Pagaya auto run rate up 109% YoY
Pagaya Technologies’ auto volume climbed to a record high in the first quarter as it further diversified its funding levers and expanded auto credit parameters. The fintech’s ...
Tag: credit losses
Millions in losses prompt Ally Financial to escalate lease depreciation
Auto lenders are facing higher losses tied to lease terminations, especially as electric vehicles come off lease with lower-than-expected residual values. Ally Financial accelerated its lease ...
Auto ABS performance projected to weaken in 2026
Performance across securitized auto loans is expected to weaken further in 2026 as borrowers continue to face higher costs. Nonprime ...
Auto delinquencies rise 88 bps across securitized nonprime loans
Early-stage delinquencies rose across prime and nonprime securitized auto loans in October, while net losses improved, and auto asset-backed securitization ...
Student debt could raise losses across securitized auto loans
Credit performance across securitized auto loans worsened year over year in May but improved month over month, with the impact ...
Moody’s upgrades auto ABS deals, performance weakens
Moody’s Ratings has upgraded ratings across several auto asset-backed securitization transactions as credit enhancement cushioned against losses, while credit performance across ...
Tax refunds could offset rising DQs on securitized loans
Delinquencies and losses across prime and nonprime securitized auto loans rose year over year but improved sequentially in December in ...
GM Financial’s lease originations up 14% year over year
GM Financial’s originations increased in the third quarter as an uptick in leasing volume offset a decline in new retail ...
