Orchard's Weekly Online Lending Snapshot for the week of October 27 focuses on new marketplace lending securitizations and the snapshot's new tracking for recent securitization issuances; other key data points from the week include Yirendai leading publicly-traded marketplace lenders with a monthly stock gain of 12.52% and the UK Ranger Direct Lending Fund continuing to lead among UK listed funds with a monthly gain of 6.46%. Source
In Orchard's Weekly Online Lending Snapshot, the company introduces a new section on US marketplace lending funds and highlights the growing business also noting RiverNorth's November 17 webcast, "Incorporating Marketplace Lending into an Institutional Portfolio"; notable data points from the snapshot include monthly gains in publicly traded companies for Lending Club, Yirendai and Square; in UK listed funds, the Ranger Direct Lending Fund continues to lead returns with a monthly gain of 2.27%; the RiverNorth Marketplace Lending Fund also has a monthly gain, with a return of 0.84%; in securitization the snapshot has Lendmark Funding Trust as the most recent securitization with a pricing date of October 26. Source
Orchard published its Weekly Online Lending Snapshot with data through Tuesday of the Thanksgiving holiday week; commentary focuses on increased lending to small businesses and highlights Small Business Saturday which occurred on November 26; the Weekly Snapshot shows publicly traded marketplace lending company returns led by LendingClub with a monthly gain of 22.38% and LendingTree with a monthly gain of 16.09%; UK listed funds all reported losses on a monthly return basis with the VPC Specialty Lending Fund leading losses at -10.38% followed by the P2P Global Investments Fund reporting a monthly loss of -7.12%; the US listed, River North Marketplace Lending Fund has reported a positive monthly gain of 0.83%; in securitizations, SoFi is the latest issuer with the SoFi Professional Loan Program LLC (SOFI-2016-E) priced on November 17. Source
Orchard has announced a new data services partnership with investment bank, Sandler O'Neill; Sandler O'Neill provides investment banking advisory services for clients in the financial services industry; the partnership will provide access to Orchard's full suite of marketplace lending data analytics services for Sandler O'Neill and its clients making Sandler O'Neill a leading investment advisory service for financial institutions considering bank partnerships. Source
In Orchard's Weekly Online Lending Snapshot they provide some insight on the Marketplace Lending and Alternative Financing Summit, noting industry performance and data transparency as key themes; data points show gains from publicly traded companies in the industry led by LendingTree with a monthly gain of 19.93% and Square with a monthly gain of 16.17%; in the UK listed marketplace lending funds Ranger Direct Lending led monthly returns with a gain of 24%; the US listed River North Marketplace Lending Fund reported a monthly gain of 0.59%; the LendingClub Issuance Trust LCIT-2016-NP2 was listed as the most recent securitization issuance with a pricing date of December 1. Source
Orchard discusses the November 4 week's industry activities, highlighting banks' increasing interest in online lending and fintech in its weekly snapshot; the Orchard Index, which measures aggregate US P2P/MPL consumer loan performance, reported a monthly gain of 0.24%; Yirendai led gains in publicly traded companies with a monthly return of 11.29%; Ranger Direct Lending continued to lead gains in UK publicly traded funds with a monthly gain of 6.65%; the snapshot features Earnest's recently transacted securitization and reports the most recent securitization transacted by Lendmark Funding Trust. Source
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
Orchard has released its "Quarterly Industry Report" for the third quarter; origination volume was lower in the third quarter, down approximately 21% from the previous quarter and 50% from peak origination volume in the fourth quarter of 2015; the third quarter is the third consecutive quarter of decreased origination volume; charge-offs have also increased; average borrowing rate has decreased 79 basis points from the previous quarter. Source
Emerging online lending platforms from traditional banks could be the market's disruptors with their ability to offer low fees; few banks have emerged with proprietary online lending platforms however the fee structures offered by Marcus from Goldman Sachs have caused some industry participants to fear the emergence of similar models; other speculators believe traditional banks are not agile enough to build and offer market leading online lending capabilities in a competitive timeframe; Orchard says competition will be fierce but the end result is likely to produce improved and expanded access to capital for customers. Source
Orchard provides insight on monthly trends in P2P lending originations; uses Lending Club's publicly available standard program data for the analysis; finds October has historically been the peak month for P2P loan originations; identifies loan purpose trends for 2015 with debt consolidation notably highest in January; categories with peak lending originations in December in 2015 included major purchase, other and small business. Source