Floorplan lenders tweak securitization structures for ABS comeback
Loan- and lease-backed volume resumed in mid-April after the auto securitization market ground to a halt in March, but floorplan...
Refi-related loan extensions could soften delinquency blow
2020 will long be known as the year of the pandemic. For auto financiers, it will also be remembered as...
NYC’s new collection rule — and its consequences
As New York City started to ease coronavirus lockdown restrictions in late June, the city’s Department of Consumer and Worker...
Credit trends among young service members
While consumers bogged down by financial obligations are barred from joining the military, service members often accrue debt — particularly...
Online lending growth spurs need for heightened fraud-prevention efforts
Enhanced online lending is a natural outgrowth of the COVID-19 pandemic. In the past few months, online lenders have stepped up operations and expanded their digital...
The rise — and fall — of auto ABS spreads
COVID-19 has affected the health of the nation as well as the securitization market — for the moment. Pre-pandemic, auto-backed...
Vroom and Carvana: A tale of two IPOs
Timing is everything. Vroom priced an initial public offering this week, and shares shot up 118% to $47.90 each in...
How subprime lenders face the coronavirus economy
What a difference a few months make. Last year, subprime lenders outpaced banks, captives and credit unions at a rate...
