Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
PeerIQ Releases Marketplace Lending Securitization Tracker Q3 2017
ShareTweet
Home
Peer to Peer Lending
PeerIQ Releases Marketplace Lending Securitization Tracker Q3 2017

PeerIQ Releases Marketplace Lending Securitization Tracker Q3 2017

Fintech Nexus Staff·
Peer to Peer Lending
·Oct. 11, 2017·1 min read

PeerIQ has released their latest marketplace lending securitization report for the third quarter. Total issuance for the quarter was $2.6 billion, down from $3.0 billion in the previous quarter. This represents an increase of 7.6% from the prior year period. Total issuance to date is now $23.8 billion across 96 deals. The breakdown of securitizations by asset class is shown below:

One of the indicators of the maturation of marketplace lending is that for the second quarter in a row all deals were rated. As usual SoFi led the way as far as total volume goes closing two consumer deals and one student loan deal. Both Lending Club and Prosper issued a securitization and College Avenue issued their first ever student loan securitization. This was Lending Club’s first securitization of prime loans, with borrowers having a weighted average FICO of 692.

The below league table shows the top ten originators and total securitizations across 2016 and 2017 to date.

PeerIQ noted several other takeaways for the quarter which are further explained in the report:

  • Credit support requirements remain stable as rating agencies get more comfortable with collateral performance. We see deterioration in credit performance, but investors are well protected due to structural features and senior tranches deleverage rapidly to gain greater protection. Demand remains robust in this sector.
  • In related news, Goldman Sachs purchased $300Mn of solar loans from Mosaic. It would be interesting to see if they would participate in future Mosaic securitizations, as they have in the Marlette transactions.
  • 3Q17 saw a benign macro environment and low volatility. The Fed announced the beginning of its balance sheet reduction program to start in October, and prepared the market for an interest rate hike at the December meeting.

Conclusion

This is just a taste of the information that PeerIQ includes in their reports. Every quarter they do a great job of putting this information together and providing their perspective on the securitization market. You can download the full report on the PeerIQ website.

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

    View all posts

Tags
PeerIQsecuritization
Related

Podcast 428: Gunes Kulaligil of Stout

PeerIQ panel discussion

Pioneering Data Analytics Firm PeerIQ Acquired by Cross River

Podcast 276: Mike Cagney of Figure

More News for August 4, 2020

Popular Posts

Today:

  • KanyiThe World According to Kanyi Maqubela Jul. 8, 2025
  • Revised-AI-InvoiceAI Faces Skepticism. Startups Say: OK, Pay When it Works Jun. 25, 2025
  • Orum(2)Field of dreams, rails for payments: Orum partners with Visa Direct Feb. 27, 2025
  • Jon StonaTips from Airwallex x McLaren on Making the Best of a Fintech Sponsorship  Jun. 18, 2025
  • GreenliteAI-Alex-WillGreenlite AI is on a mission to revolutionize banking compliance Jun. 10, 2025
  • Current stablecoin adoptionWhy Banks (and Fintechs) Need to Embrace Stablecoins Today Jun. 12, 2025
  • PayabliFunded: Payments infrastructure co Payabli lands $28M Series B to AI-ify Jun. 20, 2025
  • WP-Funded2Funded: Maze nabs $25M Series A to stop cloud breaches before they start Jun. 13, 2025
  • Ahead of AIOutsmart Pricing Objections Before They Arise with AI Jul. 1, 2025
  • Ben Hemani, Founding Partner at Bison VenturesThe Risk and Reward of Betting Big on AI’s Next Frontier Jun. 4, 2025

This month:

  • WP UmbrellaTo Bank or Not to Bank: The ILC Question Jun. 5, 2025
  • GreenliteAI-Alex-WillGreenlite AI is on a mission to revolutionize banking compliance Jun. 10, 2025
  • Current stablecoin adoptionWhy Banks (and Fintechs) Need to Embrace Stablecoins Today Jun. 12, 2025
  • ai-work-nexusWalkMe Vets Declare War on SaaS Bloat with $10M Seed for Autonomous Agents Jun. 10, 2025
  • Jon StonaTips from Airwallex x McLaren on Making the Best of a Fintech Sponsorship  Jun. 18, 2025
  • Ironclad State of AI ReportThe Economics of AI Trust Jun. 11, 2025
  • Email-AI-pieceAvatar CEOs Have Entered the Meeting Jun. 18, 2025
  • KanyiThe World According to Kanyi Maqubela Jul. 8, 2025
  • Revised-AI-InvoiceAI Faces Skepticism. Startups Say: OK, Pay When it Works Jun. 25, 2025
  • Globe-money-symbolsOPINION: Why Brazil and India are leading the global digital shift through payment innovation Jun. 24, 2025

  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2025 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results