Subprime issuers making up biggerce of auto ABS pie
Subprime auto ABS deals, especially from “deep subprime” lenders, are anticipated to form a larger percentage of overall auto ABS, as issuers take advantage of cheap funding and prime auto lenders pull back.
A growing number of auto lenders which originate deep subprime loans (financing made to borrowers with FICO scores of around 550 and less) have accessed the securitization market in recent months, and the trend is expected to continue into 2018, market watchers told GlobalCapital on Monday.According to data from Kroll ...
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