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Messages - joshmer

#1
Investors - LC / Monthly FICO Pulls
September 30, 2014, 11:00:00 PM
Anyone else notice that a couple of the FICO scores have began to trickle in?   Something funky is going on in there system because about 25 notes (not new issues) had a pull out of 600 for me, but the one note I flagged for sale after a large drop isn't showing the updated FICO score on the credit score graph.  I hope they get back to 1 pull date and quit trying to fix things that aren't broken.
#2
Theoretically let's say that LendingClub decides there should be more transparency in the secondary market in the future, and therefore decide to implement a database that includes every transaction that has occurred on the folio marketplace.

How do you think this would effect the trading that occurs?   Obviously there would be some hard data crunching of the numbers to see where the true sales are occurring (which can be assumed right now to be near where the lowest discounted loans are listed).  But the bigger question would be do you think it would work towards a very efficient market whereas I would know that if my D2 loan with 26 payments left and a 640 FICO goes late on a payment that I'm going to get between 92-95% on the loan almost every time (I know there are other factors but its just an example).

Just wanted to see what people thought.   I think that at some point there has to be more data opened up to traders, I just hope it is sooner rather than later.
#3
Investors - LC / LC accounting problems
April 22, 2014, 11:00:00 PM
The differences between amount lent and principal invested looks to be their account for the origination fee on the loan to the borrow.  Although 2.2% for the last two loans is lower than their standard fee, maybe it was during a promotional period?  I don't know how to explain the 3 different numbers listed on the first loan.
#4
Investors - LC / Value of previously late notes
April 19, 2014, 11:00:00 PM
Just a question for anyone out there to throw some thoughts around.   I recently started to reprice my notes that have had a late payment before and are now current.   I figured that 95% of principle balance would be a good place to start with notes that have a downward trending FICO, but I'm been surprised to see the large portion of my notes selling quickly.   Has anyone done an analysis the value of a note going late at least one time?  Outside of lending club's cure rates I didn't see a post on true statistics around notes having further payment issues.

Thanks!