Direct loans and APR prop up Flagship ABS | Auto Finance News | Auto Finance News

Direct loans and APR prop up Flagship ABS

© Can Stock Photo / webking

Flagship Credit Acceptance’s July 23 securitization, which funneled $213 million into the ABS market, saw a rise in the APR and concentrations of direct loans, offsetting the need for increased credit enhancement even as the company’s projected losses increased, according to a S&P Global presale report.   “In our view, the greater proportion of direct loans, […]

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