This week’s PeerIQ industry update mentions SoFi’s securitization deal, solar lender Mosaic’s signal to the market of their first ABS deal and a detailed explanation about trigger breaches; SoFi has announced plans to issue a $477 million unsecured consumer loan securitization; the market was very happy to hear news from Mosaic as this is the first solar deal since early 2016, though the size of the deal has yet to be determined; the trigger breaches seen in MPL ABS deals have hurt the securitization market and caused the cost of capital to rise among lenders; PeerIQ breaks down the current deals that have breached and what it means for the overall MPL ABS market. Source
