ABS

Digital Surgery Leader Caresyntax Extends Series C to Total Raise of $130 Million; BlackRock Funds and ProAssurance Join to Accelerate Growth

Thursday, September 16, 2021 - 2:00pm

Selected investors include funds and accounts managed by BlackRock, as well as ProAssurance, Harmonix, and existing investors such as the Relyens Group and IPF Partners.

Key Points: 
  • Selected investors include funds and accounts managed by BlackRock, as well as ProAssurance, Harmonix, and existing investors such as the Relyens Group and IPF Partners.
  • The additional investment brings the total Series C funding to $130 million, building on the first stage announced in April 2021.
  • The funding will be used to continue developing its platform as well as advance new data solutions that support value-based care providers.
  • Caresyntax also offers virtual, real-time access to outside experts, such as medical school instructors or medical device representatives, through its digital platform.

KBRA Assigns Preliminary Ratings to FREED ABS Trust 2021-3FP

Wednesday, September 15, 2021 - 10:23pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by FREED ABS Trust 2021-3FP (FREED 2021-3FP), a $230.49 million consumer loan asset-backed securities transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by FREED ABS Trust 2021-3FP (FREED 2021-3FP), a $230.49 million consumer loan asset-backed securities transaction.
  • The preliminary ratings reflect initial credit enhancement levels of 58.00% for the Class A notes, 38.50% for the Class B notes, 28.75% for the Class C notes, and 15.00% for the Class D notes.
  • This transaction represents the tenth overall ABS securitization collateralized by unsecured consumer loans originated through Freedom Financial Asset Management, LLC (FFAM or the Company).
  • KBRA considered its operational review of Freedom, which was conducted in August 2019, as well as periodic update calls with the Company.

KBRA Assigns Preliminary Ratings to Avant Credit Card Master Trust, Series 2021-1

Wednesday, September 15, 2021 - 5:13pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Avant Credit Card Master Trust (AVCCT 2021-1), a credit card ABS transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Avant Credit Card Master Trust (AVCCT 2021-1), a credit card ABS transaction.
  • AVCCT 2021-1 is Avant, LLCs (Avant) inaugural credit card securitization.
  • WebBank originates credit card accounts through the Avant Program, supported by Avants technology and customized scoring models.
  • Avant began originating credit cards in 2017 and had over 460,000 active credit card accounts with a principal balance of $183.3 million as of July 31, 2021.

Outlook on the Post-consumer Recycled Plastics in Consumer Electronics Global Market to 2028 - by Source, Product, Application and Region

Wednesday, September 15, 2021 - 4:45pm

The global post-consumer recycled plastics in consumer electronics market size is expected to reach USD 21.6 million by 2028.

Key Points: 
  • The global post-consumer recycled plastics in consumer electronics market size is expected to reach USD 21.6 million by 2028.
  • Increasing adoption of the post-consumer recycled plastic resin in consumer electronics production is projected to fuel the market growth during the forecast period.
  • Many companies have started implementing post-consumer recycled plastics in their electronic products and included them in their sustainability goals.
  • Environmental awareness has propelled many electronics companies to produce electronic devices from recycled plastics as a part of their sustainability goals.

Link's Smart ROI Auxiliary Suspension Takes the Guesswork Out of Lift Axle Use

Tuesday, September 14, 2021 - 6:20pm

Utilizing a traditional auxiliary suspension system generally requires a significant amount of guesswork, even for experienced vehicle operators.

Key Points: 
  • Utilizing a traditional auxiliary suspension system generally requires a significant amount of guesswork, even for experienced vehicle operators.
  • First introduced in the company's ROI Cabmate Cab Suspension in 2019, the groundbreaking ROI Auxiliary Suspension System will sense and maintain optimal tire-to-ground pressure, reducing tire wear and maximizing fuel mileage.
  • With Link's intelligent load-balancing auxiliary suspension system, the guesswork of when to lift or lower is removed so even inexperienced drivers can maintain maximum traction without overloading the axles.
  • "With Link's ROI Auxiliary Suspension System, fleets will be able to get new drivers trained and working in less time," explained Leakey.

Oportun provides intra-quarter update on strategic initiatives

Tuesday, September 14, 2021 - 2:15pm

SAN CARLOS, Calif., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ: OPRT), an A.I.-driven financial services and technology company that provides hardworking people with access to responsible and affordable credit, today provided an intra-quarter update on its strategic initiatives.

Key Points: 
  • SAN CARLOS, Calif., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ: OPRT), an A.I.-driven financial services and technology company that provides hardworking people with access to responsible and affordable credit, today provided an intra-quarter update on its strategic initiatives.
  • We continue to be very pleased with how our third-quarter and full-year 2021 are progressing, said Oportun CEO Raul Vazquez.
  • Oportun is making strong progress on all of its key strategic objectives.
  • The intra-quarter updates were presented in an updated investor deck posted to Oportuns investor website (investor.oportun.com) this morning.

1010data In New Collaboration with Moody’s Analytics

Tuesday, September 14, 2021 - 2:00pm

1010data advances its path of innovation through the addition of new solutions leveraging analytics, alternative data and its growing partner network.

Key Points: 
  • 1010data advances its path of innovation through the addition of new solutions leveraging analytics, alternative data and its growing partner network.
  • Complementing its current base of over 100 MBS and ABS datasets, the relationship with Moodys Analytics will add data on 9,000 non-agency MBS deals, encompassing over 40 million loans on the 1010data platform.
  • Building on our leadership in this space, our deeper relationship with Moodys Analytics ensures that our customers have access to the best data and analytics solutions available.
  • The 1010data Insights Platform combines market intelligence, data management, granular enterprise analytics, and collaboration capabilities to empower better business outcomes.

New York Mortgage Trust Declares Third Quarter 2021 Common Stock Dividend of $0.10 Per Share, and Preferred Stock Dividends

Monday, September 13, 2021 - 9:05pm

New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes.

Key Points: 
  • New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes.
  • NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing primarily mortgage-related single-family and multi-family residential assets.
  • Statements regarding the following subject, among others, may be forward-looking: the payment of dividends.
  • New risks and uncertainties arise over time and it is not possible to predict those events or how they may affect the Company.

Chimera Declares Third Quarter 2021 Common Stock Dividend

Monday, September 13, 2021 - 9:30pm

The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.33 per common share.

Key Points: 
  • The Board of Directors of Chimera Investment Corporation announced the declaration of its third quarter cash dividend of $0.33 per common share.
  • The dividend is payable October 28, 2021 to common stockholders of record on September 30, 2021.
  • The ex-dividend date is September 29, 2021.
  • All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.

KBRA Assigns Preliminary Ratings to Upstart Securitization Trust 2021-4

Monday, September 13, 2021 - 5:16pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Upstart Securitization Trust 2021-4 (UPST 2021-4), a $493.456 million consumer loan ABS transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Upstart Securitization Trust 2021-4 (UPST 2021-4), a $493.456 million consumer loan ABS transaction.
  • The preliminary ratings reflect initial credit enhancement level of 32.95% for the Class A notes, 18.29% for the Class B notes and 9.50% for the Class C notes.
  • UPST 2021-4 represents the 28th ABS securitization collateralized by unsecured consumer loans originated through the online platform operated by Upstart Network, Inc. (Upstart or the Company) and the fourteenth from the Upstart Securitization Trust (UPST) ABS program.
  • KBRA considered its operational reviews of Upstart, as well as periodic update calls with the Company.