Springleaf Financial (jointly owned by FIG and AIG) issues its 3rd RMBS in a year, hoping to use...

|By:, SA News Editor

Springleaf Financial (jointly owned by FIG and AIG) issues its 3rd RMBS in a year, hoping to use the proceeds to stave off bankruptcy. The firm is just the 3rd to issue non-agency RMBS since the financial crisis, and has billions of mortgages on its balance sheet waiting for packaging if the machinery can get moving again.