High earners draw investors to student loan refi ABS

By Jennifer Kang
26 May 2020

The pandemic has taken its toll on consumer ABS asset classes since March, but sources this week say that they are seeing opportunities in discounted bonds backed by refinanced student loans issued by top tier fintech lenders.

Refi student loan ABS has historically benefited from stable borrowers working in high earning professions, but even this borrower cohort is seeing a rise in deferrals and defaults because of Covid-19, sources say.

“Who would have guessed we would see deferrals increase in the refi student loan ...

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