Achieve announces the close of $170.1M HELOC securitization
SAN MATEO, Calif., May 9, 2024 /PRNewswire/ -- Achieve, the leader in digital personal finance, announces the May 8 close of a AAA-rated securitization backed by $170.1 million in newly originated home equity lines of credit (HELOCs).
- SAN MATEO, Calif., May 9, 2024 /PRNewswire/ -- Achieve , the leader in digital personal finance, announces the May 8 close of a AAA-rated securitization backed by $170.1 million in newly originated home equity lines of credit (HELOCs).
- The securitization, ACHM Trust 2024-HE1, consists of three classes of rated notes and two classes of unrated notes backed by 3,066 HELOCs originated by Achieve Home Loans.
- The deal is the fourth successful securitization of HELOCs originated by Achieve.
- Since Achieve Home Loans launched in 2019, HELOC borrowers have saved an average of over $650 per month compared to their previous unsecured debt payments.