Capital & Funding
CPS Adds $332.7 Million to the Securitization Pipeline
Consumer Portfolio Services (CPS) is preparing a securitization deal worth $332.7 million backed by subprime auto loan receivables, according to...
Ford Credit Issues $1.3 Billion Securitization
Ford Motor Credit Co. LLC is heating up the securitization pipeline with a $1.3 billion offering backed by prime auto...
It’s Time for Marketplace Lending to Evolve, Prosper President Says
SAN FRANCISCO -- The marketplace lending industry is no longer an alternative financial industry, Ron Suber, president of Prosper Marketplace,...
Rising Subprime ABS Losses ‘Vary’ by Lender, Moody’s Says
Net loss rates are increasing in the subprime-backed ABS sector, according to report from Moody’s Investor Services released yesterday. However,...
Santander Consumer USA Revises Earnings Three Years Back, According to 10-K
Santander Consumer USA (SC) filed its annual 10-K report with the Securities and Exchange Commission on Thursday, with “revised methodology...
CREDIT: Increase in Loans, Increase in Subprime
More consumers have chosen to finance their vehicles, while lenders have dug deeper into subprime space, experts suggest.
Shorter Terms, Higher Credit Scores in GMF’s ABS Offering
General Motors Financial Co. is extending fewer longer term leases, according its first auto lease securitization this year. The $1 billion...
Continued Stock Decline Could Indicate Recession
Consumer finance company and bank stock values appear to be pricing in a domestic recession in the foreseeable future, brought...
