Low Unemployment, Securitization News and GreenSky Earnings

In this week’s PeerIQ Industry Update they cover the drop in unemployment to 3.8 percent and the rise in hourly earnings by 3.4 percent; credit card balances have reached their highest level in history with $870bn and overall outstanding dent is $13.5tn; Avant’s first securitization of 2019, AVNT 2019-A worth $284mn, and Kabbage’s second securitization deal, KABB 2019-1 worth $610mn, saw their senior tranches rated by Kroll Bond Rating Agency; GreenSky reported a strong 4th quarter with revenue growing 22 percent YoY which helped push the stock up by 6 percent. Source.