Yirendai is an online lending business unit of CreditEase with stock traded on the New York Stock Exchange (NYSE: YRD); the firm is one of the most successful online lenders in China's online lending market; Lend Academy talks with the firm's CEO Yihan Fang in their podcast; Yihan Fang provides details on Yirendai's platform and gives her insight on China's online lending market. Source
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Securitization was a bright spot in online lending in 2016 with significant securitization growth; Ram Ahluwalia's firm PeerIQ provides data and analytics services to issuers, investors and originators; helps stakeholders price, value, exchange and structure risk in securitizations; Ram Ahluwalia talks about themes relating to securitization growth; year over year growth was 59% from 2015 to 2016 with over half of loans being funded via ABS; securitizations are also becoming increasingly rated by ratings agencies; originators have benefited by accessing lower cost of capital providers such as pension funds, banks and insurance companies; major online lending platforms have also launched their own branded securitization shelfs; Ahluwalia also speaks about the challenges of the securitization market and answers audience questions. Source
The Ranger Direct Lending Fund is trading at a discount to its NAV in part due to effects from issues at Argon Credit; the Fund had exposure of $28 million to Argon when it announced its bankruptcy in December 2016; while it said the Fund would see little effect from the exposure it has now announced a write-down from holdings in the Princeton Alternative Income fund which was affected by Argon Credit; further developments continue to occur and volatility is expected to continue for the Fund's share price. Source
Providing credit to the underserved is something a lot of companies attempt to achieve; 138 million people in the US need access to credit and most of these individuals are concentrated in nine states; when it comes to credit there isn't a lot of options for non prime consumers; at LendIt USA 2017 James Gutierrez of Insikt discussed expanding access to credit where the consumer gets a personal touch to their experience; at his previous firm James offered face to face loans in Latino supermarkets to the underbanked; his experience there allowed him to bring that personal interaction to a digital platform without losing the intimate feel; Insikt is able to scale in a quicker fashion but still provide credit where the consumer knows they are getting an option that suits their needs. Source