Marketplace Lenders' Credit Catchup Uncertain for US ABS
Banking & Financial Services / United States / Wed 30 May, 2018
Investors should be cautious before assuming the stronger collateral pools of recent marketplace loan (MPL) asset based securities (ABS) will perform better than prior transactions. Attempting to offset weakening performance on recent originations, particularly from the lowest quality borrowers, lenders have pulled back noticeably on lending to