Capital & Funding
Nonprime new EV financing up 53% YoY
The share of nonprime consumers financing EVs rose sharply over the past year and has doubled since 2020. In the...
Commonwealth CU originations tracking up 16.3% year over year
Commonwealth Credit Union is on pace to grow its origination volume by double digits year over year, fueled by its...
Auto lease ABS issuance hits 10-year high
Auto lease asset-backed securitization issuance volume reached a 10-year high this year, led by captive finance companies. “Retail auto lease...
Asset-backed debt sales top $313 Billion, beating post-financial crisis record
Sales of debt backed by everything from auto loans to airplane leases to Subway franchise fees have hit their highest...
Securitized auto loan performance deteriorating
MIAMI — Credit performance across securitized auto loans is deteriorating, particularly in the subprime sector, as consumers feel the pressure...
TD Bank to pull back on auto lending
TD Auto Finance will pull back on commercial auto lending and other less profitable portfolios after being hit last week...
Bank of America keeps auto capital allocation steady
Bank of America has “prepared for the worst” by proactively balancing capital needs while achieving positive returns ahead of stricter...
Synthetic securitizations uptick could affect banks’ credit ratings
An increase in synthetic securitizations could affect banks’ overall credit rating assessment as regulators weigh reliance on credit-linked notes for...
