Marketplace Lending News Roundup – May 7, 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.

First European Marketplace Lending Securitisation Prices – German Bank buys EIF Guaranteed Senior Tranche from AltFi – The Funding Circle securitization is a first for Europe and has drawn significant interest.

High Efficiency Real Estate Investing with PeerStreet from Mr. Money Mustache – Popular blogger Mr. Money Mustache has invested in real estate loans on PeerStreet – he explains why here.

Christine Farnish: the ex-regulator defending the peer-to-peer industry from The Telegraph – Fascinating profile of Christine Farnish, head of the UK P2PFA, with commentary on UK p2p lending.

International P2P Lending Marketplace Table – Loan Volumes April 2016 from P2P-Banking – The international p2p lending volume numbers are out from Wiseclerk with LendInvest coming in at #1 this time.

OnDeck’s Tumble: Can Online Lenders Handle a Downturn? from The Wall Street Journal – More from the Wall Street Journal on OnDeck earnings.

Prosper Marketplace to Cut Jobs and Shuffle Executives from The Wall Street Journal – Additional coverage on the Prosper news this week from the Wall Street Journal.

You Still Want a Fintech Revolution? from Bloomberg – Our two public companies Lending Club and OnDeck both had bad days this week.

Boost Your Investment Returns with Marketplace Lending: Interview with Peter Renton from Radical Personal Finance – I was interviewed by Joshua Sheats on his Radical Personal Finance podcast recently.

SoFi offers equity to tempt new partners from Financial Times – At SoFi they are offering equity to entice new debt investors, funding $1B per month in loan originations.

China’s P2P Lender Dianrong Mulls 2017 IPO from FinanceAsia – Not everyone is shunning the public markets. In China Dianrong CEO says they might do an IPO in 2017.

Department of Treasury to Release Report on Marketplace Lending from Crowdfund Insider – The US Treasury Request for Information on marketplace lending was last summer. They will release findings next week.

Lending Club: No Better Time Than Now from Seeking Alpha – On Monday Lending Club reports Q1 earnings. Here is a bullish article on the company.

The growth of peer-to-peer lending platforms and prospects for banks’ disintermediation – hype or real threat? from Bank of England – An exploration of the UK market and whether p2p lending platforms are a threat to banks there.

Online lenders turned this fee into a cash cow from CNBC – It is certainly true that many marketplace lending platforms make most of their money from origination fees.

Marketplace Lending: Liquidity Lessons (being) learned from LinkedIn – The importance of liquidity and diverse funding sources, lessons for marketplace lending by David Fry.

Finance startup SoFi takes a surprisingly traditional turn from San Francisco Chronicle – SoFi is moving into conforming home loans with this partnership with Fannie Mae.

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.

Worst Month Yet – Investors share their most recent portfolio performance.

WSJ: Prosper lays off 30% of workforce -Discussion on the recent news of Prosper’s downsizing.

ONDK: OnDeck Q1 2016 Raised Losses, Lowers Guidance – The forum reflects on OnDeck’s recent quarter.

Increased number of “cease and desist” requests – Investors talk about collections practices and cease and desist requests.

Are we all seeing many late payments this month? – Many investors are keeping a close eye on late payments.

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