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A tale of two subprime securitizers 

SAFCO, Lendbuzz recently issued auto ABS deals 

Marcie Belles

Newbie securitizer Southern Auto Finance Co. has been strengthening its origination dynamics but has yet to score ABS loss expectations as low as those of peer Lendbuzz. SAFCO and Lendbuzz have a similar client base and ownership model. Both have a 32-state footprint, with the greatest percentage of their business coming from Florida and Texas. […]

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