Another Fine Mezz
Another Fine Mezz
George Smith, Tom Hall
Servicer view of 'largest Chapter 7 bankruptcy in history'
19 minutes Posted Mar 6, 2026 at 3:00 pm.
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Show notes
Vervent explains how Tricolor warehouse and ABS deal servicing work. David Johnson, chief executive of Vervent, joined Another Fine Mezz at the SF Vegas conference to talk about its work keeping cash collection going following the bankruptcy of Texas-based sub-prime auto lender Tricolor last September. Johnson told senior securitization reporter Chadwick Van Estrop that at the time of the bankruptcy filing, about 10,000 cars, some pledged as collateral against warehouse or ABS lines of credit...