Sponsoring securitizations of the loans funded on its platform will give Lending Club more control over its reputation in the market and make it less beholden to direct loan buyers.
The $15 billion upward revision puts the bank's projection in line with that of JPMorgan; four new CLOs were printed last week, and another six were refinanced or repriced.
Canadian officials are working to slow a rapid rise in home prices that's being attributed to tight inventory levels in the country's largest cities and is threatening to create a housing bubble.
The National Association of Home Builders is objecting to a measure that would impose a surcharge on National Flood Insurance Program policies for newly constructed homes.
Wells Fargo relies on a portion of the loan on the Manhattan office building, along with another high-quality loan, to offset the overall leverage in the transaction.
Over 45% of the borrowers the collateral pool have FICO scores above 760, compared with just 36.42% in the marketplace lender's most recent transaction, completed in May.
