Securitized auto delinquencies improve sequentially as tax refunds roll in
Securitized auto loan delinquencies improved month over month in February as consumers received tax refunds, but levels remained elevated from ...
Tag: Kroll Bond Rating Agency
Under the Hood: Lenders spice up funding routines
Financiers are getting creative in the securitization market as investor demand spurs auto-backed issuance. Seasoned issuers are finding new ways ...
Octane issues 2nd $400M ABS deal of 2023
Powersports lender Octane has closed a $400 million asset-backed securitization deal backed by fixed-rate installment powersports loans issued through its ...
American Car Center parent files for bankruptcy
RAC Asset Holdings on Tuesday filed for Chapter 7 bankruptcy protection in Delaware following the closure of subprime auto lender ...
ABS credit performance inches closer to pre-pandemic levels
Delinquencies are ticking closer to pre-pandemic levels across prime and nonprime securitized auto loan pools, likely translating into higher losses ...
Recoveries dip across auto ABS deals
Annualized net losses increased across prime and nonprime auto asset-backed securities (ABS) transactions in November as declining used-vehicle values contributed ...
Deep subprime loan terms fall to 8-year low
Loan terms fell to an eight-year low in October across deep subprime auto asset-based securities (ABS) transactions in tandem with ...
ABS losses tick up in October
Annualized net losses ticked up across auto asset-backed securitization (ABS) transactions in October even as delinquencies improved sequentially for both ...
