In this week’s PeerIQ Industry Update they cover the recent news that CEOs of the six largest banks will testify on capitol hill for the first time since the financial crisis; all issuers, except Capital One, saw revenue growth and all issuers saw significant earnings growth year on year; stock prices were mixed overall and executives were positive on their economic outlook; 2019 has so far seen two MPL securitization deals with Prosper’s PMIT 2019-1, a $172 Mn deal, and SOFI 2019-A, a $482mn deal; PeerIQ also released their latest MPL Loan Performance Monitor which tracks the delinquency rates, cumulative losses, cumulative prepays and transition matrices for consumer loans originated by Marketplace Lenders. Source.
