P2P Forum

Lending Club Discussion => Investors - LC => Topic started by: ThinleyWangchuk on July 21, 2016, 11:00:00 PM

Title: Where did all the loans go?
Post by: ThinleyWangchuk on July 21, 2016, 11:00:00 PM
# of new loans of platform has decreased materially in the last few days.  Any idea why?
Title: Where did all the loans go?
Post by: thomcg on July 21, 2016, 11:00:00 PM
This seems to occur periodically. Give it a few more days.
Title: Where did all the loans go?
Post by: BruiserB on July 22, 2016, 11:00:00 PM
It always decreases when I add money to my account. :-/


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Title: Where did all the loans go?
Post by: dr.everett on July 24, 2016, 11:00:00 PM
Seems little/no panic selling on Folio either. Starting to see money pile up and when I check Folio manually there's nothing good there.

Guess that means things are getting back to normal?
Title: Where did all the loans go?
Post by: fliphusker on July 25, 2016, 11:00:00 PM
from: dr.everett on July 25, 2016, 02:25:03 PM
Title: Where did all the loans go?
Post by: Edward Reid on July 25, 2016, 11:00:00 PM
Very strange. As of this moment (9:31 EDT, 6:31 PDT) there are 751 loans available. That's a lot. All are class A, B, and F. Not a single C, D, or E. Obviously LC is intentionally skewing the class distribution, not the total supply. I have no idea why.

Edward
Title: Where did all the loans go?
Post by: nmay2k on July 25, 2016, 11:00:00 PM
it's been slow. I haven't had a loan meet my criteria since the 19th. For fractional loans, there are currently 747
A: 352
B: 337
F: 58

top 3 sub grades
A5: 100
B4: 95
A1: 79

I don't remember A1's being so popular before...I guess folks who don't need loans are getting loans?
This appears to be the usual slowness at the end of the month and then things magically pick-up at the start of the month. They are probably holding loans back for the start of the month when new money comes around. 
Title: Where did all the loans go?
Post by: TravelingPennies on July 26, 2016, 11:00:00 PM
There are a few CDE loans tonight. Still mostly AB.

Edward
Title: Where did all the loans go?
Post by: Hrant on August 06, 2016, 11:00:00 PM
Ok, just checked, now on all of the platform, there are only 37, yes, 37 loans!!!
Why?
Would be nice of LC to inform and be transparent for their future...
Especially to their investors, who have stuck w/them, especially, the retail investors, like us:)
Awaiting thoughts. Thank you.
Title: Where did all the loans go?
Post by: AnilG on August 06, 2016, 11:00:00 PM
LC is not releasing new loans to retail platform on weekends for now couple of weeks.

from: Hrant on August 07, 2016, 04:10:53 PM
Title: Where did all the loans go?
Post by: akishore on August 07, 2016, 11:00:00 PM
Hi, new to this forum.  I'm only seeing 22 Loans today on Lending Club!  Is this right or do I have too many filters on?

Anita
Title: Where did all the loans go?
Post by: Lovinglifestyle on August 07, 2016, 11:00:00 PM
Welcome!  22 is right, since before 5 P.M. last night.  Not a problem caused by your filters--just hang on, there'll be more by a day or two from now.
Title: Where did all the loans go?
Post by: TravelingPennies on August 07, 2016, 11:00:00 PM
Thanks!  Will keep looking...
Title: Where did all the loans go?
Post by: Fred93 on August 07, 2016, 11:00:00 PM
LC posts loans 4 times per day.  I think there must be a new fellow in charge of this for the last few months, as they don't take as much care to maintain inventory levels in the fractional market as they used to.  In any case, the pattern now is that most postings are small, and the weekday afternoon postings are the big ones.  It is as if the guy has it set on automatic, ie just post a tiny number, and then he steps in once per weekday, and opens the gate.

It would be better for fractional investors if they paid attention to the inventory level.  You'd like to know that whenever you login, there's a fair chance that you can do some business.  I'll send in this suggestion.

This chart shows the number of loans posted at each feeding time.  I've shown the total number of loans posted, including both whole and fractional.  The line is a 7 day moving average of the dots, so you can see the trend.

