Consumer Portfolio Services expands financing into nonprime
Consumer Portfolio Services launched nonprime financing in the first quarter as the lender logged its “best quarter ever” in originations ...
Tag: Consumer Portfolio Services
CPS originations double YoY in Q4
Consumer Portfolio Services’ Chief Executive Charles Bradley hopes to double the company’s portfolio in “a few years” following strong auto ...
Consumer Portfolio Services closes first ABS deal of 2022
Consumer Portfolio Services (CPS) tied the knot on its first asset-backed securitization of 2022, a $316.8 million deal backed by ...
CPS closes fourth ABS transaction of 2021 as spreads widen
Spreads on AAA-rated bonds in Consumer Portfolio Services’ (CPS) fourth auto asset-backed securities transaction of the year — a $349.2 ...
Consumer Portfolio Services sees second-highest origination volume in Q3
Consumer Portfolio Services’ third quarter was marked by the highest origination volume since Q2 2016, and the second-highest growth in ...
Weekly Wrap: Auto lenders eye low cost of funding, rideshare rebound, return to office
Auto lenders are keeping an eye on funding, the rideshare revival and the challenge of navigating the return to offices ...
CPS raises $50M in residuals financing on ABS market
The cost of funds continues to remain historically low in the asset-back securities market, prompting Consumer Portfolio Services on June ...
Subprime auto lenders prepare for delinquency, NCOs rise as stimulus support ends
Subprime auto lenders are preparing for an imminent rise in delinquencies and net charge-off rates as government stimulus payments come ...
