2. Hiring Update: Brian Roncoroni!
We are very excited to introduce a new member to our team this month. Brian’s arrival has received recognition in media outlets including Asset Backed Alert, CreditFlux and SCI.- Brian Roncoroni joins PeerIQ to head up our sales efforts. Prior to this role, Brian was working at CoreLogic as a Strategic Account Executive. His structured products experience also includes time at both Sungard and FactSet. Brian previously held institutional sales positions with Salomon Brothers and Franklin Templeton.
- LendingClub to Change Its Fee Model(WSJ, 2/26/16) Lending Club directs portion of fees to WebBank to ensure the economics of the originating bank are tied to loan performance
- China Said to Agree $7.7 Billion of Bad Loan Securitization(Bloomberg 2/24/16) New securitization quota has potential to help the banks remove 100-150 billion Yuan of distressed loans from their balance sheets
- More Subprime Borrowers Are Falling Behind on Their Auto Loans(Bloomberg, 2/23/16) Delinquencies on subprime auto loans packaged into bonds rose to 4.7 percent in January—a level not seen since 2010
- Online lenders see cash crunch(CNBC, 2/19/16) Despite a tighter ABS market and other capital constraints, the P2P industry is still experiencing major growth that has attracted large investors over the last several years
- SFIG Testimony regarding impact of Dodd-Frank Act and Basel III on Securitization Market(SFIG, 2/24/16) Testimony by SFIG’s director, Richard Johns, before congress on the impact of Basel II and Dodd-Frank on the ABS markets
- Ex–Citi Boss Vikram Pandit Backs Peer-to-Peer Lending(Institutional Investor, 2/24/16) PeerIQ receives Vikram Pandit’s backing and recognition as one of the key players within the alternative financial economy
- US online lending credit is deteriorating, here’s the data(FT, 2/26/16) PeerIQ’s recent analysis on P2P credit performance
- The online lending market might be telling us something troubling about the US economy(Business Insider, 2/22/16) Discussion of increased delinquencies in P2P data
- Lending Club and Prosper Interest Rates, Loss Curves and Loan Performance(LendAcademy, 2/22/16) In light of recent news, LC and Prosper interest rate increases and vintage performance addressed
- 26 FinTech Companies Powering Institutional Investments and Trading(Letstalkpayments, 2/22/16) PeerIQ makes the list of 26 FinTech companies powering Institutional Investments and trading