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Pagaya Technologies closed its largest-ever auto asset-backed securitization transaction on May 26 after the deal was upsized. The $600 million nonprime auto ABS deal was upsized from a $400 million issuance because of investor demand, Robert McDonald, managing director and head of credit solutions at Pagaya, told Auto Finance News. “We’re in markets that have some volatility around [them]. If in fact the demand is there and we feel like we […]
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Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
Auto lenders are looking to strengthen relationships to bolster dealer profitability amid uncertainty, margin compression and shifting consumer behavior. Auto financier Santander Bank’s dealer commercial services strategy focuses on...
David Thompson
David Thompson
David Thompson
