Marlette brings new online consumer loan ABS to market

Loans
By Sasha Padbidri
14 Mar 2017

Online consumer lender Marlette Funding is the latest in a wave of online lenders to tap the securitization market this quarter, as ABS spreads tighten towards post-crisis lows.

Goldman Sachs, Deutsche Bank and Citi are leading the $257.4m deal, which is backed by 23,660 loans with an average balance of $11,904. Borrowers in the loan pool have a weighted average FICO score of 715.

KBRA assigned preliminary ratings of A to the $205.7m ‘A’ notes, and ...

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