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 ...
Tag: auto ABS
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 ...
S&P: Payment extensions spike in March
Auto loan extensions spiked in March in one of the first tangible effects the COVID-19 pandemic has had on the ...
Cost of funds rise for HCA as access to capital shrinks
Hyundai Capital America’s lack of diverse funding sources could limit the captive’s financial flexibility as the cost for debt funding ...
GM renews $2B credit line for GM Financial
General Motors has renewed its $1.95 billion, 364-day revolving credit facility for the “exclusive” use of its captive finance arm ...
CPS poised to survive pandemic
Consumer Portfolio Services, one of the few subprime auto financiers to have survived the 2008 credit crisis, will likely be ...
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 ...
