Privately held auto financier World Omni Financial Corp. will likely be the TALF program’s guinea pig.
The unit of JM Family Enterprises is prepping a $750 million securitization backed by loans originated via Toyota dealerships in the Southeastern U.S., according to an article in today’s Wall Street Journal
. A number of other auto finance companies are putting together deals, too, the paper said.
TALF, or the Term Asset-Backed Securities Loan Facility, calls for… Continue