Capital & Funding
Subprime auto ABS servicers build support as losses rise
Certain servicers of subprime auto asset-backed securitization transactions are forgoing their fees and helping build credit enhancement as cumulative net...
Podcast: ‘Weekly Wrap’ takes on auto ABS market, powersports
Banks continued to tap the auto asset-backed securitization market last week to offload consumer debt amid shrinking deposits. Fifth Third,...
Under the Hood: Lenders spice up funding routines
Financiers are getting creative in the securitization market as investor demand spurs auto-backed issuance. Seasoned issuers are finding new ways...
JPMorgan, Wells Fargo, Citigroup top auto ABS underwriters in H1 2023
JPMorgan Securities, Wells Fargo Securities and Citigroup landed as the top three underwriters of auto asset-backed securities deals in the...
Podcast: ‘Weekly Wrap’ discusses captives, credit access
Vehicle affordability and credit access improved in July in a positive sign for the auto finance industry following months of...
Return of student loan payments could drive up securitized auto losses
Delinquencies and losses rose across prime and nonprime securitized auto loan pools in July as declining used-car values and inflationary...
Credit Acceptance Corp. upsizes latest subprime ABS deal
Subprime auto asset-backed securitization issuances this week were characterized by fewer receivables in the collateralized loan pools and longer loan...
S&P Global’s auto ABS deal ratings rise 25%
Credit rating agencies rated 24% more auto ABS deals during the first half of 2023 compared with a year ago...
