Friday, July 12, 2019 - 11:27am

SubPrime Auto Finance News Staff

Kroll Bond Rating Agency (KBRA) announced four senior personnel changes to the teams at its New York office that monitor securitizations and the auto asset-backed securities market. According to a news release distributed on Friday, Anthony Nocera, co-head of the ABS Group, has decided to transition to a senior advisory... Read More

Thursday, July 11, 2019 - 10:47am

SubPrime Auto Finance News Staff

Colonnade Securities offered an extended examination of the below-prime auto finance industry this week, identifying what the independent investment bank focused on the financial services and business services sectors believes are four factors currently impacting the space most. According to the report, the fundamentals... Read More

Wednesday, July 10, 2019 - 9:42am

SubPrime Auto Finance News Staff

ALS Resolvion is reinforcing its commitment to being a mobile company, citing two specific reasons for an updated strategy. The provider of national repossession management services recently announced that it has fully implemented what the company believes is the industry’s first “mobile only”... Read More

Wednesday, July 10, 2019 - 9:32am

SubPrime Auto Finance News Staff

An executive who has been with Consumer Portfolio Services for nearly 18 years is now the subprime auto finance company’s chief operating officer. According to an announcement sent to SubPrime Auto Finance News on Tuesday, CPS promoted Michael Lavin to be COO of the company that’s been working with... Read More

Tuesday, July 9, 2019 - 10:37am

SubPrime Auto Finance News Staff

Davis & Gilbert partner Joseph Cioffi reiterated his position that subprime auto finance portfolio performance is expected to deteriorate soon. Cioffi first made that assertion through a 360-degree market study released by Credit Chronometer, a microsite he authors. Nick asked him to elaborate during this... Read More

Monday, July 8, 2019 - 11:21am

SubPrime Auto Finance News Staff

Platinum Auto Finance is beginning the second half of 2019 with significantly more financial resources. The Clearwater, Fla.-based subprime auto finance company leveraged its relationship with Finitive, a financial technology platform providing institutional investors with direct access to alternative lending... Read More

Monday, July 8, 2019 - 11:19am

SubPrime Auto Finance News Staff

Servicing Solutions added an executive to its leadership team that management called, “one of the industry’s most respected rising stars.” The loan servicing organization specializing in primary and back-up servicing has hired Paul Marquez, an executive with more than 20 years’ experience in the... Read More

Wednesday, July 3, 2019 - 12:05am

SubPrime Auto Finance News Staff

Protective Asset Protection is offering dealers another option for their presentation to vehicle buyers who might be considering products sold in the finance office. Just ahead of Fourth of July, the provider of F&I programs, services and dealer owned warranty company programs announced that it has made... Read More