Title: Where did all the loans go?
Post by: TravelingPennies on August 07, 2016, 11:00:00 PM
How can I learn about fractional vs whole investing in LC, Prosper, etc?  Do I have that as an option as a retail investor? Or is that only for Institutional clients?
Title: Where did all the loans go?
Post by: Fred93 on August 07, 2016, 11:00:00 PM
Quote"> from: akishore on August 08, 2016, 12:43:19 PM
Title: Where did all the loans go?
Post by: ThinleyWangchuk on August 08, 2016, 11:00:00 PM
Quote"> from: Fred93 on August 08, 2016, 12:37:26 PM
Title: Where did all the loans go?
Post by: TravelingPennies on August 08, 2016, 11:00:00 PM
from: ThinleyWangchuk on August 09, 2016, 02:50:28 PM
Title: Where did all the loans go?
Post by: PugGrumble on August 14, 2016, 11:00:00 PM
One evening I went to invest and I couldn't find any A or B loans.
I think it varies.
:D
Title: Where did all the loans go?
Post by: TravelingPennies on August 18, 2016, 11:00:00 PM
from: Fred93 on August 08, 2016, 01:01:51 PM
Title: Where did all the loans go?
Post by: dr.everett on August 28, 2016, 11:00:00 PM
Seems to me like we're back to the where are the loans again. Yes it's end of month and all, but wow. Nothing good in Folio. Nothing good that's new. I've seen rules purchase in my plans that normally don't get used because everything else triggers before. Even still- not enough to buy.

And it seems like all the panic sellers are gone too.

I list notes for sale at a significant markup and they are starting to sell again too. Crazy times, it seems. Looking at $2-3k waiting to be invested, and no where good to invest it.

Others seeing similar or has my criteria become too tight?
Title: Where did all the loans go?
Post by: rj2 on August 29, 2016, 11:00:00 PM
from: ThinleyWangchuk on August 19, 2016, 05:03:13 PM
Title: Where did all the loans go?
Post by: Rob L on August 29, 2016, 11:00:00 PM
I've taken about 40% of my chips off the LC table and this afternoon I've turned on my auto-invest program again. I didn't let it actually buy anything, but I wanted to see what "it would have bought" if I chose. Two (yeah, count them) notes in the 2pm PDT drop. I'll let the program run this way for a while so I can figure out if LC is showing us the door so to speak, or if they are still committed to keeping little guy in the game. I should have been running in this mode since 5/9 and would have a better understanding of loan availability. Unfortunately I did not. Bad on me.

Title: Where did all the loans go?
Post by: dms on August 31, 2016, 11:00:00 PM
Quote"> from: Lovinglifestyle on August 08, 2016, 12:06:50 PM
Title: Where did all the loans go?
Post by: lascott on August 31, 2016, 11:00:00 PM
from: dms on September 01, 2016, 06:29:54 PM
Title: Where did all the loans go?
Post by: fliphusker on September 01, 2016, 11:00:00 PM
from: dr.everett on August 29, 2016, 07:38:10 PM
Title: Where did all the loans go?
Post by: kiltym on September 01, 2016, 11:00:00 PM
There are literally no loans at all being listed on LC.  When I click browse loans, it shows 0 of 0 loans.

Never seen this before.

Edit:  After 6am drop, there are now 27.  I guess there are really 0 loans.  Seems a bit odd to me.
Title: Where did all the loans go?
Post by: SeanMCA on September 01, 2016, 11:00:00 PM
I am seeing zero right now
Title: Where did all the loans go?
Post by: TravelingPennies on September 01, 2016, 11:00:00 PM
from: fliphusker on September 02, 2016, 01:50:20 AM
Title: Where did all the loans go?
Post by: TravelingPennies on September 01, 2016, 11:00:00 PM
I have multiple filters on NSR for digging around FOLIO.  I am not sure if it is still in BETA, as I am/was a tester.  As a small investor, no fees are involved, so it is right up my alley.  I expect NSR to keep progressing and more useful items to be added in the near future. 
Anil gave me access for a month to poke around on PeerCube and its interface is fantastic.  Lots of bells and whistles on their FOLIO buying and selling.  Give him a lot of props for PC.
Both have automated features for buying, but until they build something that shows recent FICO drops, I just can not get into it.  FICO score might still be "UP" but in all reality, the note might be plunging like a stone. 
from: ThinleyWangchuk on September 02, 2016, 12:07:28 PM