Holding strong: Auto ABS weathers volatile cost of funds
The auto asset-backed securitization market is proving its strength once more in a challenging environment as other asset classes in ...
Tag: delinquencies
GM Financial loan originations up 12% amid strong sales, penetration
Higher retail sales along with an increase in average loan amounts financed and a stronger share of U.S. loan financing ...
US Bank auto originations fall 61% YoY
U.S. Bank’s auto originations and outstandings declined year over year as the bank prioritizes high-margin loan growth. Indirect loan and ...
PNC Financial auto portfolio shrinks 7% YoY
PNC Financial’s auto portfolio shrank for the fourth consecutive quarter as enhanced scrutiny around rates and deposit investments put pressure ...
Wells Fargo Auto’s originations shrink YoY amid pricing competition
Wells Fargo Auto tallied a year-over-year decline in originations and outstandings in the first quarter amid tightening credit and pricing ...
Auto loans 60-plus days delinquent reach record high
Delinquencies reached record highs in the first quarter as consumers fall behind amid elevated vehicle prices and high monthly payments. ...
PNC Financial ups digital outreach to delinquent customers
LAS VEGAS — PNC Financial Services is leaning on digital outreach to decrease defaults and communicate with borrowers at risk ...
Tax refunds boost auto ABS cure rates
Delinquencies improved sequentially across nonprime and prime securitized auto loan pools in February driven by tax refund season as annualized ...
