CPS Announces $50.0 Million Securitization of Residual Interests

LAS VEGAS, Nevada, March 22, 2024 (GLOBE NEWSWIRE) --  Consumer Portfolio Services, Inc. (NASDAQ:CPSS) ("CPS" or the "Company") today announced the closing of a $50.0 million securitization of residual interests from previously issued securitizations. In the transaction, a qualified institutional buyer purchased $50.0 million of asset-backed notes secured by an 80% interest in a CPS affiliate that owns the residual interests in five CPS securitizations issued from January 2022 through January 2023. Collater ...