Eight buyers were contacted and one bid. While the two sides negotiated, certified loan volume kept falling, and the offer followed it down.
A three-year forward flow for 5-to-10% fixed-fee paper, terms undisclosed
One borrower can now stack $5M of 7(a) on $5M of 504. The taxpayer guarantee cap never moved
Suppressed charge-offs default at 12x the clean-file rate; auto fraud losses tripled to $323M
The waterfall kept the cash. 60 of 154 lots closed, then came the going-concern warning
Enova owns OnDeck; OppFi has 35% of Bitty, 2027 option
ByzFunder and Kapitus ran the same rated-ABS playbook
Collection, not the rate, decides mootness
ECOA reaches your MCA and factoring book too
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