Capital & Funding
CACC Income Rises in 2Q, Yet Volume Per Dealer Drops 1.8%
Credit Acceptance Corp. reported net income of $84.9 million in the second quarter, compared with $74.2 million during the same a year...
OneMain Preps First Securitization
OneMain Financial has issued the inaugural auto loan securitization for Springleaf Finance Corp., backed by $400 million of subprime auto...
U.S. Bank Sees 6.9% Auto Origination Growth in 2Q
U.S. Bank’s average auto loans -- which have a weighted average Fico of 772 -- totaled $16.7 billion in the second quarter, up from...
Credit Losses Rise, Yet ‘Returning to Normal,’ S&P Says
Performance for both the prime and subprime sectors exhibited higher losses and delinquencies, and lower recoveries in the past year,...
Expected Loss for HDFS $302MM ABS Low Despite High Credit Losses
The cumulative net loss expectation for Harley-Davidson Financial Services’ latest asset-backed securitization is low — 1.5% — regardless of a...
3 Steps for a Successful ABS Offering
Issuing a securitization can “help out with the bottom line” and generate increased interest from investors, according to Donal Hummer...
Liquidity is a Concern in Securitization Market, Santander CFO Says
BOSTON — Liquidity has become a concern in the capital markets, Ismail Dawood, chief financial officer of Santander Consumer USA,...
Fitch Predicts Summer Slow-Down for Auto ABS Performance
Auto ABS performance will deteriorate slowly over the summer, according to Fitch Ratings. Both prime and subprime metrics improved in...
