# Pagaya Technologies announced on Monday that it has closed a $450 million auto resecuritization transaction.

*fintech · news · 2026-03-24 · TNW*

## Key points

- Pagaya completed a $450 million auto loan resecuritization, repackaging loans previously securitized in 2023 and 2024.
- This is among the first resecuritizations in subprime auto lending where machine-learning models made the credit decisions.
- KBRA confirmed the loans were originally from RPM 2023-3, RPM 2023-4, and RPM 2024-1 transactions.
- Pagaya is strategically shifting away from higher-risk credits, prioritizing disciplined risk management and measured growth.
- Refinancing seasoned AI-originated loans signals investor confidence despite broader softening in consumer auto credit performance.

**Companies:** Pagaya Technologies
**Countries:** Israel, United States

[Read the full story on TNW](https://thenextweb.com/news/pagaya-auto-resecuritization-ai-lending-450-million)

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