P2P Lending / NFT Lending Forum

Does anyone know if these refinance loans are collateralized by the car? I'de assume yes but I can't find anywhere that says collateral is used.

What time period were you using for your data, yearly, monthly, because I'm in the process of making an Efficient Frontier of the filters I use  with yearly data and I'm having trouble with the variance/covariance table where the numbers are all essentially zero, leading to only two of the grades being given weights. 
https://forum.lendacademy.com/index.php?topic=4128.msg38248#msg88888888Quote"> from: Emmanuel on October 26, 2016, 02:14:26 PM

That was been my experience with folio as well over the past 6 months since I've started. Unlike you at some point searching for notes because a chore, even for me and my small account. And as with you prepayments are happening more often than I'de expect, out of the 96 notes I hold 6 have are paid off, but I just move on and don't let it bother me. Monitoring for grace period is another matter since I wouldn't expect many notes to go into grace period for my notes which are over 12 months old, but they are the lower grades (F-G)which I'm trying to move away from.

Higher returns are easily achievable, 6% XIRR is a bad month for me (only happened when I deposited more money after my intial deposit) unlike what almst791 is expecting, so even 10% is achievable for most people with proper filtering.

Another aspect to realize which is relation to my one bad month is that if notes are bought on Folio with large deposits compared to account value that returns will temporarily be stunted due to accrued interest and premiums being removed unlike buying fresh notes. https://forum.lendacademy.com/index.php?topic=4135.msg38139#msg88888888Quote"> from: fliphusker on October 19, 2016, 06:06:49 PM

I wouldn't be too worried about looking at that chart because you can see that currently the curve is on the bottom end where the slope is not as steep as the big spikes where it shows a recession has occured.
https://forum.lendacademy.com/index.php?topic=4123.msg38022#msg88888888Quote"> from: Fred93 on October 15, 2016, 08:47:47 PM

Since I temporarily work at a loan company at a branch, I can say that the process is pretty easy for loans w/ collateral with only a few extra steps added. Basically pictures are taken of the car for proof of milage and condition and obtaining the title to transfer title of the vehicle. All underwriting is done at headquarters so cost is centralized. Filing this paperwork should not add any significant cost to the application process.https://forum.lendacademy.com/index.php?topic=4021.msg36912#msg88888888Quote"> from: rawraw on July 29, 2016, 06:24:33 AM

No he is describing his Prosper diversification. Lending Club doesn't have a AA grade.

https://forum.lendacademy.com/index.php?topic=3941.msg36120#msg88888888Quote"> from: Larry321 on June 16, 2016, 02:36:01 PM

I don't know but I'll have whatever they are drinking.


https://forum.lendacademy.com/index.php?topic=3905.msg35905#msg88888888Quote"> from: Fred93 on June 11, 2016, 12:23:21 AM

That's rather disheartening to read, even if they only intend to hold the loans for 30 days.

It appears the site is back online for the moment. I got through to the home page without the error message and able to access my account.

It appears the site is back online at least for the moment. I got to the front page without the error message.

To be fair it is probably a better move to take the company private than keep it as a public company. The IPO was essentially a cash grab and now it would make strategic sense if Lending Club remained private for a while until they can maintain a higher level of loan buying  from institutional investors and significantly increase the pool of retail investors.

This is my view also, that people need to think of LC in comparison to junk bonds/bond funds which are the most similar in terms of structure and level of risk.  Everything else is apples to oranges.


https://forum.lendacademy.com/index.php?topic=3894.msg35659#msg88888888Quote"> from: AnilG on June 06, 2016, 01:44:22 PM

Surprisingly, but not statistically significant yet after starting my account 2 1/3 months ago w/ 53 notes and a E 9%, F 30%, G 60% distribution w/ seasoned notes from Folio I have only had one note go into grace period, which went back to current after two weeks. This should not even be possible if roughly 18% of F-G notes are charged off.

I'm continuing as usual with my all Folio portfolio. My portfolio isn't big enough to take advantage of this selling influx.

When I've gone over this to me it leads in the direction that noteholders will not be. While not 100% for certain I am confident that a bankruptcy judge would separate the assets/liabilities of the noteholders and people issued loans with the assets/liabilities for the operations of Lending Club. Just imagine what would happen in this case if a judge lumped all assets/liabilities together. A class-action lawsuit would surely come about on our behalf to make sure all existing loans are paid out to noteholders with the fees paid to the creditors.