Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: ThinleyWangchuk on July 22, 2016, 09:01:25 AM

Title: Where did all the loans go?
Post by: ThinleyWangchuk on July 22, 2016, 09:01:25 AM
# of new loans of platform has decreased materially in the last few days.  Any idea why?
Title: Re: Where did all the loans go?
Post by: thomcg on July 22, 2016, 01:34:24 PM
This seems to occur periodically. Give it a few more days.
Title: Where did all the loans go?
Post by: BruiserB on July 23, 2016, 10:25:20 PM
It always decreases when I add money to my account. :-/


Sent from my iPhone using Tapatalk
Title: Re: Where did all the loans go?
Post by: dr.everett on July 25, 2016, 02:25:03 PM
Seems little/no panic selling on Folio either. Starting to see money pile up and when I check Folio manually there's nothing good there.

Guess that means things are getting back to normal?
Title: Re: Where did all the loans go?
Post by: fliphusker on July 26, 2016, 02:47:22 AM
Seems little/no panic selling on Folio either. Starting to see money pile up and when I check Folio manually there's nothing good there.

Guess that means things are getting back to normal?
I would hold off another 2 weeks with FOLIO.  When LC drops their Q2 earnings, think it is going to send people to FOLIO again.  That is what I am actually banking upon. 
Title: Re: Where did all the loans go?
Post by: Edward Reid on July 26, 2016, 09:36:03 AM
Very strange. As of this moment (9:31 EDT, 6:31 PDT) there are 751 loans available. That's a lot. All are class A, B, and F. Not a single C, D, or E. Obviously LC is intentionally skewing the class distribution, not the total supply. I have no idea why.

Edward
Title: Re: Where did all the loans go?
Post by: nmay2k on July 26, 2016, 10:31:45 AM
it's been slow. I haven't had a loan meet my criteria since the 19th. For fractional loans, there are currently 747
A: 352
B: 337
F: 58

top 3 sub grades
A5: 100
B4: 95
A1: 79

I don't remember A1's being so popular before...I guess folks who don't need loans are getting loans?
This appears to be the usual slowness at the end of the month and then things magically pick-up at the start of the month. They are probably holding loans back for the start of the month when new money comes around. 
Title: Re: Where did all the loans go?
Post by: Edward Reid on July 27, 2016, 09:27:56 PM
There are a few CDE loans tonight. Still mostly AB.

Edward
Title: Re: Where did all the loans go?
Post by: Hrant on August 07, 2016, 04:10:53 PM
Ok, just checked, now on all of the platform, there are only 37, yes, 37 loans!!!
Why?
Would be nice of LC to inform and be transparent for their future...
Especially to their investors, who have stuck w/them, especially, the retail investors, like us:)
Awaiting thoughts. Thank you.
Title: Re: Where did all the loans go?
Post by: AnilG on August 07, 2016, 05:37:13 PM
LC is not releasing new loans to retail platform on weekends for now couple of weeks.

Ok, just checked, now on all of the platform, there are only 37, yes, 37 loans!!!
Why?
Would be nice of LC to inform and be transparent for their future...
Especially to their investors, who have stuck w/them, especially, the retail investors, like us:)
Awaiting thoughts. Thank you.
Title: Re: Where did all the loans go?
Post by: akishore on August 08, 2016, 11:46:58 AM
Hi, new to this forum.  I'm only seeing 22 Loans today on Lending Club!  Is this right or do I have too many filters on?

Anita
Title: Re: Where did all the loans go?
Post by: Lovinglifestyle on August 08, 2016, 12:06:50 PM
Welcome!  22 is right, since before 5 P.M. last night.  Not a problem caused by your filters--just hang on, there'll be more by a day or two from now.
Title: Re: Where did all the loans go?
Post by: akishore on August 08, 2016, 12:23:05 PM
Thanks!  Will keep looking...
Title: Re: Where did all the loans go?
Post by: Fred93 on August 08, 2016, 12:37:26 PM
LC posts loans 4 times per day.  I think there must be a new fellow in charge of this for the last few months, as they don't take as much care to maintain inventory levels in the fractional market as they used to.  In any case, the pattern now is that most postings are small, and the weekday afternoon postings are the big ones.  It is as if the guy has it set on automatic, ie just post a tiny number, and then he steps in once per weekday, and opens the gate.

