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
Random
News Roundup
This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.
Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.
Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.
To join our newsletter community please subscribe here.