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APR 48 Mos.
Cost of funds for Carvana’s first nonprime asset-backed securities deal since March 2022 increased as expected cumulative loss levels rose amid lengthened loan terms and deteriorating credit performance in the lender’s nonprime portfolio. The $478.8 million deal saw spreads widen and overcollateralization increase. Spreads on AAA-rated bonds landed at 175 basis points (bps) over I-Curve, […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
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David Thompson
David Thompson
David Thompson
