CNBC reports on institutional developments in the marketplace lending industry with statistics on the growing securitization market for marketplace loans; in 2016 securitizations backed by marketplace loans totaled $7.62 billion, a 300% increase from introduction in 2013; securitizations are expected to continue at a strong pace with SoFi dominating the 2016 securitization market with 58% of issuance and leading in 2017 with a $564 million securitization portfolio; other institutional investors are also reporting interest including Jeffrey Gundlach of DoubleLine Capital, Zurich Insurance Group, and property and casualty insurer Chubb. Source
