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What bank did bmo harris sell their automotive loans to

what bank did bmo harris sell their automotive loans to

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Is BMO In Trouble? Subprime Auto Loan Nightmare!
Bank of Montreal (BMO) is winding down its indirect retail auto finance acquire Bank of the West this year and expand in 32 states in. In April, BMO Harris Bank started paying dealerships a flat fee of 3 percent of the amount financed, up to $2,, according to Automotive News. These terms. A group led by KKR & Co. has purchased a roughly $ billion portfolio of recreational vehicle loans from Canada's Bank of Montreal.
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Currently, lenders pay a wide range of premiums to auto dealers, and this situation can complicate the sale of this debt. These cookies will be stored in your browser only with your consent. Others others.