did anyone else read the articles that FORA and Rapid Finance and NFAS (which co is this) had a RAE reported by Kroll Bond Agency?
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did anyone else read the articles that FORA and Rapid Finance and NFAS (which co is this) had a RAE reported by Kroll Bond Agency?
I saw those press releases. I'm curious how On Deck has escaped a RAE. Or maybe it's already happened but hasn't been publicized.
https://www.businesswire.com/news/ho...FAS-LLC-Series
national is nfas
they are publicly traded, it would have to be reported somewhereQuote:
Originally Posted by Onepointwhat
"As of May 7, 2020, an early amortization event occurred with respect to the Series 2019-1 notes issued by OnDeck Asset Securitization Trust II LLC, or ODAST II as a result of an asset amount deficiency in that Series. Beginning on the next payment date under the ODAST II Agreement, all remaining collections held by ODAST II, after payment of accrued interest and certain expenses, will be applied to repay the principal balance of the Series 2018-1 notes and the Series 2019-1 notes on a pro rata basis."
https://www.sec.gov/Archives/edgar/d...3110qfinal.htm
Thanks, Sean. Figured it was inevitable for them. I just missed seeing it.Quote:
Originally Posted by Sean Cash
Also they just filed more info about this and others after the closing bell today: https://www.sec.gov/Archives/edgar/d...waiver0514.htm
https://www.abalert.com/search.pl?ARTICLE=188803
this alert hit back in march