They call them “tombstones” for a reason: because they mark history. This image of auto financing history is of the “tombstone,” a Lucite keepsake to commemorate the first securitization of subprime auto loans back in 1992. The securitization was issued by First Investors Financial Services, which is now part of Stellantis Financial Services. The size of the 1992 deal was around $7.6 million. For perspective, three securitizations totaling about $2.5 billion of […]