In this week’s PeerIQ Industry Update they cover the drop in unemployment to 3.8 percent and the rise in hourly earnings by 3.4 percent; credit card balances have reached their highest level in history with $870bn and overall outstanding dent is $13.5tn; Avant’s first securitization of 2019, AVNT 2019-A worth $284mn, and Kabbage’s second securitization deal, KABB 2019-1 worth $610mn, saw their senior tranches rated by Kroll Bond Rating Agency; GreenSky reported a strong 4th quarter with revenue growing 22 percent YoY which helped push the stock up by 6 percent. Source.
