Orchard’s Weekly Online Lending Snapshot

Orchard’s Weekly Online Lending Snapshot reports on an active week for online lending which began with the SEC’s Fintech Forum and included industry news from Prosper, Renaud Laplanche and Zopa; Orchard also mentions the industry’s four securitizations announced this week to be reaching default triggers and an industry wide increase in charge-offs overall in older, higher risk loan grades; highlights from the Snapshot’s data indicators include a 23.42% increase in Lending Club’s stock and a positive month of returns from all US publicly traded companies, lower monthly return for all UK listed marketplace lending funds with the VPC Specialty Lending Fund leading monthly losses with a return of -12.42%, and newly added River North Marketplace Lending Fund reporting a monthly increase of 0.83%.  Source

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