First Investors’ is readying its second subprime auto loan securitization of the year, according to a presale report published by Kroll Bond Rating Agency.

The transaction, $225 million First Investors Auto Owner Trust 2014-2, will be backed by a total of 9,209 contracts on new (26.98%) and used (73.02%) vehicles.  The pool has a weighted average FICO score of 582—consistent with First Investors’ last issuance—and weighted average seasoning of two months.

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