General Acceptance Corp., a subprime auto lender mostly owned by Conseco Inc., Thursday announced a $6.4 million first- quarter loss and the resignation of its chief financial officer.

Conseco, which said this month it would purchase manufactured-housing lender Green Tree Financial Corp., owns 90% of General Acceptance following transactions that closed yesterday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.