From my perspective there are too few borrowers and too many lenders. At the lower grades that I favor (D-G grade with high income, among other restrictions) the loans that meet all of my requirements get bought up almost immediately, certainly before they get to 24 hours old. I saw one with 13d 22h remaining, it had 3 investors and was 93% funded. Not to mention they never last long enough to get preapproved or to have income verified anymore. Anyone else feel like they have to check 3 times a day to beat other investors now?
I realize that most loans have historically been graded A-D and the high risk stuff is comparatively rare on the overall platform, and I only started in August 2012, but prior to November I didn't have this problem.