Capital & Funding
Transparency to Spook Investors From ABS Sandbox?
From Dodd-Frank to other federal and state regulatory and enforcement actions, issuers of asset-backed securities in the auto space are...
Fitch Says Most Subprime Not Worthy of High ABS Grades
Fitch Ratings has fired yet another shot across the subprime bow. This week, Fitch analysts wrote that most subprime auto...
New Free Webinar to Explore the ‘Great Lease Return’
How should lenders prepare for the coming used car flood and the changes it will bring to auto remarketing? The...
Longer Loan Terms Could Artificially Drive Demand
Extended terms and low rates may be artificially inflating demand for automobiles, according to analysts. Interest rates on home mortgages...
CPS Renews Credit Agreement with Citi
Consumer Portfolio Services Inc. renewed and amended an existing $100 million revolving credit agreement with Citibank and other lenders, according...
GM Boosts GMF Credit Line
General Motors Co boosted its revolving credit facility to GM Financial from $600 million to $1 billion. The facility is...
AmeriCredit Comes to Market with New Securitization
AmeriCredit Corp. is prepping a $1 billion subprime auto loan securitization. The transaction, expected to close Aug. 27, is AmeriCredit’s third...
Do Recent Subpoenas Spell Caution for Subprime?
News that both General Motors Financial Co. and Santander Consumer USA had been subpoenaed by the U.S. Department of Justice...
