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May 17, 2019  

Prosper Joining Issuance Clubs

Look for Prosper Marketplace to retain more of its personal loans for securitization.While the San Francisco originator has sponsored six securitizations totaling $2.8 billion since 2017, it didn’t kick in any of the collateral for the first five offerings. Instead, it arranged “club” transactions that bundled accounts it had sold to multiple buyers.That changed when Prosper contributed an undisclosed portion of the collateral...

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