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MonJa Monthly News Update- June 2016

In Industry News by Kitty LinLeave a Comment

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 Facing U.S. Call for Rules …

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Changes in Lending Club Underwriting – Looking Beneath the Headlines

In Credit Risk Modeling, Industry News, Marketplace Lending, Risk Management by James WuLeave a Comment

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 the same problems will not …

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Marketplace Lending Analysis: Understanding The Recent Uptick In Delinquencies

In Industry News, Risk Management by Vijay Rao and Kitty LinLeave a Comment

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 loans that the platforms are …

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MonJa Monthly News Update- April 2016

In Industry News by Kitty LinLeave a Comment

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) 04-14-16—Online Lenders Seek Safe Haven …

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MonJa Recap of LendIt 2016

In Industry News by Kitty LinLeave a Comment

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 Analytics Officer, Jesse Velez, were …

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MonJa Monthly News Update- March 2016

In Industry News by Kitty LinLeave a Comment

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 in Bonds Backed by Peer-to-Peer …

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MonJa Monthly News Update- February 2016

In Industry News by Kitty LinLeave a Comment

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 with marketplace lenders. 02-05-2016– Misconceptions …

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Moody’s “downgrades” Prosper-backed deal despite consistent performance

In Credit Risk Modeling, Industry News, Risk Management by James WuLeave a Comment

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 downgrade watch, a Moody’s spokesperson …

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Lending Club Performance – The Good And The Bad (Feb 2016)

In Credit Risk Modeling, Industry News, Marketplace Lending by James WuLeave a Comment

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 some of the commentators have …

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Marketplace Lending Outlooks

In Industry News by Kitty LinLeave a Comment

At MonJa, we strive to support industry watchers and investors further their understanding of the marketplace lending sector. Several financial enterprises release their investment outlooks on marketplace lending. Here are some general trends to be cognizant of: – FinTech Partners’ February 2018 Overview– The PDF reports provide a broad coverage of transactions specifically in the alternative lending space.  –K&L Gates FinTech Regulatory and Litigation …