After Democrats failed last year to rally support for a federal 36% limit, House and Senate proponents are trying to capitalize on the momentum from state rate caps that recently passed on a bipartisan basis.

The deal’s sponsor has issued a small rated portion to investors and sold the remainder back to loan-originator.

The sponsors got the portfolio through multiple acquisitions from May through October.

The loan pool’s volatility score is high but its diversity of properties is a plus.

The sponsor’s Fortune 500 parent provides comfort in the face of the subprime-auto industry’s woes.

The sponsor’s strong track record mitigates risks, including “dirty current” loans and low FICO scores.

Robust salaries are a plus, but concentrating loans in a few well-paying fields presents different risks.

The auto-lease and nonprime-auto sectors are fueling what likely will be record volume.

In a letter to the agency’s new director, top Senate Democrats recommended policy steps intended to limit mistakes in consumers’ credit files that they said “can ruin lives.”

The decline in late payments recorded in a trade group survey raise hope that many servicers will bear up under a wave of tighter enforcement coming from regulators.

The Federal Housing Administration’s changes seek to bring guidelines for specialized Title I programs in line with current borrower and market needs.

However, it remains 30% tighter than pre-pandemic levels, according to the Mortgage Bankers Association.