The Ticker
Springleaf offers first personal loan ABS offering since 1998
2/6/13 11:45am
The repackaging of its loans as asset-backed securities (ABS) comes as Springleaf Financial faces questions over the size of its debt obligations coming due in the next few years. Unlike auto loans and mortgages, personal consumer loans are only rarely securitized, or bundled together as underlying collateral for securities publicly sold to investors.
