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The weighted Fico score in Ally Financial’s latest ABS pool increased slightly to 745.8, up from 744.4, according to a presale report from Standard & Poors. The new ABS offering consists of $1.7 billion in notes, of which $1.3 billion will be rated by S&P. The percentage of loans with original maturities of 73-75 months increased slightly to 10.1%, up from the 9.9% in Ally’s previous ABS offering this year.
Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
