5 questions with … Michelle Corson, CEO of On the Road Companies
Chief Executive Michelle Corson founded On the Road Companies in 2013 with money from friends and family to provide low-credit-score ...
Tag: subprime
Under the Hood: Prime lenders propel 50% boost in 2023 ABS volume
Prime auto loan-backed securitization volume shot up 50.7% in 2023, to $77.2 billion, as 13 lenders entered or rejoined the ...
Podcast: ‘Weekly Wrap’ speaks to Toyota CFPB oversight, subprime credit tightening
The Consumer Financial Protection Bureau continued to focus on the sale of ancillary products to consumers, fining Toyota Motor Credit ...
60-day DQs up 83 bps in subprime ABS
The rate of 60-day delinquencies on subprime asset-backed securities deals has consistently risen since April following an improvement at the ...
More consumers slip into late-stage delinquency in Q2
More auto finance accounts rolled into later-stage delinquency status by the end of the second quarter compared with a year ...
Used-vehicle loan LTVs, negative equity climb
More consumers are prone to negative vehicle equity on used-vehicle loans on the heels of climbing loan-to-value ratios at the ...
Subprime lending execs will take the stage at AFS East
Executives from subprime lenders Automotive Credit Corp., Flagship Credit Acceptance and Tricolor Auto will take part in a panel discussion ...
Ford Credit, GM Financial, HCA prep prime ABS deals
Three prime issuers are gearing up to enter the auto asset-backed securities market following Silicon Valley Bank-spurred market volatility that ...
