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 ...
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Under the Hood: Lenders scout staff for IT, collections
Though lenders have pared back hiring efforts, many are looking to fill information technology and collection-related posts as they aim ...
Holding strong: Auto ABS weathers volatile cost of funds
The auto asset-backed securitization market is proving its strength once more in a challenging environment as other asset classes in ...
Listen: Capital One, CPS, GM Financial report earnings to mixed results
First-quarter earnings continued last week, with Capital One Auto Finance, GM Financial and Consumer Portfolio Services reporting mixed results, in ...
Carvana cost of funds rises as expected losses increase
Cost of funds for Carvana’s first nonprime asset-backed securities deal since March 2022 increased as expected cumulative loss levels rose ...
Subprime auto ABS delinquencies reach pre-Covid levels
Delinquencies on subprime auto asset-backed securitization (ABS) transactions are normalizing against a backdrop of macroeconomic uncertainty that could result in ...
Auto ABS issuers to inject $4.6B into secondary market amid benchmark shift
This week was ripe with new auto asset-backed securities (ABS) deals set to enter the capital markets, with three issuers ...
CAC finalizes settlement with Mass. AG for $27.2M
Subprime lender Credit Acceptance Corp. has finalized its settlement with Massachusetts Attorney General’s Office for $27.2 million over allegations that ...
