Santander injects $480M into ABS market

• Nicole Casperson
• May 21, 2020
• Capital Markets

Santander Consumer USA is bringing $480.8 million of subprime auto loans to the asset-backed securitization...

American Credit Acceptance faces pressure in ABS deal

• Nicole Casperson and Joey Pizzolato
• May 13, 2020
• Capital Markets, Risk Management

American Credit Acceptance’s latest subprime asset-backed securitization provides a glimpse into the pricing pressure lenders...

Ford Credit ABS increases excess spread to pad losses

• Nicole Casperson
• May 7, 2020
• Capital Markets, Risk Management

Ford Motor Credit increased its excess spread by 42 basis points in its latest asset-backed...

S&P: Payment extensions spike in March

• Nicole Casperson and Joey Pizzolato
• May 5, 2020
• Capital Markets, Credit Performance, Risk Management

Auto loan extensions spiked in March in one of the first tangible effects the COVID-19...

Cost of funds rise for HCA as access to capital shrinks

• Nicole Casperson and Joey Pizzolato
• April 27, 2020
• Capital Markets, Risk Management, Sales & Marketing

Hyundai Capital America’s lack of diverse funding sources could limit the captive’s financial flexibility as...

GM renews $2B credit line for GM Financial

• Nicole Casperson
• April 20, 2020
• Capital Markets, Risk Management

General Motors has renewed its $1.95 billion, 364-day revolving credit facility for the “exclusive” use...

CPS poised to survive pandemic

• Nicole Casperson and Joey Pizzolato
• April 16, 2020
• Capital Markets, Credit Performance, Earnings, Risk Management

Consumer Portfolio Services, one of the few subprime auto financiers to have survived the 2008...

RBS cuts London asset-backed, CLO team on Zoom call

• Bloomberg News
• April 1, 2020
• Capital Markets

Royal Bank of Scotland Group Plc is pressing ahead with its restructuring plan, trimming its...