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The marketplace lender is marketing its third deal of 2019, and second issuance of notes through a newly formed master trust backed by unsecured consumer loans.
July 22 -
MPL securitizations have yet to face a credit-cycle test. The discussion over how they will handle one is intensifying.
July 14
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In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.
June 28
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Kroll Bond Rating Agency is projecting lower net losses on Marlette Funding’s next online unsecured consumer-loan securitization pool because of slightly improved credit metrics.
June 24 -
The marketplace lender has garnered improved ratings in its latest securitization of unsecured consumer loans, a pool featuring a higher proportion of prime borrowers and additional credit enhancement compared to its prior deal.
June 17
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The executives were hired for their focus on loan origination, portfolio management and securitization.
June 17
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The two agencies offer fundamentally different views of the level of risk in ABS issuances by Avant, Prosper Marketplace, LendingClub and other online lenders.
May 27
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Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Banks' card portfolios are taking a hit.
May 23
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The online small-business lender said it tightened its underwriting standards during the first quarter as credit quality worsened.
May 2
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Previous Freedom Financial securitizations were focused on the lender's controversial subprime consolidated loan originations.
April 24
