[Randawl]

http://kb.lendingclub.com/siteupdates/articles/Site_Updates/Recent-and-Upcoming-Changes-on-the-Lending-Club-Platform-August-2014


Some highlights:

Estimated charge-off rates were slightly lowered, except for B which increased.


Not too thrilled about the changes to collection fees:
Quote

[AnilG]

I miss DanB. I can just imagine his reaction to these changes. He is typically on the money.

[TravelingPennies]

from: AnilG on August 20, 2014, 07:21:18 PM

[bobeubanks]

Whatever happened to Core?

[TravelingPennies]

core had core-dump. /geek humor

from: bobeubanks on August 20, 2014, 08:32:07 PM

[Fred]

from: Randawl on August 20, 2014, 06:59:11 PM

[TravelingPennies]

from: Fred on August 20, 2014, 09:24:45 PM

[turing]

Quote

[rawraw]

The DTI expansion makes me a little nervous

[Thatguybil]

from: rawraw on August 21, 2014, 03:00:05 PM

[hoggy1]

It doesn't cover rent either. Just heard an NPR story saying that 36% (I think?) of renters were paying over 1/3 of their income on rent and in some parts of Florida the average renter paid over 50% of income for housing. The increase will allow more crummy loans to post. I filter out loans where DTI + PTI > 35% (Payment To Income ie DTI including this loan <35%) but I might have to loosen this soon to put more money to work.

[DanB]

from: AnilG on August 20, 2014, 07:21:18 PM

[TravelingPennies]

from: DanB on August 22, 2014, 08:30:45 AM

[lascott]

from: rawraw on August 22, 2014, 08:58:57 AM

[TravelingPennies]

from: lascott on August 22, 2014, 09:47:23 AM