SFA: Tricolor collapse not ‘canary in the coal mine’ for subprime ABS
Losses on nonprime securitized auto loans rose 58 bps YoY in August
Tricolor Holdings’ bankruptcy likely isn’t a catalyst of significant upheaval for the subprime auto securitization market. Tricolor was a buy here, pay here retailer and subprime auto lender that primarily serviced its own loans and was a programmatic issuer in the auto asset-backed (ABS) securitization market. The company’s structure “left warehouse lenders and ABS investors […]
Already subscribed? Log in
