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General P2P Lending Discussion / Re: Payday loan
« Last post by Rohlfs06 on Today at 04:23:34 AM »
If you start saving little amount then you wonít need any loan and you would be able to save a lot of money that you pay in form of loan interest. Thatís the reason I have got my annual saving plan from the wealth management group Las Vegas and I strictly follow it.
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Investors - LC / Re: Two Questions
« Last post by Data Junkie on July 28, 2017, 11:04:00 PM »
LC has never defined those fields.  They are not even listed in the data dictionary.  Therefore, there is no official answer.

I suggest you beat up LC and demand they add all undefined fields to the data dictionary.

FYI I did find definitions for what appear to be analogous quantities in the API info (attached), so I've kind of been assuming these definitions, in which case I thought mtg_payment would be PI and housing_payment was more likely to be PITI.
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Investors - LC / Re: Two Questions
« Last post by Data Junkie on July 28, 2017, 10:40:26 PM »
You should change your username if you can't answer this question on your own. "Data Junkie" doesn't suites you. A simple query on historical loan data files would have given you the answer.

There is no rule that borrowers can't borrow less than $12,000 with 60 month loans. Since 60 month loans were introduced, below is the count of 60 month loans issued with loan amount less than $12,000

2010 - 1,701
2011 - 2,091
2012 - 1,020
2013 - 3,108
2014 - 8,837
2015 - 14,228
2016 - 10,867
2017 - 2,450

First thing I'm wondering is when was or is the rule that 60-month loans are only for loans of $12k or more in effect?

You are correct, I should've figured that out using NSR.  I shouldn't have posted my question so quickly without thinking it through.
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Investors - LC / Re: Two Questions
« Last post by AnilG on July 28, 2017, 04:54:12 PM »
You should change your username if you can't answer this question on your own. "Data Junkie" doesn't suites you. A simple query on historical loan data files would have given you the answer.

There is no rule that borrowers can't borrow less than $12,000 with 60 month loans. Since 60 month loans were introduced, below is the count of 60 month loans issued with loan amount less than $12,000

2010 - 1,701
2011 - 2,091
2012 - 1,020
2013 - 3,108
2014 - 8,837
2015 - 14,228
2016 - 10,867
2017 - 2,450

First thing I'm wondering is when was or is the rule that 60-month loans are only for loans of $12k or more in effect?
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Investors - LC / Re: Two Questions
« Last post by Fred93 on July 28, 2017, 02:00:34 PM »
LC has never defined those fields.  They are not even listed in the data dictionary.  Therefore, there is no official answer.

I suggest you beat up LC and demand they add all undefined fields to the data dictionary.
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Investors - LC / Re: Two Questions
« Last post by arcee49 on July 28, 2017, 01:11:57 PM »
Not sure on the first question...

As to the second question, my assumption would be that the number that is reported by credit agencies could easily be higher if the taxes, insurance, PMI, etc. are being escrowed.  Principal and Interest would be the only thing I'd include if someone asked me my housing payment.
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Investors - LC / Two Questions
« Last post by Data Junkie on July 28, 2017, 11:26:09 AM »
First thing I'm wondering is when was or is the rule that 60-month loans are only for loans of $12k or more in effect?

The next thing is when a borrower has a mortgage and their "housing payment" (which I assume to be self-reported) is significantly less than their "mortgage payment" (which I assume comes from a credit report), what are the possible explanations for that?  I'm talking situations like a $1600 mortgage payment and $1100 housing payment, or $1700 mortgage payment and $850 housing payment.
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Foliofn - LC / Re: Folio buying automation execution speed
« Last post by wcwei5800 on July 27, 2017, 09:41:40 PM »
I think the best notes are all picked up by those automatically trading websites. If we gonna download the entire dataset, I don't think we will have a shot against those websites. I am trying to work on a code so I can filter the data first before downloading. I think that is the only way we might have a shot to get those big discount notes.
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Foliofn - LC / Re: Secondary Market Inventory LOW
« Last post by dr.everett on July 27, 2017, 09:30:33 PM »
Able to weed out loans automatically with changed payment dates- no
Able to weed out loans automatically that go into grace, but never hit late status- no

When I was purchasing notes through LR- you could tell it to purchase only up or flat fico. That's what I used to do, and for the most part it worked OK. It still comes down to how much time do you want to spend doing things manually- the questions you asked above are why there are still so many people doing things manually. No system can check for these things.

No one has built the best "mousetrap" yet. Like you, if I saw/found it, I'd pay willingly for it. Now that I'm on the way out, not so much.

Side note- anyone get really messed up sale alerts from Folio tonight where the note amounts/totals were way off? Just about had a heart attack when it told me I'd sold a note worth 1100.00 for 25.00. Checked and it was not right. So far there have been about 30 of them.
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Foliofn - LC / Re: Folio buying automation execution speed
« Last post by Fred93 on July 27, 2017, 03:17:00 PM »
After dealing with this issue myself, I can say that I don't know the answer, and wonder if you (and I) are even asking the right question.

I average about half NOTE_NOT_AVAILABLE result on my secondary orders.  I recently sent a query to LC asking if my interpretation of that status is correct.  I've been presuming that it means someone bought the note before I could.  However I now question whether that is correct, so I wanted to ask them whether perhaps there is something else going on.  I've tried varying my polling interval, and find that makes no difference when averaged over a few days.  It seems logical that a shorter polling interval would increase the fraction of the time that I get in there ahead of the competition, but it seems to not work that way in practice.

For me 99% of the delay between query and order is the download time.  Download time is determined mainly by the latency of the internet path between me and LC.  This is true because of the TCP slow-start mechanism.  All transfers begin slow and ramp up. 

Faster polling doesn't seem to improve my results, so perhaps the issue is something different.
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