The __________ packages thousands of auto loans and sells them to a separate corporation, called a special purpose vehicle (SPV), which is created specifically to own these notes.

Question

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The financing company is responsible for packaging thousands of auto loans and selling them to a special purpose vehicle (SPV), which is created specifically to own these notes. This process is part of securitization, where financial assets are pooled together and repackaged into interest-bearing securities.

The __________ Packages Thousands of Auto Loans and Sells Them