Westlake Portfolio Management to service Mechanic Bank’s auto portfolio
Westlake Portfolio Management has taken over servicing for Mechanics Bank Auto Finance’s portfolio. Westlake Portfolio Management (WPM) will service the ...
Tag: American Car Center
Subprime auto bondholders face possible first hit in decades
The collapse of two US auto dealers and a growing pile of delinquent car loans are threatening to deliver losses ...
2 subprime securitizations at risk of default
NASHVILLE, Tenn. — Two securities backed by subprime automotive loans are at risk of posting principal losses in what would ...
American Car Center parent files for bankruptcy
RAC Asset Holdings on Tuesday filed for Chapter 7 bankruptcy protection in Delaware following the closure of subprime auto lender ...
