Investor Presentaiton
Consumer Loan ABS comps
OneMain's focus on underwriting, secured lending, lower-loss repeat customers, and high-impact servicing are key
differentiators
Prime
MARLETTE
Branch Based Lender
Nonprime
OneMain Financial.
OPORTUN
Lendmark
MARINER
Better Borrowing, Brighter Future.
Financial Services
OMFIT
OPTN
2023-2
2022-3
LFT
2023-1
FINANCE
MFIT
2022-A
REGIONAL
MANAGEMENT
RMIT
2022-2B
L
AVANT
AVNT
2022-REV1
LENDINGPOINT.
SoFi
FUNDING
LDPT
SCLP
2022-C
2023-1S
MFT
2023-3
Collateral Characteristics
Avg. Loan Bal
$8,193
$4,239
$6,215
$5,135
$4,322
$3,715
$10,730
$19,781
$18,788
WA APR/WAC
24.6%
29.5%
26.2%
25.7%
30.8%
25.1%
20.8%
11.2% 2
15.9%
WA Origination FICO
634
6443
6244
641
648
645
672
753
722
WA Orig Term (months)
57
36
51
45
46
37
56
57
51
WA Rem Term (months)
49
37
48
40
40
25
53
36
50
Secured %
40.0%
4.4%
54.1%
35.8%
8.5%
0.0%
0.0%
0.0%
1.4%
Original Term5
0-36
37-48
3.1%
33.8%
15.9%
23.7%
30.7%
78.0%
11.3%
18.3%
31.8%
10.4%
44.5%
38.7%
49.7%
34.2%
22.2%
14.7%
21.6%
11.7%
61+
49-60
Bond Statistics
Total Bonds Sold ($mm)
Senior Bond Rating
(S&P / KBRA)
85.2%
21.1%
45.3%
24.8%
35.1%
15.2%
68.0%
40.5%
55.1%
1.3%
0.7%
0.1%
1.8%
0.0%
0.0%
6.0%
19.6%
1.4%
$1,400
AAA / AAA
$269
AA (L) 6
$350
$266
$184
$200
$295
$340
$359
6
AAA / AAA
AAA / AAA
6
AAA / AAA
Senior Bond Hard Credit Enhancement
36.5%
Senior Bond Spread
(bps / Yield)
Senior Bond WAL
+142 / 6.0%
37.5%
+300/7.6%
3.57
0.61
47.9%
+185/5.7%
2.41
48.0%
+260 / 6.9%
2.61
44.7%
+275/7.2%
2.48
NR / AA-
46.4%
+195/6.6%
1.88
NR / AA-
AAA / AAA
NR / AAA
41.8%
+265 / 6.6%
0.78
23.1%
+90 / 5.9%
55.8%
+120 / 6.6%
0.77
0.79
RA Loss Assumption
S&P
Moody's
11.8%
17.5%
20.8%
14.7%
3.4%
--
--
DBRS
Kroll
KBRA Loss Cum./Ann.
10.5%
5.9% -7.9%
11.2%
9.9%
9.7%
Annualized
Cumulative
Annualized
10.1% -12.1%
Cumulative
14.75% 16.75%
Annualized
Cumulative
1. Represents APR.
2. After ACH interest rate discount for borrowers who elect to pay via ACH.
3. Represents Vantage Scores.
OneMain Financial.
4. Represents Beacon Scores.
5. Numbers may not sum to 100% due to rounding.
6. DBRS Ratings.
12.6% 14.6%
Cumulative
4.63%
4.35% -6.35%
Cumulative
10.25% 12.25%
Cumulative
29
29View entire presentation