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 ...
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 ...
RBS cuts London asset-backed, CLO team on Zoom call
Royal Bank of Scotland Group Plc is pressing ahead with its restructuring plan, trimming its securitized credit team in London ...
Fitch: Auto ABS outlook negative
The performance of auto loan and lease ABS deals has been revised to negative from stable due to coronavirus concerns, ...
Fed announces $100B in TALF loans to bolster auto ABS
The Federal Reserve announced today the revival of its term asset-backed securities loan facility (TALF) to provide increased access to ...
ABS loss ratio stays under 1% despite longer-term loans in GMF’s latest deal
GM Financial is bringing $1.3 billion in asset-backed securities backed by prime auto loan receivables to market, according to a ...
Testing the resiliency of auto ABS
The auto asset-backed securities market continues to attract investors — even from overseas. While market headwinds brought on by lengthening ...
