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Messages - atom

#1
Investors - LC / Employer removed from loan description
September 24, 2013, 11:00:00 PM
Does anybody else see this change as negative? I for one lost a very useful piece of information about the stability of the borrower's income, because the same position in different companies or industries may imply very different risks. On the other hand, knowing the position, doesn't give me much more information than combined employer + income, since the position can be guessed from the two. In sum, this means less information about the borrower, higher uncertainty, and, in the end, lower returns. It may be easier for computers to sort through a shorter list of positions, but excluding the employer is not helping us humans. Not a good change IMHO. Thanks!