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The latest securitization coincides with the company announcing a partnership with U.S. Bank to provide personal loans to borrowers.
February 20 -
Direct lenders are trying to get their hands on consumer loans, cutting into banks' business and taking advantage of the sometimes volatile market for asset-backed debt.
May 16 -
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The $500 million in notes from the current deal are part of a multi-issuance series consisting of classes A, B, C, and D, with a 21.00% level of credit enhancement on the class A notes.
May 16 -
Direct lenders offer almost guaranteed funding at a time when borrowing in the $1.6 trillion U.S. ABS markets is increasingly unpredictable, and banks nurse losses.
February 27 -
First social bond will serve rural borrowers who mostly earn under $50,000 in net income per year.
April 18 -
Charge-off and payment rates had improved, due to consumer assistance programs and government stimulus funds amid COVID-19 economic slowdowns.
March 2 -
Over time, the MFIT securitizations have been getting larger in dollar volume, pricing at tighter spreads, and benefiting from more subordination.
October 26 -
The trust excludes loans from about six states with active legislation addressing the exporting of usury rates to out-of-state borrowers.
September 20 -
Affirm Asset Securitization Trust 2021-B, is the company’s sixth rated term ABS. Observers expect to see more point-of-sale consumer loan asset ABS.
August 6