Inside Pagaya’s 5th ABS deal of year worth $400M
Pagaya CEO: ‘Tolerance for bad actors is low’
Pagaya Technologies issued its fifth asset-backed securitization deal of the year, a subprime transaction, even as investor confidence in those auto assets may be weakening. The fintech’s $400 million subprime auto ABS deal closed Oct. 2. The AAA-rated deal is backed by loans originated by Ally Financial, Consumer Portfolio Services, First Investors Financial, […]
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