Extended loan terms ramp up risk in Honda ABS
American Honda Finance Co.’s latest transaction — its second of the year — is not insulated from the potential effects ...
Tag: prime
Prime consumers lean toward used vehicles
LAS VEGAS — Consumers with prime credit scores are showing an increased appetite for the used-vehicle market, a continuing trend ...
Weakening credit quality to bog down auto ABS in 2020
Loan quality within auto securitizations is expected to weaken, driven by higher delinquencies and a potential economic slowdown, according to ...
Citizens One increases approvals for loans with mid-600 scores
Citizens One Auto Finance has boosted its approval rate 10% for loans with credit scores in the 640-to-680 range, thanks ...
Honda Finance injects $1B into ABS market
Loans in American Honda Finance Corp.'s latest securitization have the shortest original and remaining terms when compared with other issuers’ ...
Subprime loan losses decline in prime securitizations
Fresh data from DBRS shows that subprime loans securitized with mostly prime issuance outperform subprime loans in mostly subprime securitizations, ...
Despite Stronger May, ABS Credit Performance Likely to ‘Deteriorate,’ Rating Agency Says
After 16 straight quarters of improvement, credit quality in prime auto loan securitizations will start to "deteriorate," according to a ...
More Prime Consumers Opt for Used Cars as Subprime Loses Share
As the percentage of prime and super-prime used-car buyers reached an all-time high in the first quarter, the percentage of ...
