ABS

The same factors drawing in the retail crowd now are also likely to pull in other investors -- including pension funds and insurance companies focused on locking in interest income over the long term.

Aspects of the deal generally align with recent ones, including—on a weighted average (WA) basis—an original maturity of 64.3 months and seasoning of 9.7 months.

The U.S. Treasury Department signaled that some recent interventions by trading partners in the foreign-exchange market can be justified, and a surging dollar is mainly driven by developments in the American economy.

Seasoning, a strong borrower profile and backup servicer mitigate concerns about SoFi Lending's credit strength.

Success could open up a major source of uncorrelated risk to structured-finance investors.

Investors had been trimming bets on the dollar ahead of Thursday's US inflation data, with a slowdown in prices leading it to get pummeled.

Without subordination, overcollateralization, a liquidity reserve account, and an Interest Supplement Account provide initial credit enhancement.

U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes.

Some 53% of the loans are debt service coverage ratio products—originated for business purposes and likely to fund the 43.8% of investor properties in the pool.

Subprime auto loan borrowers are increasingly falling behind on payments, and the value of used cars is dropping, two trends that are clobbering bonds tied to the debt.