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Subprime lender OneMain Financial has issued its first asset-backed securities (ABS) deal of the year, a $600 million transaction backed by subprime and nonprime auto loans originated through its direct channels. The issuance is the lender’s sixth securitization of its direct auto portfolio. OneMain last issued a $736.9 million ABS deal in 2019 and first […]
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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
