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P2P Lending / NFT Lending Forum

General Category => General P2P Lending Discussion => Topic started by: PhilGD on March 13, 2016, 11:00:00 PM

Title: Bloomberg: "More Trouble in Bonds Backed by P2P Loans"
Post by: PhilGD on March 13, 2016, 11:00:00 PM
The article references research from Morgan Stanley and commentary from Peer IQ and Monja related to credit quality in the P2P space.

The recent trouble referred to in the headline is securitizations of Prosper loans that are on watch for downgrade by Moodys, anda 2015 securitization of CircleBack loans that has hit its cumulative loss trigger earlier than expected.

http://www.bloomberg.com/news/articles/2016-03-14/more-trouble-in-bonds-backed-by-peer-to-peer-loans
Title: Bloomberg: "More Trouble in Bonds Backed by P2P Loans"
Post by: Fred on March 13, 2016, 11:00:00 PM
IMO, this is the key to Prosper's issue:

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Title: Bloomberg: "More Trouble in Bonds Backed by P2P Loans"
Post by: Fred93 on March 13, 2016, 11:00:00 PM
From the article...
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Title: Bloomberg: "More Trouble in Bonds Backed by P2P Loans"
Post by: AnilG on March 13, 2016, 11:00:00 PM
Making mountain out of molehill. Out of 15 securitization deals shown in article image, only one has hit the trigger that also from a "me-too" sub-prime platform. None of securitization deals from LC or Prosper are anywhere close to going bad.
 
from: PhilGD on March 14, 2016, 10:56:15 AM
Title: Bloomberg: "More Trouble in Bonds Backed by P2P Loans"
Post by: TravelingPennies on March 13, 2016, 11:00:00 PM
from: AnilG on March 14, 2016, 04:33:46 PM
Title: Bloomberg: "More Trouble in Bonds Backed by P2P Loans"
Post by: TravelingPennies on March 13, 2016, 11:00:00 PM
from: AnilG on March 14, 2016, 04:33:46 PM
Title: Bloomberg: "More Trouble in Bonds Backed by P2P Loans"
Post by: P2PFact on March 16, 2016, 11:00:00 PM
Does anyone know where to get more info on this ABS deals? For example where did Bloomberg folks find the trigger chart?
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