Bonds backed by auto loans are selling at the fastest pace in years

Refurbished auto loans seem like an unlikely place for crippled credit investors, but they are outperforming and issuance is at a multi-year high. The companies have sold more than $58 billion in asset-backed securities backed by auto loans this year, about 20% more than at this point in 2021. Santander Consumer and First Help Financial […]

LendingPoint Raises $57.6M in Consumer Installment Loans

LendingPoint Pass-Through Trust Series 2022-ST4 is preparing its fourth round of asset-backed securities, seeking to raise $57.6 million, secured solely by debt consolidation or credit card refinancing loans to pay a home renovation or to make a major purchase. The deal’s sponsor, LendingPoint, refers to consumer installment loans in the collateral pool as DTC loans, […]

5th Circle Doubts over revival of fight against CFPB payday loan rules

Stay one step ahead In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition. Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.) […]

How the Fed’s rate hike will affect auto loans

Adding to the rollercoaster news cycle this week, the Federal Reserve raised its target federal funds rate by half a point. According to Edmunds Insights executive director Jessica Caldwell, this is the biggest rate hike in more than 20 years. And while it may curb rising inflation, it will squarely hit the wallets of new […]

Finance your next used car purchase with May’s best car loans

Global supply issues continue to slow the delivery of new cars to Australia, but for those looking for an alternative to used cars, financing your vehicle doesn’t have to be a challenge. New car sales figures from the Federal Chamber of Automotive Industries (FCAI) for April revealed that the number of vehicles sold fell 12.2% […]

RBI Rates | Home loan

Home, personal and auto loan borrowers faced a sudden interest rate shock on Wednesday after the Reserve Bank of India announced an untimely hike in repo rates. The bankers ET spoke to are preparing to pass the hike on to their borrowers, marking the start of a nearly three-year cycle of rising borrowing costs.“With today’s […]