Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: lascott on June 30, 2017, 09:12:09 AM

Title: LC stop or limit fractional notes the last few days
Post by: lascott on June 30, 2017, 09:12:09 AM
What in the world is going on in the fractional market? I'm I living in an alternate universe or have all the notes (and especially A, B, C) dried up?
I've been doing modest buying in my taxable account for a few months and see them daily but just a couple days ago I just turned back on buying for my IRA. Yikes.

Look at PeerCube Lending Club Loan Tracker twitter: https://twitter.com/PeerCube  -- 28th was last day the automated tweet showed up
(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2F58dSd6B.jpg&hash=2a2da71997f0e74603c2edc1817e5fcf)

Or latest in LendingRobot showing none this morning: https://www.lendingrobot.com/#/resources/latest/LC/
(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FavaosPb.jpg&hash=9cb54f315252cbf2b62ec8544eed57b0)

Or BlueVestment graph for the bumps at drop times:
(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FtA0RwBG.jpg&hash=da7b8fb4e13e694ce294ebba2d30e680)

I'll also call when they open on PT time:
Call Toll free: (888) 596-3159
7:00am – 5:00pm PT, Mon–Fri

[update]
I called but they really didn't know anything about the flow of fractional vs whole and could only look to see what is currently sitting out there.
They at least could see my accounts and understand my building cash concern.
[/update]
Title: Re: LC stop or limit fractional notes the last few days
Post by: P2P Dev on June 30, 2017, 12:20:21 PM
I work for a startup that buys fractional loans on the LC market so I check this data regularly. My algorithm only bought one loan yesterday and today I'm seeing nothing at all.
Title: Re: LC stop or limit fractional notes the last few days
Post by: AnilG on June 30, 2017, 03:06:55 PM
Some PeerCube users also mentioned that loans are taking longer to fully fund. I haven't looked at the data in detail yet (may do over the weekend). It most probably just summer slowdown and/or end of quarter. LC might have hit their origination goals this quarter.

From https://www.peercube.com/histperf/available_loans/lc, only this week the new loan listing has been really low.

Title: Re: LC stop or limit fractional notes the last few days
Post by: lascott on June 30, 2017, 04:27:00 PM
Some PeerCube users also mentioned that loans are taking longer to fully fund. I haven't looked at the data in detail yet (may do over the weekend). It most probably just summer slowdown and/or end of quarter. LC might have hit their origination goals this quarter.

From https://www.peercube.com/histperf/available_loans/lc, only this week the new loan listing has been really low.
Thank you for the response. The end of quarter makes some sense so I will watch for next weeks activity.
Title: Re: LC stop or limit fractional notes the last few days
Post by: Paulie2083 on July 04, 2017, 12:09:24 AM
i noticed the loans drying up too. these are the # i purchased since the beginning of year. my criteria filter hasn't changed.
Jan-82
Feb-67
March-88
April-62
May-43
June-40
Title: Re: LC stop or limit fractional notes the last few days
Post by: lascott on July 04, 2017, 11:45:43 AM
i noticed the loans drying up too. these are the # i purchased since the beginning of year. my criteria filter hasn't changed.
Jan-82
Feb-67
March-88
April-62
May-43
June-40
Thanks for chiming in. It seems they are making note available again.
(https://forum.lendacademy.com/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FP71i6zF.jpg&hash=d169f8fd1d0e2ad7bb240fe3cbfbc337)
Title: Re: LC stop or limit fractional notes the last few days
Post by: Fred93 on July 04, 2017, 06:43:23 PM
I work for a startup that buys fractional loans on the LC market so I check this data regularly. My algorithm only bought one loan yesterday and today I'm seeing nothing at all.

Supply waxes and wanes.  Get used to it.
Title: Re: LC stop or limit fractional notes the last few days
Post by: apc3161 on July 05, 2017, 08:25:06 PM
I saw ad on skype the other day to invest with LC. The only reason I found it interesting was because previously all the ads I've seen for LC involved borrowing. I wonder if they are now running short of investors.
Title: Re: LC stop or limit fractional notes the last few days
Post by: rawraw on July 06, 2017, 06:07:38 AM
Thought you guys have been around long enough to know LC frequently does this at quarter end to manage numbers?
Title: Re: LC stop or limit fractional notes the last few days
Post by: lascott on July 06, 2017, 10:33:22 AM
Thought you guys have been around long enough to know LC frequently does this at quarter end to manage numbers?
In hindsight yes, but I had just turned back on buying for my ROTH account and other services for my taxable account so I was watching closely. My day of the week, day of the month, etc have been off since my accident. Things are looking up tho.
Title: Re: LC stop or limit fractional notes the last few days
Post by: rawraw on July 06, 2017, 10:34:47 AM


Thought you guys have been around long enough to know LC frequently does this at quarter end to manage numbers?
In hindsight yes, but I had just turned back on buying for my ROTH account and other services for my taxable account so I was watching closely. My day of the week, day of the month, etc have been off since my accident. Things are looking up tho.

Glad to hear things are on an up trend.

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