Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: Erin K on June 08, 2012, 02:35:12 PM

Title: CSV file of available notes
Post by: Erin K on June 08, 2012, 02:35:12 PM
Hello, I find your idea of downloading the CSV file of available notes very smart and plan to filter my notes this way. I was hoping you could help explain to me one of their column titles not listed on http://blog.lendingclub.com/2012/03/14/expanded-credit-att/.

exp_default_rate  I assume this means expected default rate, but what does it *mean*. Where do the number come from and how can I use it in my filtering process?

Thanks!
Title: Re: CSV file of available notes
Post by: Fred93 on April 27, 2015, 11:32:29 PM
Expected default rate.  Means VERY LITTLE.

It is just the historical rate at which loans of this credit grade have defaulted in the past.