Latest news
Latest news
Third deconsolidation RMBS from a UK challenger bank since November
Parliament’s draft amendments are kinder to the market than Commission's
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Volkswagen Bank has set guidance for its first auto securitization backed by Italian loans, while initial price thoughts for Finnish CMBS FROSN 2018 DAC have been released.
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Upgrade Inc, an online personal loan company started by former LendingClub CEO Renaud Laplanche last April, will tap the securitization market this year, sources told GlobalCapital.
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The annual LendIt event in San Francisco honed in on key themes such as financial inclusion for US consumers, rising household debt and online lenders' ABS aspirations. Meanwhile, conference goers are beginning to turn their attention to blockchain technology as LendIt’s BlockFin sister event gets underway.
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Prosper will continue to issue ABS from its long standing PMIT shelf, but is looking for new whole loan contributors for its securitizations as it eyes the end of a loan consortium agreement inked last February.
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Provident Financial, the embattled UK lender, has raised £344m though a rights issue, to pay regulatory fines and restore its balance sheet to health.
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Online lenders at the LendIt Fintech USA 2018 conference in San Francisco said they are looking at structuring longer-dated fixed income products beyond ABS to attract more interest from insurance companies and other large asset managers.
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Online point-of-sale company Affirm is preparing for a possible securitization as the company looks to enter its next stage of growth.
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SoFi chief executive Anthony Noto told delagates at the LendIt Fintech USA 2018 event in San Francisco on Monday that the online lending company will launch a suite of new products this year as it looks to compete with other tech firms that are wading into consumer credit.
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Ygrene Energy Fund is in the market with its first Property Assessed Clean Energy (PACE) securitization of 2018, a week after PACEfunding closed a debut deal.