General World News

Point, Atalaya Capital close on $141M securitization

Home equity fintech lender Point, in collaboration with its long-time financing partner Atalaya Capital Management, has successfully closed a $141 million rated asset-backed securities transaction. 

The securitization was completed on May 15 and marked Point’s second rated securitization and third overall deal in the secondary market, with all securities receiving ratings from Morningstar DBRS.

Point originated all of the home equity investments (HEIs) involved in the securitization and will continue to service the assets. Notably, this transaction is the first HEI securitization in which higher-risk, BB-rated details ⇒

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