It would be better for fractional investors if they paid attention to the inventory level.  You'd like to know that whenever you login, there's a fair chance that you can do some business.  I'll send in this suggestion.

This chart shows the number of loans posted at each feeding time.  I've shown the total number of loans posted, including both whole and fractional.  The line is a 7 day moving average of the dots, so you can see the trend.

(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Ffred93.com%2Ffbi%2FLC-loans-posted-2016-08-08.png&hash=724b5041d0f5a2835cddc79d31f8c169)
Title: Re: Where did all the loans go?
Post by: akishore on August 08, 2016, 12:43:19 PM
How can I learn about fractional vs whole investing in LC, Prosper, etc?  Do I have that as an option as a retail investor? Or is that only for Institutional clients?
Title: Re: Where did all the loans go?
Post by: Fred93 on August 08, 2016, 01:01:51 PM
How can I learn about fractional vs whole investing in LC, Prosper, etc?  Do I have that as an option as a retail investor? Or is that only for Institutional clients?

I think you have to call and ask.  I think it's more of a size & experience thing rather than institutional vs individual. 

PS: At the 10am feeding (just now), they added 26 fractional + 209 whole loans.  Get 'em while they're hot.
Title: Re: Where did all the loans go?
Post by: ThinleyWangchuk on August 09, 2016, 02:50:28 PM
LC posts loans 4 times per day.  I think there must be a new fellow in charge of this for the last few months, as they don't take as much care to maintain inventory levels in the fractional market as they used to.  In any case, the pattern now is that most postings are small, and the weekday afternoon postings are the big ones.  It is as if the guy has it set on automatic, ie just post a tiny number, and then he steps in once per weekday, and opens the gate.

It would be better for fractional investors if they paid attention to the inventory level.  You'd like to know that whenever you login, there's a fair chance that you can do some business.  I'll send in this suggestion.

This chart shows the number of loans posted at each feeding time.  I've shown the total number of loans posted, including both whole and fractional.  The line is a 7 day moving average of the dots, so you can see the trend.

(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Ffred93.com%2Ffbi%2FLC-loans-posted-2016-08-08.png&hash=724b5041d0f5a2835cddc79d31f8c169)

Do you have a chart showing the # and/or % of notes that are whole v fractional?
Title: Re: Where did all the loans go?
Post by: Fred93 on August 09, 2016, 03:12:15 PM
Do you have a chart showing the # and/or % of notes that are whole v fractional?

No.  I think there's one on the peercube web site now.  I don't know how to find it.  Someone posted a link here awhile back.

Well, I found on chart on peercube ... https://www.peercube.com/histperf/available_loans/lc

The middle chart on that page shows the # of loans entering the fractional market vs time.  You can click a button and change the time scale.  Not exactly what you asked for, but close.

There used to be a nice chart showing both relative # and % whole vs fractional on the NSR web site, but I think its gone now.
Title: Re: Where did all the loans go?
Post by: PugGrumble on August 15, 2016, 05:22:15 PM
One evening I went to invest and I couldn't find any A or B loans.
I think it varies.
:D
Title: Re: Where did all the loans go?
Post by: ThinleyWangchuk on August 19, 2016, 05:03:13 PM
How can I learn about fractional vs whole investing in LC, Prosper, etc?  Do I have that as an option as a retail investor? Or is that only for Institutional clients?

I think you have to call and ask.  I think it's more of a size & experience thing rather than institutional vs individual. 

PS: At the 10am feeding (just now), they added 26 fractional + 209 whole loans.  Get 'em while they're hot.

~11% are fractional loans.  It feels like LC is shafting us, the individual investors.
Title: Re: Where did all the loans go?
Post by: dr.everett on August 29, 2016, 07:38:10 PM
Seems to me like we're back to the where are the loans again. Yes it's end of month and all, but wow. Nothing good in Folio. Nothing good that's new. I've seen rules purchase in my plans that normally don't get used because everything else triggers before. Even still- not enough to buy.

And it seems like all the panic sellers are gone too.

I list notes for sale at a significant markup and they are starting to sell again too. Crazy times, it seems. Looking at $2-3k waiting to be invested, and no where good to invest it.

Others seeing similar or has my criteria become too tight?
Title: Re: Where did all the loans go?
Post by: rj2 on August 30, 2016, 02:59:14 AM
How can I learn about fractional vs whole investing in LC, Prosper, etc?  Do I have that as an option as a retail investor? Or is that only for Institutional clients?

