Sound the Credit Quality Alarm

It’s time to sound the alarm. Weakness has taken hold of the credit quality within securitized subprime auto assets. Deutsche Bank reported today that year-over-year delinquencies and net loss rates for subprime are up noticeably. Specifically, on a year-over-year basis subprime 60-plus day delinquencies climbing 65 basis points, and the annualized net loss rate rising 114 […]
  • JJ Hornblass
  • June 15, 2017
  • 0

In Decline in Auto ABS Volume, Evidence of a Shifting Landscape

The volume of automotive asset-backed securitization — a key source of auto finance liquidity — through May this year is off 12% compared with the same period in 2015, according to Deutsche Bank. That’s not to say auto ABS has turned in consistent volumes in recent years. Last year, total auto ABS fell 1% to […]
  • JJ Hornblass
  • July 27, 2016
  • 0
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