Westlake likely to take over SNAAC servicing

• Bianca Chan
• August 8, 2019
• Strategy

Westlake Portfolio Management will likely be tapped to handle servicing for Security National Automotive Acceptance...

Honor Finance to square off against equity firm in $25M lawsuit

• Nicole Casperson
• July 23, 2019
• Risk Management

Honor Finance Founder James Collins will face off in a hearing this week against private...

KBRA Withdraws Ratings as Honor Finance Securitization Winds Down

• Bianca Chan
• June 21, 2019
• Credit Performance

Honor Finance’s 2016 securitization has been withdrawn from Kroll Bond Rating Agency’s surveillance after being...

Westlake Takes Over Servicing for Bankrupt Lender Total Finance

• Joey Pizzolato
• May 28, 2019
• Capital Markets, Risk Management, Update

Westlake Portfolio Management has taken over servicing for Total Finance, a Chicago-based lender that filed...

KBRA Downgrades Honor Finance Securitization — Again

• Joey Pizzolato
• May 1, 2019
• Capital Markets, Credit Performance

Honor Finance’s 2016 asset-backed securitization has been downgraded for a second time by Kroll Bond...

Pelican Ceases Originations Citing Increased Competition, Low Margins

• Natalie Mattila
• March 27, 2018
• Credit Performance, News Feed, Risk Management

Pelican Auto Finance LLC ceased originations and sold 95% of its portfolio earlier this month...

BREAKING: Pelican Halts Originations, Transfers Portfolio to Westlake

• Natalie Mattila
• March 21, 2018
• Credit Performance, News Feed, Risk Management

Pelican Auto Finance LLC, a deep-subprime lender, stopped originating loans and transferred 95% of its...