Cross River Intelligence Archives

Comments will be brief in light of the US holiday. Risk retention rules for marketplace lending took force this past week. Risk retention rules were introduced as a part of the Dodd-Frank regulation to promote an alignment of interests between sponsors and investors of securitization. Risk retention has slowed the pace of issuance and lending in CLO and leveraged loan markets. Issuers and sp ...

In a widely expected move, FOMC officials increased the Fed Funds rate by 25 bps to a target range of between 50 and 75 bps. Higher financing costs on warehouse lines will reduce net interest margins for whole loan investors unless there is a commensurate rate increase for borrowers. Platforms are expected to pass on some or all of the increase in borrowing costs to consumers to demonstrate the re ...

It was great to see so many MPL participants this past week at the Opal Group’s Marketplace Lending & Alternative Financing Summit. The OCC’s move to authorize national bank charters for fintechs dominated conversations there, including whether (and which) fintechs might ultimately seek to avail themselves of the pre-emption benefit.  We refer readers to PeerIQ's analysis ...

The marketplace lending ecosystem experienced seminal developments this past week.On the regulatory front, the OCC introduced a framework for granting national bank charters to FinTech lenders. In the ABS market, the first rated securitization of loans (Lending Club’s LCIT-NP2) consisting of Madden & Midland loans priced successfully. A strategic partnership between PeerIQ and TransUnion ...

PeerIQ and TransUnion Forge Strategic Partnership to Bring Suite of Data Transparency Solutions to Marketplace Lending Partnership to solve key challenges facing the industry -- including limited data history, credit verification, and consensus valuation -- to drive more efficient investment into marketplace lending NEW YORK, NY--(Marketwired - December 01, 2016) - PeerIQ, a leading provider of ...