Tag: subprime

CarMax Auto Finance issued its first nonprime auto asset-backed securitization transaction June 18 on the heels of subprime issuances making ...

Nonprime lenders project originations to grow in 2024 despite the increasing cost of funds and the challenges of credit performance ...

Auto industry partners are working to establish lending options that are mutually beneficial to lenders, dealers and subprime consumers amid ...

Chief Executive Michelle Corson founded On the Road Companies in 2013 with money from friends and family to provide low-credit-score ...

Prime auto loan-backed securitization volume shot up 50.7% in 2023, to $77.2 billion, as 13 lenders entered or rejoined the ...

The Consumer Financial Protection Bureau continued to focus on the sale of ancillary products to consumers, fining Toyota Motor Credit ...

The rate of 60-day delinquencies on subprime asset-backed securities deals has consistently risen since April following an improvement at the ...

More auto finance accounts rolled into later-stage delinquency status by the end of the second quarter compared with a year ...