Westlake’s Latest ABS Shows ‘Negative Shift,’ S&P Says
Westlake Financial Services is prepping its second securitization of the year, backed by $550 million of subprime auto loan receivables, ...
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New Fico Includes Trended Data
TransUnion and Fico unveiled the Fico Auto Score 9 XT -- a new score that incorporates alternative data, the companies announced yesterday. Based on ...
It’s Not Your Father’s Servicing System
We have all read the headlines. With continued high demand expected for loans and leases, and over one trillion dollars ...
CPS Implements Text and Tablet Apps for 2Q16
Customer Portfolio Services (CPS) is continuing to overhaul its collection process. “We’re testing a smart tablet payment application to download from ...
FCA’s $350MM Securitization Shows ‘Structural Changes’
Flagship Credit Acceptance LLC (FCA) is preparing an asset-backed securitization worth $350 million in a transaction set to close on ...
Wells: Growth in Auto Volume, With Subprime Steady
Wells Fargo & Co. reported a 9% year-over-year increase in total auto originations, hitting $7.7 billion in the first quarter ...
BofA Auto Originations Soar 35%
Bank of America reported double-digit growth in its auto loan origination volume this morning -- up 35% both on a year-over-year ...
Keep it Short and Sweet at the Dealership, Wells Says
Across the board, dealers are looking to integrate the consumer's online experience with his in-store experience, in order reduce friction and ...
