CFPB change to nonbank oversight could affect securitizations
The Consumer Financial Protection Bureau’s reexamination of its oversight of nonbank auto finance companies may affect auto asset-backed securitization transactions. ...
Tag: ABS East
Podcast: Tricolor bankruptcy prompts calls for transparency, portfolio reviews
Investors are seeking more transparency following Tricolor’s Chapter 7 bankruptcy filing last month, which has also prompted several auto lenders ...
Investors call for ‘increased transparency’ in wake of Tricolor
Asset-backed securitization investors are calling for more transparency across asset classes in the wake of the collapse of subprime lender ...
California CARS Act could indirectly impact auto securitizations
A ramp-up of state regulation amid a pullback from the Consumer Financial Protection Bureau could have an indirect impact on ...
Ford Motor director of capital markets confirms ‘no double-pledging’
MIAMI — Auto lenders that target consumers across the credit spectrum are under a microscope following Tricolor Auto’s Chapter 7 ...
S&P projects losses for no-FICO lenders, puts notes on CreditWatch Negative
MIAMI — Auto securitization ratings experts are expecting further losses for lenders that specialize in servicing consumers with thin credit ...
Bankers split on recession outlook
MIAMI — Investment banking firms are split on their recession outlooks for 2024 amid high interest rates and wavering consumer ...
World Omni Financial securitizes 78-month loans
MIAMI — World Omni Financial has started to include loans with 78-month original terms in its nonprime securitizations, Bryan Romano, ...
