Fewer loan modifications pushes up losses in Santander's latest ABS deal | Auto Finance News | Auto Finance News

Fewer loan modifications pushes up losses in Santander’s latest ABS deal

via Wikimedia Commons

Santander Consumer USA’s third asset-backed securitization of the year is bringing $1.2 billion auto loans to market in a deal that’s expected to close Aug. 21, according to a presale report by S&P Global Ratings issued today. The deal props up the subprime lender’s ABS volume to $3.4 billion this year, a 10.5% year-over-year decline.  The […]

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