Marketplace Lending News Roundup – April 30, 2016

News

During the week I share the latest marketplace lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

The Silver Lining in an Uncertain Market Environment from Medium – David Klein talks about the new CommonBond securitization and gives his thoughts on the industry today.

Talwar has big task as Goldman Sachs moves into online lending from Financial Times – Goldman Sachs is making progress with their online lending initiative known as Mosaic.

P2P lending: RBI to consult Sebi before finalising rules from The Financial Express – The next hotspot for p2p lending could well be India and the regulators there are starting to take an interest.

Orchard Goes to LendIt USA 2016 from Orchard – The key takeaways for Orchard from LendIt USA 2016 earlier this month.

Marketplace Lending Credit Performance from LinkedIn – The CEO of Upstart shares his thoughts on credit performance and break down their results.

LendingClub Looks at New Deal to Crack Tough Market from The Wall Street Journal – Looks like Lending Club will be doing a securitization with Goldman Sachs and Jefferies.

From idea to innovative market leader: A roadmap for sustainable marketplace lending growth from PwC – The latest white paper from PwC on the opportunities and risks of marketplace lending.

Lending billions is just the beginning for Chicago startup Avant from Chicago Tribune – Interesting profile of Avant and their quest to own lending to the “middle class” consumer.

A big investment bank just signed up to lend over £40 million on mortgage funding platform LendInvest from Business Insider – In the UK LendInvest has signed a £40M financing deal with a leading Australian investment bank.

Digital lender failures expected as funding, regulatory pressures mount from SNL – Wide ranging article on the state of the online lending industry in this country.

Change at the Top: Paul Deitch of Oaktree Capital Steps in as CEO of Patch of Land from Crowdfund Insider – Real estate lending platform Patch Of Land has a new CEO.

Trouble in bonds backed by P2P loans? It depends. from NSR Invest – Insikt analyzes Moody’s actions downgrading a recent Prosper securitization.

Everything You Need To Know About RBI Proposal For Peer To Peer Lending (P2P Lending) In India from The Tech Portal – The Reserve Bank of India has created a consultation paper for P2P lending regulation there.

FintechNorth from Wiseclerk – Report from a fintech conference in the north of England earlier this week.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.

How I Select Notes to Purchase (non-Folio) – An investor creates a poll asking the forum how they purchase p2p lending notes.

Portfolio (Loan Picking) Strategy – A discussion about loan selection strategies.

LC is going to do their own securitizations – The forum discusses Lending Club’s plans to securitize their loans.

Why Does Lending Club Set Interest Rates? – An investor asks why Lending Club sets interest rates instead of letting the investors.

First time LC Borrower – Listing 11 days old (I think?) – A borrower shares her Lending Club loan, which was allocated to the whole loan pool.

Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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