MonJa Monthly News Update- July 2016
Here are some of the top stories and trends of June 2016 for marketplace lending investors and industry watchers: Industry News: 06-03-16− NY financial regulator requests details from 28 online lenders-source (Daily Mail) 06-06-16− The Opportunity in Difficult Times (Lend Academy) 06-09-16− Lending Club, securitisations and proper loan due diligence (Financial Times) 06-10-16− With Lending Club […]
MonJa Monthly News Update- June 2016
Here are some of the top stories and trends of May 2016 for marketplace lending investors and industry watchers: Industry News: 05-06-16—U.S. Consumer Credit Ballooned in March at Fastest Pace Since 2001 (WSJ) 05-08-16—Lenders Get Burned Betting on Ivy Leaguers (WSJ) 05-09-16—US Treasury White Paper on Marketplace Lending: Opportunities & Challenges 05-10-16—Online Lenders Already in Turmoil […]
Changes in Lending Club Underwriting – Looking Beneath the Headlines
The news at Lending Club was a shock to everyone in the direct lending world. The process failings and potential business / legal ramifications have been discussed ad nauseam – and they are extremely serious. Several institutional investors have pulled back on their purchasing programs, for good reasons. Lending Club needs to show investors that […]
Marketplace Lending Analysis: Understanding The Recent Uptick In Delinquencies
We’ve all read the recent headlines. Since late 2015, sentiments have changed in the marketplace lending sector and investors have expressed concern. As an independent risk analytics platform, MonJa is often asked its if credit quality is deteriorating in the marketplace lending space and if investors need to readjust their expectations about the quality of […]
MonJa Monthly News Update- April 2016
Here are some of the top stories and trends of April 2016 for marketplace lending investors and industry watchers: Industry News: 04-04-16—Orchard Will Launch Electronic Trading Platform for Marketplace Lending Assets (Crowdfund Insider) 04-07-16—Online Lenders Form Marketplace Lenders’ Platform (WSJ) 04-11-16—Why ‘Peer-to-Peer’ Startups Haven’t Revolutionized Lending (Time) 04-14-16—FTC To Host Financial Technology Forum on Marketplace Lending (FTC) […]
MonJa Recap of LendIt 2016
Earlier this month, our team attended LendIt 2016, which is the biggest conference dedicated to peer-to-peer lending. The two day conference was packed with general sessions that analyzed important topics in the industry as well as deep dive workshops from industry experts. This year, MonJa sponsored the conference and our CEO, James Wu, and Chief […]
MonJa Monthly News Update- March 2016
Here are some of the top stories and trends of March 2016 for marketplace lending investors and industry watchers: Industry News: 03-04-16—NYHFR Survey: P2P Lending Increasingly Popular Among Alternative Asset Manager (FINalternatives) 03-07-16—CFPB Releases Consumer Bulletin on Marketplace Lending and Announces It Is Accepting Consumer Complaints (JSUPRA) 03-14-16—Unanswered Questions in Online Lending (FT Alphaville) 03-14-16—More Trouble […]
MonJa Monthly News Update- February 2016
Here are some of the top stories and trends of February 2016 for marketplace lending investors and industry watchers: Industry News: 02-03-2016– FDIC Puts Up More Road Blocks for Marketplace Lenders (Pepper Hamilton LLP) Based on the FDIC’s latest insights on marketplace lending, Pepper Hamilton summarizes specific risks that banks need to examine when dealing […]
Moody's "downgrades" Prosper-backed deal despite consistent performance
Earlier this month, Moody’s put the C notes of the Prosper/ Citi securitizations CHAI 2015-PM1 / 2015-PM2 / 2015-PM3 on a review for downgrade. The most material change in the forecast was an increase of expected cumulative lifetime net loss to 12%, from 8% to 8.5% of the 3 transactions. On the reason for this […]
Lending Club Performance – The Good And The Bad (Feb 2016)
As I previously wrote, some of the recent coverage on Lending Club’s credit performance is somewhat one-sided, and we believe Lending Club’s loan performance is broadly in line with expectation. That said, the actual performance depends on the specific segment in question, which we will explore in greater detail in this post. Similar to what […]