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Chrysler vehicles dominate Santander's latest pool, reflecting increased originations that CEO Scott Powell believes will maintain the lender's captive-finance status.
February 7
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Both lenders are boosting originations to borrowers with near-prime loans, though the impact on the overall credit quality of the collateral for their deals is slight.
January 30
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More than 45% of collateral for the $254.4 million CPSART 2019-A are either "preferred," "super alpha” or “alpha plus”; that's up from 42.4% of collateral for the prior deal.
January 10
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That's unprecedented; previous series from Ford Motor Credit's master trust financing dealer inventories limited non-amortizing schedules to three to seven years.
December 14
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It’s a trend that bears watching, particularly for holders of the riskiest securities issued in subprime auto securitizations, according to S&P Global Ratings.
December 3
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The rating agency is now considering lowering its BBB rating on the class B notes. The rating agency also downgraded the class C notes issued in the deal, for a second time, to CC from CCC+.
November 20
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Flagship, Santander Consumer USA and AmeriCredit are printing $2.3 billion in new notes backed by subprime auto-loan originations.
November 8
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The deal comes a year after the captive finance company began excluding low-FICO loans from its primary auto loan ABS platform.
October 31
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Sales of older vehicles are on the rise and prices are headed back up, so there's more collateral available and it is also performing better.
October 29
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Turbo Finance 8 is a £375.5M static transaction that includes both hire purchase loan contracts and personal contract purchase, lease-like arrangements.
October 24
