No 10:00 release?

[hoggy1]

It's 10:18 and I don't see any notes released this feeding time?

[lascott]

I bought notes.

[hoggy1]

I see new loans on the web site but not in the csv

[lascott]

I see new loans on the web site but not in the csv

The processes I use are using the REST API.

[hoggy1]

Yea, now you can't even downloadd the csv. You get an Apache error "Resource access unauthorized". Sounds like they know there is a problem.

[kbenson99]

I detected 205 new loans at 1:00:09 pm (EDT) using the REST API.  Looks like LC is having issues with the CSV file.  I currently get an "HTTP Status 401 - Resource access unauthorized." when trying to access the file.  Something new introduced that wasn't thoroughly test   ?

[kbenson99]

The CSV link has now been fixed, but there are no loans listed for the 10:00 AM (PDT) drop.  Surprise Surprise  !

[Fred]

Looks like the browsenotes csv file now requires a signature and an expiration parameters.

https://resources.lendingclub.com/secure/primaryMarketNotes/browseNotes_1-RETAIL.csv?signature=xxxxxxxxx&expires=11111111111

[lascott]

Some real feeding going on...

Bluevestment graphic:

[Fred93]

Nothing unusual in the big flat valley you outlined.  That simply shows that they don't post loans at night.  6PM pacific time is last feeding.  On that chart, the 6PM feeding is shown at 2100 eastern time.

Perhaps your comment was about the big decline from 2100 to 0000 ?  Looks like over 300 loans finished during that time.  The average loan sitting in inventory is about half funded, so that may have been about $2.5 Million. 

[lascott]

Perhaps your comment was about the big decline from 2100 to 0000 ?  Looks like over 300 loans finished during that time.  The average loan sitting in inventory is about half funded, so that may have been about $2.5 Million.

Sorry. Yes, that is what I was referring to. It has been an interesting few weeks (500 to 1200 range). I've seen days where *most* D/E were sucked up quickly within an hour of the feed (yellow and red lines visually very thin). Now you see quite a few remaining on different days.  Yesterday was crazy and I think I bought the most notes ever in 24 hrs (BV+P2P picks and LR).

[lascott]

Perhaps your comment was about the big decline from 2100 to 0000 ?  Looks like over 300 loans finished during that time.  The average loan sitting in inventory is about half funded, so that may have been about $2.5 Million.

Sorry. Yes, that is what I was referring to. It has been an interesting few weeks (500 to 1200 range). I've seen days where *most* D/E were sucked up quickly within an hour of the feed (yellow and red lines visually very thin). Now you see quite a few remaining on different days.  Yesterday was crazy and I think I bought the most notes ever in 24 hrs (BV+P2P picks and LR).

Case in point again last night. Look at the orange/Es. And overall down to just over 800 vs yesterday of just below 1000.

[Fred]

Case in point again last night. Look at the orange/Es. And overall down to just over 800 vs yesterday of just below 1000.

Looks like the investors's programs that handle LC CSV files have been fixed overnight.

When money is involved, things get fixed quickly.

[Fred93]

Case in point again last night. Look at the orange/Es. And overall down to just over 800 vs yesterday of just below 1000.

LC posts loans and people buy them.  This surprises you?

[lascott]

Case in point again last night. Look at the orange/Es. And overall down to just over 800 vs yesterday of just below 1000.

LC posts loans and people buy them.  This surprises you?

That's silly.  I am interested in the patterns of notes (fractional loans) being purchased by *"retail"* investors (defn of "retail" being vague to me).  And how that affects availability and quality individual "retail" investors.  ie. sucking up all the E's during the night is not something I'd expect typical individuals to do with normal discretionary money they have available.  Hope that helps explain.

Related to this idea of "retail" investor is the supplement agreement that started after I opened my account in Mar'13.  Family members who started after I did were given it when they signed up. It includes "limitations on Amount of Notes Purchased".

SUPPLEMENT TO INVESTOR AGREEMENT

This Supplement to Investor Agreement (“Supplement”) is a supplement to the Investor

Agreement that was signed and acknowledged as of ___________, 201__ (the “Investor Agreement”) and constitutes a binding agreement between you and LendingClub Corporation, a Delaware corporation (“LendingClub”, “we” or “us”). Capitalized terms used in this Supplement and not otherwise defined herein shall have the meanings given them in the Investor Agreement.

In consideration of the covenants, agreements, representations and warranties herein set forth,
in addition to all other terms and conditions of the Investor Agreement, and for other good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:

1. Limitation on Amount of Notes Purchased. In an effort to ensure that as many investors as possible have the opportunity to purchase Notes through the site, we may, in our sole and  absolute discretion, impose a limit on the aggregate amount of Notes that you may purchase in a given time period (a “Purchase Limitation”). If we impose such a limit, we will provide you ten days’ prior notice, informing you of the total aggregate dollar limit of Notes that you may purchase during the period. However, we will allow you to fully invest all funds that were in your Account as of the date you were notified of the implementation of the Purchase Limitation. The Purchase Limitation will go into effect on the eleventh day following the notice, and will apply going forward until we provide you notice that the Purchase Limitation has been modified or lifted. From and after the date that you are notified that a Purchase Limitation has been imposed until the date such Purchase Limitation is modified or lifted, you will not be permitted to add funds to your account sufficient to make purchases in excess of the Purchase Limitation without our prior approval, which approval may be withheld in our sole and

2. Continuing Effect. Except as otherwise set forth in this Supplement, all terms of the Investor Agreement shall continue in full force and effect.