In Orchard's Weekly Online Lending Snapshot, the company introduces a new section on US marketplace lending funds and highlights the growing business also noting RiverNorth's November 17 webcast, "Incorporating Marketplace Lending into an Institutional Portfolio"; notable data points from the snapshot include monthly gains in publicly traded companies for Lending Club, Yirendai and Square; in UK listed funds, the Ranger Direct Lending Fund continues to lead returns with a monthly gain of 2.27%; the RiverNorth Marketplace Lending Fund also has a monthly gain, with a return of 0.84%; in securitization the snapshot has Lendmark Funding Trust as the most recent securitization with a pricing date of October 26. Source
Orchard's Weekly Online Lending Snapshot reports on an active week for online lending which began with the SEC's Fintech Forum and included industry news from Prosper, Renaud Laplanche and Zopa; Orchard also mentions the industry's four securitizations announced this week to be reaching default triggers and an industry wide increase in charge-offs overall in older, higher risk loan grades; highlights from the Snapshot's data indicators include a 23.42% increase in Lending Club's stock and a positive month of returns from all US publicly traded companies, lower monthly return for all UK listed marketplace lending funds with the VPC Specialty Lending Fund leading monthly losses with a return of -12.42%, and newly added River North Marketplace Lending Fund reporting a monthly increase of 0.83%. Source
In Orchard's Weekly Online Lending Snapshot they provide some insight on the Marketplace Lending and Alternative Financing Summit, noting industry performance and data transparency as key themes; data points show gains from publicly traded companies in the industry led by LendingTree with a monthly gain of 19.93% and Square with a monthly gain of 16.17%; in the UK listed marketplace lending funds Ranger Direct Lending led monthly returns with a gain of 24%; the US listed River North Marketplace Lending Fund reported a monthly gain of 0.59%; the LendingClub Issuance Trust LCIT-2016-NP2 was listed as the most recent securitization issuance with a pricing date of December 1. Source
In Orchard's January 6 Weekly Snapshot it notes the Consumer Financial Protection Bureau's actions against Equifax and TransUnion and its new updates to the Orchard Lendscape; data on publicly traded online lenders shows OnDeck with a monthly gain of 11.21% and Square continuing to report gains with a monthly return of 9.72%; in UK listed funds the VPC Specialty Lending Fund led gains with a monthly return of 10.07% followed by P2P Global Investments with a monthly gain of 8.84%; in the US the River North Marketplace Lending Fund reported a monthly return of -0.94%. Source
Orchard's January 13 Snapshot highlights Funding Circle's new investments, Marcus and final comments on the Office of the Comptroller of the Currency's fintech charter proposal; in publicly traded marketplace lending stocks OnDeck led returns with a monthly return of 14.12% followed by Square with a monthly return of 4.76%; in UK listed funds the P2P Global Investment Fund led monthly returns with a gain of 4.08%; in the US the RiverNorth Marketplace Lending Fund reported a monthly return of -1.02%. Source
Orchard published its Weekly Online Lending Snapshot with data through Tuesday of the Thanksgiving holiday week; commentary focuses on increased lending to small businesses and highlights Small Business Saturday which occurred on November 26; the Weekly Snapshot shows publicly traded marketplace lending company returns led by LendingClub with a monthly gain of 22.38% and LendingTree with a monthly gain of 16.09%; UK listed funds all reported losses on a monthly return basis with the VPC Specialty Lending Fund leading losses at -10.38% followed by the P2P Global Investments Fund reporting a monthly loss of -7.12%; the US listed, River North Marketplace Lending Fund has reported a positive monthly gain of 0.83%; in securitizations, SoFi is the latest issuer with the SoFi Professional Loan Program LLC (SOFI-2016-E) priced on November 17. Source
Orchard has released a comprehensive report analyzing platform data attributes across the marketplace lending industry; the white paper is titled, "Making Loan Data Actionable"; provides insight on varying data management strategies across the industry and explores an accounting standard for alternative marketplace loans; Orchard has taken the lead on marketplace lending data standardization due to its association with the majority of the industry's lending network. Source
Orix Corporation and its affiliate Yayoi Co., Ltd. have launched a new online lending business; the platform will focus on lending to small businesses in Japan; the service will seek to utilize big data and artificial intelligence to develop an advanced credit underwriting model for lending. Source
The Fed made one increase to the federal funds rate in December 2016 and economic market activity appears to be improving with the election of President-Elect Donald Trump; Rohit Arora of Biz2Credit says the outlook is optimistic for small business owners in 2017; with only one rate increase, borrowing rates are still low for small business owners and lenders are approving a higher percentage of loans; Donald Trump's plans to alleviate some of the burdens from Dodd-Frank on banks is also likely to help approval rates for small business owners. Source
The National Internet Finance Association has announced the establishment of a P2P Finance Association; the Association will be led by the People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and the China Insurance Regulatory Commission; the Association will seek to improve the industry and promote its development. Source