Cross River Intelligence Archives

Serving as loan data agent for the deal, PeerIQ allowed prospective ABS buyers to quickly analyze the underlying loan collateral at both the portfolio and loan-level NewYork, Oct. 30, 2017 (GLOBE NEWSWIRE) -- Mosaic, America's leading provider of affordable home solar financing solutions, has partnered with PeerIQ, a leading loan analytics platform provider, to support this week’s sola ...

A recent report from McKinsey on the global banking industry addressed the threat banks face from technology firms. Amazon stock jumped 13% on earnings and reporting that Amazon is increasing its lending footprint. Tune into Bloomberg Radio archive to hear more about this topic as PeerIQ's CEO discusses the threats and opportunities of big technology with Bloomberg’s Lisa Abramowicz and Pimm ...

Earlier this week, Mosaic priced MSAIC 2017-2, their second solar ABS. The deal was heavily oversubscribed, with over $1.7 Bn in orders for a $307.5 Mn deal. PeerIQ teamed up with Mosaic by powering the marketing process with the PeerIQ investor portal. The investor portal provides greater transparency to help investors transact with confidence by offering transparent loan-level analytics. We are ...

During an unusual period of global synchronized growth, the IMF raised its Global Growth Forecast for 2017 and 2018 by 10 bps to 3.6% and 3.7%, respectively. The IMF also named nine banks that will struggle to achieve profitability. “About a third of banks by assets may struggle to achieve sustainable profitability, underscoring ongoing challenges and medium-term vulnerabilities,” the ...

This past Wednesday, Rick Smith, former Equifax CEO, appeared before the Senate Banking Committee. Equifax’s stock price rose several points despite severe questioning. Investors are concluding from the appearance that Equifax’s core business will remain intact although there may be severe penalties and privacy regulation in store. In prepared remarks, Smith suggested policy ...

Leading regulators and lenders convened this past week at the Online Lending Policy Institute in Washington. Keith Noreika, the acting head of the OCC, delivered a keynote expressing support for online lenders. Noreika enlivened the audience when he made the case that marketplace lenders represent the evolution of banking Also, in a major shift from prior OCC Head Tom Curry, Noreika affirmed th ...