell to as low as 3.3 percent in June of 2015. Gas prices for the September 7, 2015 Labor Day weekend were the lowest recorded in the last 11 years, and the average age of vehicles on the road in the U.S. stands at a record high of 11.5 years.

In response to recent inquiries from FHLB Boston members seeking to fund auto loan portfolios, various funding strategies have been evaluated. The following examples can be customized to match the lending rates and prepayment speeds of your portfolio.

View the funding strategies Adobe PDF icon



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