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Folio API stopped working since yesterday

Started by Peter, March 28, 2020, 11:00:00 PM

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Ran

Anyone seeing this issue since 3/28? Getting "The remote server returned an error: (403) Forbidden." error when trying to get the list from https://api.lendingclub.com/api/investor/v1/secondarymarket/listings?updatedSince=60" class="bbc_link" target="_blank">https://api.lendingclub.com/api/investor/v1/secondarymarket/listings?updatedSince=60

Fred93

Me too.  Glad to know I'm not the only one.


TravelingPennies

Has anyone contacted LendingClub or Folio? I know it's a weekend. Maybe they'll just reboot on Monday morning.

Roux

Same here. Liquid has not bought any Folio notes since noon on the 28th.

TravelingPennies

They haven't fixed it yet.  Huh.  Must be real high priority.

jheizer

https://forum.lendacademy.com/Smileys/default/sad.gif" alt=":(" title="Sad" class="smiley" /> annoying.  Glad I saw this or I still would have been dropping prices not know the API is down so why there are no buyers.

Rob L

Regarding LC I've become a well known perma-cynic. They have never been transparent on these things.

LC Folio could go the Prosper way for all we know.
Why is it thought the API is down by fault rather than intent and why think it will be restored? They have so much bigger fish to fry.

They just bought a bank before banks crashed. My uninformed speculation is they must have vastly overpaid as compared to today's valuations.
Can they get out of the deal or renegotiate? Their idea was good but massively overtaken by events (extremely unfortunate and not of their making).

My theory is not backed up with any financial / balance sheet analysis at all and may be totally off base.
Anybody who has a better ground truth, or at least an opinion with some numerical analysis, please set me straight.

TravelingPennies

Liquid started buying again on Folio again at approximately 6:30 Sunday evening.


TravelingPennies

I take is that as long as 1% fee can fairly compensate Folio without sizable subsidize from LC, LC will leave Folio the way it is. But zero improvements/enhancements
https://forum.lendacademy.com/index.php?topic=21637.msg61746#msg88888888Quote"> from: Rob L on March 31, 2020, 10:26:48 AM



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