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01-21-2016, 09:30 PM #1
- Join Date
- Apr 2013
- Posts
- 117
1. Profitability will depend on numerous factors with a change in funding model being just one them. They absolutely have room for improvement in the balance sheet optimization and operational arenas.
2. I don't necessarily agree that vetting will increase the quality of their portfolio on a stand alone basis. There are too many other variables that come into play.
3. If I'm an institution buying 12-18 mths deal at a 1.15 gross, I need leverage, lots a leverage.
At 1.15 marketplace buyers have to question the risk profile-big time.
Net Net Ondk is reducing rates (fair to say drastically reducing rates) to acquire customers-but there might not be buyers for it. Any ISOs want to syndicate on 1.15 18 mth deal?
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01-22-2016, 10:11 AM #2
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
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