Consumer Portfolio Services logs lowest ABS cost of funds in company history during Q1

Origination volume climbed to highest levels since the onset of the pandemic

© Can Stock Photo / carroteater

Consumer Portfolio Services’ cost of funds through the auto asset-backed securities market hit record lows in the first quarter as credit performance remains strong and origination volume increased sequentially for the subprime lender. Blended cost of funds on the company’s January $230.5 million deal hit 1.11%, the lowest in company history and “relatively unheard of,” […]

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