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Agora Data has closed the industry’s first-ever crowdsourced auto securitization, backed by loans originated from buy-here, pay-here lenders and dealers. The deal, which was an unrated private placement clocking in at under $100 million, served as a proof of concept for the company’s new crowdsourced securitization structure, Agora Chief Executive Steve Burke told Auto Finance […]
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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
