Sept. auto ABS volume climbs year over year (Big Wheels)
Auto asset-backed securitization volume in the first half of September outperformed the issuance volume reported in 2023, with 11 financiers ...
Tag: subprime
CarMax Auto Finance issues first nonprime securities deal
CarMax Auto Finance issued its first nonprime auto asset-backed securitization transaction June 18 on the heels of subprime issuances making ...
Nonprime lenders project originations to grow in 2024 despite rising cost of funds
Nonprime lenders project originations to grow in 2024 despite the increasing cost of funds and the challenges of credit performance ...
Lenders look to expand subprime reach
Auto industry partners are working to establish lending options that are mutually beneficial to lenders, dealers and subprime consumers amid ...
5 questions with … Michelle Corson, CEO of On the Road Companies
Chief Executive Michelle Corson founded On the Road Companies in 2013 with money from friends and family to provide low-credit-score ...
Under the Hood: Prime lenders propel 50% boost in 2023 ABS volume
Prime auto loan-backed securitization volume shot up 50.7% in 2023, to $77.2 billion, as 13 lenders entered or rejoined the ...
Podcast: ‘Weekly Wrap’ speaks to Toyota CFPB oversight, subprime credit tightening
The Consumer Financial Protection Bureau continued to focus on the sale of ancillary products to consumers, fining Toyota Motor Credit ...
60-day DQs up 83 bps in subprime ABS
The rate of 60-day delinquencies on subprime asset-backed securities deals has consistently risen since April following an improvement at the ...
