Latest news
Latest news
ABS market not the cheapest cost of financing for issuer of first ever trade in the asset class
Revival of high LTV mortgage lending is creating an opportunity for more SRT and deconsolidation transactions
Trade follows the end of a joint venture to originate loans
More articles
More articles
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Provident Financial, the embattled UK lender, has raised £344m though a rights issue, to pay regulatory fines and restore its balance sheet to health. -
Online lenders at the LendIt Fintech USA 2018 conference in San Francisco said they are looking at structuring longer-dated fixed income products beyond ABS to attract more interest from insurance companies and other large asset managers.
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Online point-of-sale company Affirm is preparing for a possible securitization as the company looks to enter its next stage of growth.
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SoFi chief executive Anthony Noto told delagates at the LendIt Fintech USA 2018 event in San Francisco on Monday that the online lending company will launch a suite of new products this year as it looks to compete with other tech firms that are wading into consumer credit.
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Ygrene Energy Fund is in the market with its first Property Assessed Clean Energy (PACE) securitization of 2018, a week after PACEfunding closed a debut deal.
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Solar finance company Mosaic is preparing to issue its first securitization of 2018.
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European ABS investors absorbed a strong wave of supply in the first quarter, as issuers sold €25.3bn of bonds, a 74% increase in deal volume compared to the first quarter of 2017, according to Rabobank analysts.
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The UK's political and financial classes are battered and tossed by Brexit. All the more reason why they should keep their sights on what will ultimately be a bigger issue: how to make finance sustainable.
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Online small business lender OnDeck is back in the market with an ABS after a two year absence as it seeks to counter the higher cost of holding loans on balance sheet in a rising interest rate market.
