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Kroll Bond Rating Agency has tracked rising levels of annualized net losses in marketplace-loan securitizations except for, ironically, the riskiest pools it tracks from unsecured subprime lenders: both losses and delinquencies for subprime lenders' outstanding securitizations have fallen from September 2018 levels.
October 11 -
The company has rolled out an online platform for firms considering marketplace loans as an asset class.
October 10 -
Barely noticed in a corner of the financial markets, leveraged loans originally worth about $40 billion are staging their own private meltdown.
October 9 -
Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.
October 2 -
In the pool of 46,070 vehicles in the $1 billion pool or 59,863 in the $1.3 billion pool, none are equipped with diesel engines that were at the center of Volkswagen’s worldwide emissions scandal in 2015.
September 26 -
Digital-first lenders more than doubled their market share in the last four years, according to a report by Experian.
September 25 -
Members of the House Financial Services Committee cited leveraged lending, cybersecurity and the switch to a new interest rate benchmark among potential systemic risks that keep them up at night.
September 25 -
Digital loan underwriting has taken the lion's share of the volume of unsecured consumer lending, a sector with plenty of room for growth, according to DBRS.
September 23 -
The third issuance from the master trust has a higher average interest rate and greater expected losses than previous pools due to the inclusion of more higher-risk marketplace loans.
September 16 -
SoFi's fourth issuance of marketplace loans includes more contracts in the pool with terms of 24 months, 48 months and 60 months, and fewer 36- and 84-month loans.
September 13