The Federal Reserve Board and the Treasury Department announced Monday that they approved an extension to the Term Asset-Backed Securities Loan Facility (TALF), and said they do not anticipate any further additions to the types of collateral that are eligible for the facility.
Read More →Auto dealer floorplan ABS transactions entering early amortization due to manufacturer or finance company bankruptcy are largely performing within expectations, though material concerns remain over valuation declines in a still challenged macro environment, according to Fitch Ratings.
Read More →Chrysler Financial announced July 15 it has repaid in full the $1.5 billion of Troubled Asset Relief Program (TARP) government loans.
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Understanding why the performance of auto loan-based portfolios is improving even as the economy is contracting is the key to knowing when to package and sell your retail installment contracts.
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