I think you have to call and ask.  I think it's more of a size & experience thing rather than institutional vs individual. 

PS: At the 10am feeding (just now), they added 26 fractional + 209 whole loans.  Get 'em while they're hot.

~11% are fractional loans.  It feels like LC is shafting us, the individual investors.

At this rate LC will eventually decide to exit the fractional loan business and focus on institutional. Then it will get bought by some bank as folded into conventional lending.

Mark my words. Check back on this post in three years.
Title: Re: Where did all the loans go?
Post by: Rob L on August 30, 2016, 06:32:15 PM
I've taken about 40% of my chips off the LC table and this afternoon I've turned on my auto-invest program again. I didn't let it actually buy anything, but I wanted to see what "it would have bought" if I chose. Two (yeah, count them) notes in the 2pm PDT drop. I'll let the program run this way for a while so I can figure out if LC is showing us the door so to speak, or if they are still committed to keeping little guy in the game. I should have been running in this mode since 5/9 and would have a better understanding of loan availability. Unfortunately I did not. Bad on me.

Title: Re: Where did all the loans go?
Post by: dms on September 01, 2016, 06:29:54 PM
Welcome!  22 is right, since before 5 P.M. last night.  Not a problem caused by your filters--just hang on, there'll be more by a day or two from now.

Can it be a lending club when there's nobody to lend to? I'm not filtering... :(

There are currently no Notes matching your criteria. Please consider adjusting your filter settings or returning to the site later. New Notes are listed seven days a week at 6 AM, 10 AM, 2 PM, and 6 PM PT.
Title: Re: Where did all the loans go?
Post by: lascott on September 01, 2016, 08:43:02 PM
Welcome!  22 is right, since before 5 P.M. last night.  Not a problem caused by your filters--just hang on, there'll be more by a day or two from now.

Can it be a lending club when there's nobody to lend to? I'm not filtering... :(

There are currently no Notes matching your criteria. Please consider adjusting your filter settings or returning to the site later. New Notes are listed seven days a week at 6 AM, 10 AM, 2 PM, and 6 PM PT.

Some apparently:
(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FRs7rHCW.png&hash=47a074c089b25357d0a4e5fb86858ae9)
Title: Re: Where did all the loans go?
Post by: fliphusker on September 02, 2016, 01:50:20 AM
Seems to me like we're back to the where are the loans again. Yes it's end of month and all, but wow. Nothing good in Folio. Nothing good that's new. I've seen rules purchase in my plans that normally don't get used because everything else triggers before. Even still- not enough to buy.

And it seems like all the panic sellers are gone too.

I list notes for sale at a significant markup and they are starting to sell again too. Crazy times, it seems. Looking at $2-3k waiting to be invested, and nowhere good to invest it.

Others seeing similar or has my criteria become too tight?
I just snapped up a few notes on FOLIO tonight with over 4% discount that fit right into my strat.  Not having much of an issue with FOLIO and not finding notes that have never been late at discounts. 
Would you mind me asking when you say "significant markup", what that would entail?
Title: Re: Where did all the loans go?
Post by: kiltym on September 02, 2016, 07:55:48 AM
There are literally no loans at all being listed on LC.  When I click browse loans, it shows 0 of 0 loans.

Never seen this before.

Edit:  After 6am drop, there are now 27.  I guess there are really 0 loans.  Seems a bit odd to me.
Title: Re: Where did all the loans go?
Post by: SeanMCA on September 02, 2016, 10:44:16 AM
I am seeing zero right now
Title: Re: Where did all the loans go?
Post by: ThinleyWangchuk on September 02, 2016, 12:07:28 PM
Seems to me like we're back to the where are the loans again. Yes it's end of month and all, but wow. Nothing good in Folio. Nothing good that's new. I've seen rules purchase in my plans that normally don't get used because everything else triggers before. Even still- not enough to buy.

And it seems like all the panic sellers are gone too.

I list notes for sale at a significant markup and they are starting to sell again too. Crazy times, it seems. Looking at $2-3k waiting to be invested, and nowhere good to invest it.


Others seeing similar or has my criteria become too tight?
I just snapped up a few notes on FOLIO tonight with over 4% discount that fit right into my strat.  Not having much of an issue with FOLIO and not finding notes that have never been late at discounts. 
Would you mind me asking when you say "significant markup", what that would entail?

