SFILs
SFILs, or Structured Financial Investment Loans, are a type of financial product that emerged in the early 2000s. They are essentially securitized loans where the underlying assets are typically mortgages, auto loans, or other forms of consumer or commercial debt. These loans are pooled together and then sold to investors in the form of securities.
The primary purpose of SFILs was to provide liquidity to lenders, allowing them to originate more loans.
The market for SFILs experienced significant growth leading up to the 2008 financial crisis. However, the complexity