Today the company announced its first syndicated, revolving securitization of residential transition loans; LendingHome issued approximately $208 million of non-rated,...
Up until now the marketplace lending securitization space has been on a tear. We share PeerIQ’s detailed securitization reports every...
In this week’s PeerIQ Industry Update they cover the continued growth in the jobs market with the unemployment rate dropping...
Securitization continues to grow for the marketplace lending sector. As they do at this time every quarter PeerIQ released their...
Both Marlette and LendingClub now have their own securitization platforms which has broadened their investor base; Sid Jajodia, chief investment officer at LendingClub spoke at the Structured Finance Industry Group’s conference in Las Vegas this week and discussed the importance of brining LendingClub’s loans in-house; he also spoke about their new whole-loan structured product announced in December as well as changes that might make sense for the company in the future; Karan Mehta, head of capital markets for Marlette discussed changes they are making to their whole-loan program. Source
Issuance in Q4 2018 totaled $2.6 billion, the slowest pace of issuance in 5 quarters; this represented a decrease of...
In this week’s PeerIQ Industry Update they cover the worries from a flattening yield curve and credit card debt reaching...
The second Funding Circle securitization comprises of a £207m portfolio of small business loans issued by investment trust P2P Global...
The platform announced their latest securitization which is a $233.75 million deal; provisional ratings of AAA were given by both Moody’s and DBRS; this is CommonBond’s sixth transaction and they have now securitized a total of $1.22 billion in loans. Source
SoFi closed SoFi Professional Loan Program 2018-A; underlying collateral of student loans totaled more than $1 billion dollars; this is SoFi’s largest ever securitization as they continue to lead in the marketplace lending securitization market; there were 39 unique investors, including five new investors. Source