CarMax Auto Finance Not Afraid of Rising Interest Rates, Says CFO
A higher interest rate won’t slow down CarMax Auto Finance. The company’s executive vice president and chief financial officer, Tom ...
Ford to Offer Financing in India for the First Time
Ford Motor Credit Co. will offer vehicle financing in India for the first time, with the launch of Ford Credit ...
CarMax Nonprime Loan Test Continues as Portfolio Hits $56.7 Million
Richmond, Va.-based CarMax Inc. reported a total of $56.7 million in nonprime loans during its 2014 test period. CarMax reported a boost ...
Securitization Deals Near $3 Billion in December
The last month of 2014 was a popular one for securitizations as banks and automotive finance companies finalized deals to ...
NYDFS Closes Case Against Condor Capital
As the year comes to a close, so does the New York Department of Financial Services’ lawsuit against Condor Capital ...
California Republic Completes $325 Million Securitization
California Republic Bancorp completed a $325 million securitization of auto loans to close out the year. The deal, which included ...
Mass. AG Reportedly Investigating SCUSA’s Subprime Practices
Massachusetts Attorney General Martha Coakley is said to be investigating Santander Consumer USA Inc.’s subprime auto lending practices, according to ...
Moody’s: Auto ABS May Remain Flat in 2015, Loan Terms to Get Longer
Auto ABS issuance will “rise only slightly,” or remain flat in 2015, according to a 2015 outlook released in mid-December by Moody’s Investor ...
