Loan extensions fall in May after April spike
Auto loan extensions are gravitating back toward pre-pandemic rates, dropping by an average of 55% in May for each of the seven auto asset-backed securitization shelves that reported updated figures, according to an S&P report. The seven shelves represent one-third of the auto ABS shelves’ S&P rates. Investors should welcome the drops in extension rates, […]
Already subscribed? Log in
