P2P Lending / NFT Lending Forum

https://forum.lendacademy.com/index.php?topic=4274.msg39675#msg88888888Quote"> from: newstreet on February 12, 2017, 03:37:16 PM

https://forum.lendacademy.com/index.php?topic=3551.msg39385#msg39385">Quote"> from: Rob L on January 15, 2017, 03:47:28 PM

I've started cutting back from around $50k to around $25k invested, mostly passively but I think I want to accelerate that slightly now.  I expect LC returns to slowly improve from the last 5 months and stabilize at some point, but it will be lower than the historical returns.  I don't expect any sharp improvement, and I'm very uncertain of the final EV, which is why I'm drawing back.

At any rate, I would note that this is seasonally the time of year for things to go south with late payments and defaults, so the default merely not getting worse for the next few months might indicate a positive trend.

I'm seeing this 100%, getting constant 503s.

https://forum.lendacademy.com/index.php?topic=3213.msg28866#msg88888888Quote"> from: yojoakak on May 13, 2015, 04:04:19 PM

Well, the new LC tax forms are out, and Lending Club has added a fun surprise, cost basis is now reported to the IRS, using a method that is in line with LC's traditional high standards for accuracy and reporting.  Also, cost basis has been reported for each individual Folio note transaction, so we can have more fun.

To be fair, it's only like 5 dollars off from my method, but good luck ever trying to figure that out, and it looks like some of the more optimistic methods of calculating cost basis for LC notes are about to be rendered obsolete.

https://forum.lendacademy.com/index.php?topic=2677.msg23817#msg88888888Quote"> from: core on October 14, 2014, 04:55:56 PM

Could be husband/wife.  I see that a lot on borrower deceased notes.

https://forum.lendacademy.com/index.php?topic=2376.msg23457#msg88888888Quote"> from: rawraw on September 29, 2014, 06:50:56 AM

https://forum.lendacademy.com/index.php?topic=2664.msg23317#msg88888888Quote"> from: core on September 23, 2014, 09:47:01 AM

Are there any statistics regarding FICO drops correlating to defaults?  I'm sure there's a correlation, but there are plenty of notes that drop to ~600 credit scores and dig themselves out over time too.

https://forum.lendacademy.com/index.php?topic=2627.msg22882#msg88888888Quote"> from: cfb on September 08, 2014, 05:28:42 PM

The obvious problem is that as soon as the asymmetry goes away, manual buyers suddenly get fucked as hard as the API buyers are today, but worse and in reverse.  Today, a person frantically f5'ing the note listings can nab a good deal of high-desirability notes (that are funded in <5 seconds of listing) and filter through them at their leisure.  Tomorrow, this person will be 100ms behind a computer controlled program and will get nothing.

I got hit with a few a couple of weeks ago, but it's been quiet for me lately.  It's almost like there are hundreds of thousands of notes we could all be investing in and the overlap isn't very good.  Hey, wait a second, there might be something to this theory...

What I would expect if there were an actual strategy that beat the market consistently would be that multiple people would figure this out and there would be a small concentration instead of a diffuse, near-normalized distribution.