Florida credit union issues $185M inaugural ABS deal
GTE Federal Credit Union (GTE Financial) has prepped its first-ever securitization backed by $184.8 million in prime auto loan receivables, ...
Tag: auto ABS
Credit enhancement to mitigate ABS losses during recession
MIAMI — Recently issued subprime auto bonds rated below triple-A are at risk for downgrades in a hypothetical recession, according ...
Securitization residual values hit 12-year low
The average residual value expected in auto lease securitizations this year dropped to a level unseen since 2007, according to ...
Honda Finance injects $1B into ABS market
Loans in American Honda Finance Corp.'s latest securitization have the shortest original and remaining terms when compared with other issuers’ ...
Fair eyes new debt funding
Fair is in discussion with a "major global financial institution" for as much as $500 million of debt funding, Co-Founder ...
Fewer loan modifications pushes up losses in Santander’s latest ABS deal
Santander Consumer USA's third asset-backed securitization of the year is bringing $1.2 billion auto loans to market in a deal ...
GM Financial, Hyundai ramp up lease ABS with $1.9B of issuance
General Motors Financial and Hyundai Capital America are driving auto lease ABS volume, bringing a combined $1.9 billion of receivables ...
CPS grows originations despite ‘exceedingly competitive’ market, CEO says
Consumer Portfolio Services' originations increased 16.5% in the second quarter, to $250.1 million, despite the fact that the industry is ...
