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#2
Investors - LC / where have all the good (folio) notes gone..?
April 15, 2013, 11:00:00 PM
Here is my theory and it has something to do with institutional lenders.
Fact: Institutional Lenders snap up as many loan that match their criteria as possible
Result in: Number of loan available to purchase note decrease in LC (As of now, the total available loan in LC is 82)
If there is less loan to purchase, people is a bit hesitate to sell their notes
Fact: Institutional Lenders play by big money, big number so they will not set their default purchase note at $25
Result in: When they sell note in Folio after 3 or 4 months to get their fund and maximum interest, or when note go into default/grace period, most Folio users will not see these notes with their criteria (selling price is well above $25)
Fact: Institutional Lenders snap up as many loan that match their criteria as possible
Result in: Number of loan available to purchase note decrease in LC (As of now, the total available loan in LC is 82)
If there is less loan to purchase, people is a bit hesitate to sell their notes
Fact: Institutional Lenders play by big money, big number so they will not set their default purchase note at $25
Result in: When they sell note in Folio after 3 or 4 months to get their fund and maximum interest, or when note go into default/grace period, most Folio users will not see these notes with their criteria (selling price is well above $25)
#3
Investors - LC / Referral Bonus
March 18, 2013, 11:00:00 PM
So I saw a little jump from 11% IRR to 20%.
My LendingClub Annual Return is 16%
Look into my account and see a nice "Referral Bonus" of $33.26
Here is my Lending Club Account Detail:
Deposits: $3,326.00
Investment:
(includes In Funding) ( $2,050.00 )
Principal Received: $96.21
Note Interest: $43.25
Late Fees Received: $0.00
Recoveries: $0.00
Collection Fees: ( $0.00 )
Service Charges: ( $1.57 )
Adjustments: $25.00
Withdrawals: ( $1.00 )
Pending Withdrawals: ( $0.00 )
Referral Bonus: $33.26
Just like to share this info with LC investor, and if someone can let me know where this possible come from, that would be great (I originally sign up with LC via Mint.com)
My LendingClub Annual Return is 16%
Look into my account and see a nice "Referral Bonus" of $33.26
Here is my Lending Club Account Detail:
Deposits: $3,326.00
Investment:
(includes In Funding) ( $2,050.00 )
Principal Received: $96.21
Note Interest: $43.25
Late Fees Received: $0.00
Recoveries: $0.00
Collection Fees: ( $0.00 )
Service Charges: ( $1.57 )
Adjustments: $25.00
Withdrawals: ( $1.00 )
Pending Withdrawals: ( $0.00 )
Referral Bonus: $33.26
Just like to share this info with LC investor, and if someone can let me know where this possible come from, that would be great (I originally sign up with LC via Mint.com)
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