Capital & Funding
Santander Consumer USA Receives DOJ Subpoena
Santander Consumer USA said today in an SEC filing that it recently received a civil subpoena from the U.S. Department...
DOJ’S GMF Subpoena Could Signal Greater Subprime Scrutiny
A U.S. Department of Justice subpoena of General Motors Financial Company, Inc. documents related to orginations and securitizations could be...
GMF Ups YoY Consumer Originations $1.1 Billion
General Motors Financial Company, Inc. said its second quarter 2014 consumer loan originations were $3.6 billion for the second quarter...
Securitizations On a Roll
Auto loan securitizations are back in business, and it looks like yearend totals will top 2013. Overall retail auto loan...
TCF Bank Issues First-Ever ABS
Minnesota-based TCF Bank announced its first-ever issuance of asset-back securities (TCFAT 2014-1) this week. Standard & Poors published a presale...
Subprime Lending Nears Pre-Crash Levels: S&P
Subprime auto lending activity is close to pre-financial crisis levels as a result of lenders’ increased access to capital, and...
Huntington’s Auto Loans Driving Strong Growth
Huntington Bancshares Inc released its second quarter earnings this week and reported a $3.7 billion increase in total loans, or...
Rising Depreciation Rates Won’t Dent Auto ABS
Depreciation rates on used vehicles are approaching levels not seen since the recession. That trend will soon reverse, however, and...
