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Honda Finance injects $1B into ABS market

Loans in American Honda Finance Corp.‘s latest securitization have the shortest original and remaining terms when compared with other issuers’ pools, according to a Moody’s Investor Services presale report. The $1.1 billion securitization is on track to be upsized to $1.3 billion based on investor demand. Read more: American Honda Finance Dodges Class-Action Lawsuit The loans backing […]

Ally Hits ABS Market With Second $1B Transaction

Ally Financial is bringing $1.12 billion in asset-backed securities to market in a deal that’s expected to close June 11, according to a presale report by S&P Global Ratings issued this week. The deal is Ally’s second this year, propping up the lender's ABS volume to $2.24 billion since January. Ally’s latest transaction consists of […]

Appetite for Higher Yields Spurs Boost in Single-B Securitizations

Increasingly risky securitizations are becoming more popular as a looming contraction period has investors hungry for higher yields. Although single-B-rated loan tranches are described as “speculative” and “unlikely to survive even a mild deterioration in economic conditions,” rating stability and upgrades have made investors feel comfortable with this asset class, said Amy Martin, primary credit […]

7 Powersports Executives Offer Predictions for 2018

Despite lagging sales and natural disasters last year, 2018 is projected to be a solid year for powersports finance, according to several executives. From potential new-entrant lenders poised to join the industry, to technology enhancements and the newly passed tax bill, a lot is expected to stir in the industry this year. Powersports Finance asked […]
  • Natalie Mattila
  • January 2, 2018
  • Features

New York Ups Enforcement With Settlement Against 3 Auto Lenders

Three auto finance companies — Credit Acceptance Corp., Clover Commercial Corp, and Westlake Financial Services — are the first auto lenders targeted by the New York Department of Consumer Affairs as the city ups its enforcement of “predatory financing practices.” The companies will pay a combined settlement of more than $311,000 in restitution to 50 […]

RoadRunner President to Discuss Used Financing at PowerSports Finance 2017

Roadrunner Financial is seeing “quick dealer adoption” of its used-vehicle financing program, which launched just four months ago, President Jason Guss told Powersports Finance. While a majority of Roadrunner’s business is new financing, the used-financing program “has been extremely successful so far,” he said, adding that 80% of Roadrunner’s dealers who are using the second-look […]
  • Natalie Mattila
  • September 15, 2017
  • Archives

LTVs Decline in 1Q as Subprime Lenders Aim to Steady Loss Levels

DALLAS — Six subprime auto finance companies in the secondary market have reduced loan-to-value ratios in their underwriting by 100 basis points or more in the first quarter, said Amy Martin, lead analyst for auto ABS at S&P Global, during a presentation at the NAF Association’s Nonprime Auto Financing Conference. Those six include American Credit […]

10 Powersport Lenders Pushing the Tech Envelope in 2017

Innovation is happening in almost every aspect of the powersports industry, from online dealerships entering the auto and powersports industries, to smaller financial institutions upgrading their dealer portals and loan origination systems. While, historically, many powersports customers have preferred a “personal touch” — such as a phone call — from their lenders, rather than a […]
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