PeerIQ covers marketplace lending securitization in great detail through their weekly newsletters as well as their in depth reports. Today, the company released their Marketplace Lending Securitization Tracker for Q1 2017 which is a 15 page report that provides information on every securitization in the industry. Below we provide an overview of key takeaways from the report.
Total Marketplace Lending Issuance $2.9 Billion in Q1
When we look at loan funding over the last few years both the total deals done and total issuance have steadily increased. Issuance totaled $2.9 billion in Q1 2017, bringing total issuance to $18 billion across 80 deals.
There has been a trend towards rated deals with all deals during the first quarter of 2017 being rated securitizations.
Not surprisingly SoFi continues to lead the way with record-sized consumer deals. SoFi alone represents 51% of deal value of the top 10 originators with just under $9 billion of issuance. The first quarter also brought the first prime deal from Lending Club. [Read more…]