Capital & Funding
CPS Boosts Provisions as Delinquencies Rise in 2Q
With originations slowing down and delinquencies ticking up, Consumer Portfolio Services is provisioning more for its losses, Charles Bradley, chief executive...
LTVs Hit Record Low in Santander’s DRIVE Auto Securitization
Santander Consumer USA's Drive platform had the lowest LTV rate in its latest securitization than all the previous Drive asset-backed...
Ford Credit Canada Preps Floorplan Securitization
Ford Credit Canada has issued its first floorplan securitization since 2013, and ratings agency DBRS expects the new issuance will perform...
Chase Auto Lease Outstandings Rise 41% YoY in 2Q
Chase Auto Finance’s second-quarter lease outstandings increased 41% in the past year to $14.7 billion, the bank announced in its earnings...
Longer Loan Terms Drive Negative Equity Trade-Ins
Negative equity trade-ins are on the rise due to lenders extending loan terms past 72 months, Ivan Drury, senior analyst...
First Investors Aims to Expedite Approvals With New LOS
First Investors Financial Services -- in conjunction with one of the primary credit reporting agencies -- will debut a new...
Subprime Securitization Markets Sees Increased Fragmentation
The secondary market continues to fragment as three players have issued their first-ever securitizations within the last year -- including...
Gateway One Reins In Securitization Program for ‘Predictable’ Profits, President Says
Gateway One Lending & Finance has scaled back its securitization program, as it looks to bolster loan quality and secure...
