Taming the subprime segment: How alternative data builds profits, reduces risk
Banks, credit unions and captive finance companies have tended to shy away from underwriting subprime auto loans, leaving that side ...
Tag: subprime financing
Subprime auto ABS servicers build support as losses rise
Certain servicers of subprime auto asset-backed securitization transactions are forgoing their fees and helping build credit enhancement as cumulative net ...
Subprime share of loans, defaults dip in July
Declining subprime auto finance market share is contributing to a higher-quality credit mix industrywide and helping to offset rising defaults ...
Tricolor origination volume jumps 26%
Used-car retailer and lender Tricolor Holdings‘ originations and sales have consistently been on an upward trajectory despite affordability challenges plaguing ...
Return of student loan payments could drive up securitized auto losses
Delinquencies and losses rose across prime and nonprime securitized auto loan pools in July as declining used-car values and inflationary ...
Credit Acceptance Corp. upsizes latest subprime ABS deal
Subprime auto asset-backed securitization issuances this week were characterized by fewer receivables in the collateralized loan pools and longer loan ...
Podcast: ‘Weekly Wrap’ discussion on subprime earnings
Subprime auto lenders posted mixed second-quarter earnings last week as credit tightened amid ongoing interest rate increases. Credit Acceptance Corp. ...
Auto Finance Summit East: Key takeaways amid a challenging market
High sticker prices combined with elevated interest rates have created a challenging market for auto lenders looking to keep operations ...
