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PeerIQ Monthly Update: February 2016

By Vy Phan

February 29, 2016

Going into March and ABS Vegas, we see a thaw in credit markets with a step-up in issuance and trading activity. We thought we would summarize recent deal activity and share our observations on the market.   Picture1 At the deal level, we continue to see a proliferation in deal structures and variations: Against the foregoing, the need for analytical tools to help institutional investors originate, compare, finance, price, and exchange the risk is as strong as it’s ever been. Several members of the PeerIQ management team will be at ABS Vegas this week. Please stop by the ‘Development of Securitization in Marketplace Lending’ or the ‘The Future of Regulation in US Marketplace Lending’ panel and say hello. 1.  Conferences

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 AlertCreditFlux 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.
3. Sector Update
  • 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
  • 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
Various media mentions of PeerIQ this past week