KBRA: Non-prime ABS pools contain contracts with modifications at volume levels as high as 21%
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Friday, Jun. 26, 2020, 03:13 PM
SubPrime Auto Finance News Staff
NEW YORK -
Kroll Bond Rating Agency is seeing some finance companies — especially in non-prime — holding securitized pools of auto paper with contract modification levels as high as 21%. The noteworthy trends came via KBRA’s May auto loan indices when analysts examined the asset-backed securities market. KBRA indicated May remittance reports showed improving securitized auto loan […]