Loan Losses Are Worse Than Expected at Two Subprime Auto Lenders
© Can Stock Photo / happyalex Recent subprime-auto bonds from Prestige Financial Corp. and Exeter Finance Corp. are performing worse ...
Tag: asset backed securities
KBRA Downgrades Honor Finance Securitization — Again
© Can Stock Photo / gina_sanders Honor Finance’s 2016 asset-backed securitization has been downgraded for a second time by Kroll ...
Fifth Third Returns to Securitization Market With $1.3B Transaction
© Can Stock Photo / cozyta Fifth Third Bank’s latest $1.37 billion offering marks the bank’s return to the auto ...
Weaker Credit Quality Spurs Higher Loss Forecast for Exeter Securitization
© Can Stock Photo / solarseven Moody's Investor Service bumped up cumulative net loss expectations 1% in Exeter Finance’s most recent ...
Jumping In: Online Lenders Join the ABS Market
From the April issue: The auto securitization market is being injected with new blood. It’s been about 15 years since ...
An Explanation of Delinquency Rate Discrepancies Between S&P and the N.Y. Fed
© Can Stock Photo / Angelstorm Inclusion of charge-offs when calculating 90-day delinquencies may spell the difference between the 4.47% ...
Carvana Prices Inaugural Securitization
Online used-car retailer Carvana priced its inaugural asset-backed securitization on March 27, 2019. “The transaction was squarely in line with ...
Sierra Auto Finance Unloads Servicing Portfolio
© Can Stock Photo / AndreyPopov Sierra Auto Finance transferred servicing of its portfolios to First Investors Financial Services on ...
