P2P Lending / NFT Lending Forum

Loan stats download is still not working. Anyone hear from LC on this?
 
Edit-
Several new data fields have been appended to the end of the browsenotes file. They look to be related to joint loan applications. I haven't been active in a while so I don't know how recently this began. Maybe they're updating the historical data download files to match?

https://forum.lendacademy.com/index.php?topic=4183.msg38689#msg88888888Quote"> from: Edward Reid on November 19, 2016, 12:01:18 PM

That chart is great but I think we need more clarity into the underlying borrowers. Have the loans written so far in 2016, on average, been assigned higher interest rates that would compensate investors for the higher delinquency performance?

I don't understand why this fund has loan servicing fees. Isn't the servicing done by the platforms even for whole loan buyers?

I agree that this is a strange distribution of available notes. Fortunately some of the F's look attractive. In the meantime I have a small pile of cash building up while I wait for more variety.

https://forum.lendacademy.com/index.php?topic=4015.msg36858#msg88888888Quote"> from: justice42 on July 26, 2016, 04:04:28 PM

I'm a big fan of the Lending Robot app for iOS and I check it regularly. One feature I like about the app is the forward-looking return, which I assume is calculated using a proprietary Lending Robot model.

As of yesterday, the forward looking return on my account was 10.88%. Today I logged on and the number was down to 8.96%. I was surprised to see such a large variance between one day and the next. Any idea what might be going on? My ANAR reported by lending club has not changed significantly recently. The LR app shows that I've had 4 notes become late and 2 charged off since my last visit. The size of my portfolio is approx 1,000 notes.

I received another direct mail solicitation from Discover Personal Loans today and I noticed that Discover offers loan terms of 36, 48, 60, 72, and 84 months. So I was wondering if there's a reason why marketplace lenders like LC and Prosper only offer terms of 36 or 60 months? In other words, if the underwriting tech at LC is as good as they claim then why not compete across all loan terms?

It's interesting that the number of inquiries in last 6 months was zero for all four loans

From the SEC filing:

(I legitimately laughed at this one)
Quote

https://forum.lendacademy.com/index.php?topic=3941.msg36325#msg88888888Quote"> from: Rob L on June 25, 2016, 02:40:06 PM

https://forum.lendacademy.com/index.php/topic,3911.msg35847.html?PHPSESSID=bb82730f0325f71a05b43fde32b77038#msg88888888Quote"> from: mchu168 on June 09, 2016, 12:00:16 PM

I seem to remember this forum complaining about the lack of communication from LC during the past week and a half. And now that they're finally reaching out, they're "desperate for funding?"

I get that we have cause for being concerned, but I really don't think it's time to get out the pitchforks.

https://forum.lendacademy.com/index.php?topic=3810.msg34242#msg88888888Quote"> from: bcartpa on May 09, 2016, 06:40:37 PM

https://forum.lendacademy.com/index.php?topic=3810.msg34227#msg88888888Quote"> from: broad40 on May 09, 2016, 05:22:22 PM