Lending Club may sell ABS residuals, increase CLUB cert issuance

Lending Club executives said on a Tuesday earnings call that the company may look to sell the residual notes retained from a December 2017 securitization, and indicated the company’s intent to grow its Club whole loan certificate program.

  • By Sasha Padbidri
  • 21 Feb 2018

Thomas Casey, CFO at Lending Club, did not rule out the possibility of selling residuals from a $330m prime loan securitization that was closed in December, but indicated that the company had “no plans” to do so immediately.

“We may find an opportunity to sell that in the future. ...

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