I've also been having more trouble finding notes that I like, though there seems to be plenty of notes listed overall. I usally use my filters and then hand select for the loan amount being close to the indebted amount (this shows a better ROI with my filters, Ron I'm not necessarily saying that they will use the money to pay off the debt, only that there's a good correlation between this ratio being close to 1, and a loan having a good ROI). I also like to make sure that the loan payment isn't more than 10% of their monthly income, but I have some flexibility on this if their DTI is lower, or if they have an absurdly high income for their geographic region. And then I factor in what their delinquency history is like. I used to be able to get more notes a day than I could invest in, now I find myself having to choose which notes I dislike the least which is making me a bit nervous.
Did LC change how they were setting their interest rates recently? Or did they change who they were recruiting to be borrowers? or the good loans just getting picked up faster when they are released to the marketplace?
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