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The Peer-to-Peer Loan Industry Has Been Getting Slammed

A wilting share price for LendingTree and other specialized financials.
Aerial Views Of Haze Pollution In South Sumatra
Photographer: Dimas Ardian/Bloomberg

So far, 2016 has not been a good year for peer-to-peer, or marketplace, lenders.

Shares of LendingTree, an online market for mortgages and other loans, were wilting on Wednesday, falling as much as 27.8 percent following a management presentation at a conference. Just yesterday, the company announced it would exceed its previous guidance for the fourth quarter and full year of 2015, with revenue forecast to inch up to $253.5 million, compared with a previous forecast of $252.5 million.