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Agora Data has closed its second crowdsourced subprime auto asset-backed securitization, which closed May 27. Agora successfully crowdsourced 40 buy-here, pay-here (BHPH) lenders into its Agora Capital program with an unpaid principle balance of nearly $200 million. The deal was an unrated private placement, underwritten by Credit Suisse. The deal is more than double its […]
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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