Do you mind sharing which tools/sites you use to screen for notes? 
Title: Re: Where did all the loans go?
Post by: fliphusker on September 02, 2016, 12:56:33 PM
I have multiple filters on NSR for digging around FOLIO.  I am not sure if it is still in BETA, as I am/was a tester.  As a small investor, no fees are involved, so it is right up my alley.  I expect NSR to keep progressing and more useful items to be added in the near future. 
Anil gave me access for a month to poke around on PeerCube and its interface is fantastic.  Lots of bells and whistles on their FOLIO buying and selling.  Give him a lot of props for PC.
Both have automated features for buying, but until they build something that shows recent FICO drops, I just can not get into it.  FICO score might still be "UP" but in all reality, the note might be plunging like a stone. 
Seems to me like we're back to the where are the loans again. Yes it's end of month and all, but wow. Nothing good in Folio. Nothing good that's new. I've seen rules purchase in my plans that normally don't get used because everything else triggers before. Even still- not enough to buy.

And it seems like all the panic sellers are gone too.

I list notes for sale at a significant markup and they are starting to sell again too. Crazy times, it seems. Looking at $2-3k waiting to be invested, and nowhere good to invest it.


Others seeing similar or has my criteria become too tight?
I just snapped up a few notes on FOLIO tonight with over 4% discount that fit right into my strat.  Not having much of an issue with FOLIO and not finding notes that have never been late at discounts. 
Would you mind me asking when you say "significant markup", what that would entail?

Do you mind sharing which tools/sites you use to screen for notes?
Title: Re: Where did all the loans go?
Post by: dr.everett on September 02, 2016, 01:02:51 PM
To answer both questions asked: 9% and using Lending Robot.

After I wrote my previous reply, I manually searched for notes and found a lot of what I look for. Not sure why LR didn't. I purchased them, but even then, there isn't a lot of what I look for available at the moment.

Until I see LR picking up what I want again on its own, I'm going to continue to manually check and purchase. I'm back to $1K waiting to be invested and after last nights check there may truly be no notes of interest left.
Title: Re: Where did all the loans go?
Post by: jheizer on September 02, 2016, 01:04:42 PM
There you go.  They heard you were unhappy and opened the flood gates.
Title: Re: Where did all the loans go?
Post by: dbailey75 on September 02, 2016, 01:06:26 PM
I am seeing zero right now

showing 642 under browse loans, I'm assuming this was from the 1pm EST drop.  I check around 12:50, and it was 0.
Title: Re: Where did all the loans go?
Post by: SeanMCA on September 02, 2016, 01:19:04 PM
yes after 1pm, I am seeing the 600+ that you are as well.  They were definitely all sold out prior to that.
Title: Re: Where did all the loans go?
Post by: fliphusker on September 02, 2016, 02:19:49 PM
To answer both questions asked: 9% and using Lending Robot.

After I wrote my previous reply, I manually searched for notes and found a lot of what I look for. Not sure why LR didn't. I purchased them, but even then, there isn't a lot of what I look for available at the moment.

Until I see LR picking up what I want again on its own, I'm going to continue to manually check and purchase. I'm back to $1K waiting to be invested and after last nights check there may truly be no notes of interest left.
9% markup?  Surely that has to be a faulty filter that is buying notes with that huge of a markup. 
Title: Re: Where did all the loans go?
Post by: ThinleyWangchuk on September 02, 2016, 08:20:30 PM
@fliphusker Thank You!
Title: Re: Where did all the loans go?
Post by: dr.everett on September 02, 2016, 11:37:01 PM
That's what I'm selling at: 9%, not buying at. I buy mostly at around 0% and less, the highest I go is 3%. Usually not a good reason to ever go higher, IMHO.
Not sure why some are buying at 9%, but who am I to turn down free money. ;)

To answer both questions asked: 9% and using Lending Robot.

After I wrote my previous reply, I manually searched for notes and found a lot of what I look for. Not sure why LR didn't. I purchased them, but even then, there isn't a lot of what I look for available at the moment.

Until I see LR picking up what I want again on its own, I'm going to continue to manually check and purchase. I'm back to $1K waiting to be invested and after last nights check there may truly be no notes of interest left.
9% markup?  Surely that has to be a faulty filter that is buying notes with that huge of a markup.