Weekly Wrap: Digital financing, auto ABS and subprime rates
This week, the news cycle was dominated by the Democratic National Convention and former Vice President Joe Biden’s presidential nomination ...
Tag: asset backed securities
Rising sales boost floorplan ABS performance
Floorplan asset-backed securities are performing well on the heels of rising vehicle sales in May and early June, according to ...
Tricolor’s 2018 ABS vintages upgraded amid COVID-19
All three tranches of Tricolor Auto Acceptance’s 2018-2 vintages were upgraded as a result of increased credit enhancement, according to ...
Hertz says survival tied to reducing fleet to fit new normal
Hertz Corp. will sell as many of its rental cars as possible while in bankruptcy to bring its huge fleet ...
Hertz creditor talks reach impasse ahead of Friday deadline
Hertz Global Holdings Inc. has been at loggerheads with a key group of creditors with time running out to cut ...
Santander injects $480M into ABS market
Santander Consumer USA is bringing $480.8 million of subprime auto loans to the asset-backed securitization market in a deal expected ...
American Credit Acceptance faces pressure in ABS deal
American Credit Acceptance’s latest subprime asset-backed securitization provides a glimpse into the pricing pressure lenders face when leveraging capital markets ...
Ford Credit ABS increases excess spread to pad losses
Ford Motor Credit increased its excess spread by 42 basis points in its latest asset-backed securitization issued this week, according ...
