In this week’s webcast: despite regulatory probes and heightened scrutiny, auto lenders keep cranking out subprime securitizations. Three deals are in the market.
More From Asset Securitization Report
Don’t bank on rate dip; servicing books win, KBW says
Investors drove long-term Treasury yields down this week on concerns regarding AI-related debt, but inflation and the Iran conflict can push rates higher.
America’s Car-Mart in talks for sale as subprime auto struggles
Discussions center around a deal that would be executed through a court-supervised Chapter 11 sale process or via a shareholder vote.
Subprime lender Goeasy secures debt relief after share slide
The agreements leave Goeasy's revolving credit and securitization facilities in place, but interest spreads on both lines were increased by 100 basis points, and eligibility criteria were revised to exclude LendCare loans.
Tricolor trustee seeks control over 100,000 subprime auto loans
Banks are bracing for hundreds of millions of dollars in losses, while investors who piled into asset-backed bonds sold by the company as recently as June have seen the prices of their securities plunge.
Home equity investment products gain steam amid growing legal scrutiny
Companies announced new product rollouts and capital raises last month, but some are also facing lawsuits as the industry encounters heightened attention to the lack of consumer protections.
