Navigator Acceptance announced today they will come to market in early December with a $3mm to $5mm loan pool of subprime automobile paper. The loans were originated from the company’s captive dealer group, Navigator Dealer Group (“NDG”). The Acceptance Company owns and services $80mm of subprime loans. NDG own and operates eight BHPH dealerships located throughout Indiana and Georgia. For information please contact Yun Jung Choi at [email protected] WWW.navigatoracc.com
Obama calls the US government a “reluctant shareholder,” but it is a shareholder nonetheless. As my colleague, Marcie Belles, wrote earlier, this balance between active and passive ownership by the US government is difficult to understand or foresee.