Tagged: fitch

September 22, 2016 @ 5:27 am By Erin Hobey  |  

P2P Global Investments and Zopa have teamed up to work on Europe’s first securitization of unsecured consumer loans originated online, reported Bloomberg. The £138M ($179 million) transaction is backed by 27,137 loans to individuals, according to Moody’s Investors Service, with a weighted average seasoning of 10 months and a maximum loan… Read More

May 16, 2016 @ 2:04 pm By JD Alois  |  

The marketplace lending industry is getting hammered of late.  The after-shock reverberations following the resignation of Lending Club co-founder and CEO Renaud Laplanche continues to be a hot topic of conversation. Today, Fitch has come out with a report stating “investor confidence in marketplace lending… Read More

February 23, 2015 @ 9:49 am By JD Alois  |  

Global financial rating agency Fitch has shared its $0.02 on the recently announced partnership of 200 community banks with Lending Club noting the agreement may introduce new risk to the small banks.  Fitch qualifies this statement by adding there may also be an opportunity present… Read More

September 11, 2014 @ 11:02 pm By JD Alois  |  

Fitch Ratings director Brendan Sheehy addresses the emerging peer to peer (P2P) lending industry in a brief video presentation.  Sheehy, believes that P2P lending could be a disruptive force within the banking industry – just like so many others. He notes that since 2009, P2P… Read More

August 14, 2014 @ 11:53 pm By JD Alois  |  

Fitch Ratings has acknowledged the growing importance of peer to peer lending  companies in statement that P2P lending success is dependent on borrower credit. This past July, S&P and DBRS assigned a landmark rating on the senior portion of a $270 million P2P deal from SoFi…. Read More