Capital & Funding
Credit Erosion: Cracks Are Starting to Show in Subprime Auto
Fitch Ratings reported subprime delinquencies hit a 20-year high in March, and some of the smaller lenders in the space...
Santander Pays $26M For Loans Deemed ‘Unfair’
Via moneybright.co.uk/ Flickr Santander Consumer USA entered into a written agreement with the Federal Reserve Bank of Boston on March 21, and...
Deep Subprime Auto Securities Grow to 32% of the Market
The share of deep subprime auto loan securities has grown to nearly a third of the total subprime auto ABS...
Tidewater Holds Reins on Tighter Credit
Tidewater Finance Co. has no plans to continue to tighten credit this year, signaling that the company has stabilized and...
Trump’s SEC Chair Nominee Softens Position on Dodd-Frank Act
Via YouTube Jay Clayton, President Donald Trump’s nominee for Chairman of the Securities and Exchange Commission, has no “specific plans to”...
Westlake Issues Its Largest Auto Securitization at $750M
Westlake Financial Services greets guests at its 2017 NADA booth. (Photo by William Hoffman) Westlake Financial Services issued its largest...
Smaller ABS Issuers Likely to Get ‘Picked Off’ in Mergers, Fitch Says
Given the delinquency and loss rates in the subprime auto securitization market, and the level of competition, it’s “surprising” there...
Beyond Subprime: DOJ Probes BMWFS For Military Compliance
Regulatory enforcement “is not just a subprime credit issue,” in the wake of news that BMW Financial Services is cooperating...
