Home Loans Auto ABS issuances drop 37.2% YoY in May

Auto ABS issuances drop 37.2% YoY in May


As spreads widen and asset-backed securitization issuance declines, lenders are looking to long-term partners and funding diversification. Auto issuances dropped by double-digits in May and delinquencies rose year over year as market uncertainty caused two-week capital market pauses. Floorplan lender NextGear Capital primarily relies on its bank syndicate for funding through volatility, Justin Makinson, assistant […]



LEAVE A REPLY

Please enter your comment!
Please enter your name here