Mariner Finance Issuance Trust readies a consumer loans ABS deal, for $325 million
Over time, the MFIT securitizations have been getting larger in dollar volume, pricing at tighter spreads, and benefiting from more subordination.
Consumer ABS
‘Freedom’ consumer lending entities offer $230 million in ABS
The trust excludes loans from about six states with active legislation addressing the exporting of usury rates to out-of-state borrowers.
Consumer finance company Affirm launches $500 million in ABS
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.
Upstart returns to the market with $75 million in ABS
After its founding in February 2012, the company has come to market 25 previous times for capital to support its business.
Avant, OneMain adding to marketplace lending ABS pipeline
Avant Loans Funding Trust 2021-REV1 is a $200 million note offering backed by loans underwritten through its Avant platform. The $500 million OneMain Financial Issuance Trust 2021-1 is the first deal of the year for OneMain, which has previously issued 23 consumer loan securitizations and five auto-loan ABS deals.
By
Glen Fest
Strong ABS issuance levels bolster projections of MPL’s 2021 comeback
Worried initially that marketplace lenders might falter at the first stage of a crisis, the sector has weathered the COVID-19 storm and now projects to match 2019's record securitization deal volume.
By
John Hintze
N.Y. appeals court sides with lenders in foreclosure case
The decision provides more clarity to noteholders in the state about when the six-year statute of limitations to bring a foreclosure action begins.
GreenSky prices first-time home-improvement loan ABS
The Georgia lenders provides financing through a platform available through 16,000 merchants nationwide, including The Home Depot.
By
Ted Jackson
Laurel Road sponsors $250.2M student-loan ABS offering
The loans, which are not federally guaranteed, are refinancings of student-loan debt held by prime borrowers primarily with advanced medical degrees.
Trio of consumer lenders launch first 2020 ABS deals
Liberty Lending, Upstart Network and Regional Management Corp. are looking to price bonds backed by pools of unsecured consumer loans, amid market worries about the sectors' potential challenges during the COVID-19 outbreak.
By
Glen Fest
CPS credit quality improves, but pandemic risks remain in new deal
Both Moody's and DBRS Morningstar project elevated credit-loss levels for the auto lender, compared to prior deals, due to COVID-19 uncertainties
By
Glen Fest
OneMain’s COVID-19 response limits risks in consumer-loan ABS offering
The $500 million OneMain Financial Issuance Trust 2020-2 has triple-A senior-note ratings from three agencies, even as the economic upheaval of the coronavirus pandemic has prompted particular concerns about the risks in the lender’s key market of unsecured, subprime consumer loans.
By
Glen Fest
ABS update: S&P trims global 2020 issuance forecast by 25%
The coronavirus impact in the U.,S. alone has resulted in a 30% year-over-year decline across securitizations, CLOs and MBS.
By
Glen Fest
Bright outlook accompanies Sunnova’s 2nd term ABS
Sunnova Energy in Houston plans to issue $158 million in asset-backed securities (ABS), its second term ABS securitization that relies on investors trusting its solar-loan-origination acumen, rather than its loan history.
By
John Hintze
April cover: Containing market fallout in the ABS world
ABS participants saw markets freeze and were bracing for worse when federal aid provide a short-term respite. The question now: How much trust can anyone put in the medium-term and beyond?
By
Glen Fest
Beyond Green: Governance taking greater role in ESG evaluation
Impact investing has long centered on environmental and social purpose, but governance could make huge strides as an ESG consideration in 2020.
By
Glen Fest
Favorable regulatory, economic signs buoy 2020 MPL outlook
Marketplace consumer loan ABS volume is expected to rise in 2020, aided by strong 2019 economic tailwinds benefiting originations as well as favorable federal regulatory proposals that could encourage more securitizations.
By
John Hintze
Mosaic Solar Loan Trust returns to ABS market for $208.5 million
Mosaic Solar Loan Trust 2019-2 is bringing to market $208 million in asset-backed securities that are secured by residential solar consumer loans.
LendingClub’s new pitch to institutional investors
The company has rolled out an online platform for firms considering marketplace loans as an asset class.
Trade tensions don’t alter outlook on Kubota equipment ABS
Kubota Credit Corp.’s $800 million asset-backed transaction is not expected to generate any additional losses than forecast for the finance company’s previous ABS in 2018, according to presale reports.
By
Glen Fest
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