Capital & Funding
Plummeting Treasury yields a bright spot for auto lenders’ funding costs
Treasury yields are falling following the central bank’s indication Dec. 13 that it would cut rates next year, indicating a...
Large captive signs on with Pagaya Technologies
Pagaya Technologies signed on a large captive during the third quarter as the AI-based lender continues to scale its auto...
US Bank plans to issue $2.5B of auto credit-linked notes
US Bank is issuing $2.5 billion of credit-linked notes tied to a pool of auto loans. It’s the first time...
Westlake eyes growth, ups capital market activity
Westlake Financial is looking to shore up its liquidity to prepare for additional growth in 2024 as others in the...
New subprime issuers contribute to higher ABS delinquencies
An uptick in auto asset-backed securities issuance by small, newer subprime issuers in recent years contributed to an increase in...
Tenet raises $30M in funding
Electric vehicle financing company Tenet secured $30 million in funding on Nov. 15 to increase the volume of loan originations. ...
Western Funding secures $450M warehouse facility
Las Vegas-based subprime lender Western Funding secured its first independent warehouse facility on Nov. 13 as the company looks to...
Fed holds rates at 22-year high, signals concern on yield rise
The Federal Reserve held interest rates at a 22-year high for a second straight meeting, while suggesting that the recent...
