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First Union Pools Online Loans, eConduit': Efficient Access to Capital Markets May Result in Securitization

First Union Capital Markets, in line with an innovative "eConduit" program the bank has developed, has been actively purchasing auto loans from online originator Driveoff.com, and will soon prep the first "exit" - as the company dubs it - which could take the form of a public-term securitization.

"With...

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