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Westlake Financial offloaded $100 million in auto subprime loans to HFC Acceptance a week after issuing its first auto asset-backed securitization deal of the year. Westlake announced the sale of self-originated new and seasoned subprime auto loans to the yacht, aircraft and real estate financier at a 112% principal premium on Jan. 13, according to Westlake release. Principal premium refers to […]
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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
