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Messages - panther02912

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Investors - LC / Re: Is LC no longer interested in retail investors?
« on: March 24, 2019, 02:20:16 PM »
Fractional loan inventory has become terrible so I wanted to visualize the trend.  There is a gradual taper in fractional loan listing count (and percentage-of-total) through the end of 2018.  For example in December 2018, 4285 out of 40131 loans (11%) were fractional. 

I anecdotally observe that essentially zero good loans linger on the market recently.  Either bots are grabbing all of the best fractional loans more quickly or the fractional loan supply is even worse in 2019.  I'll recheck when the 2019Q1 dataset posts.

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Investors - LC / Re: Is LC no longer interested in retail investors?
« on: December 19, 2018, 02:56:48 PM »
I emailed LC investing about low loan inventory in mid-November and got back a generic email about supply and demand.  Then, this week I got a phone call from another investor services rep to discuss loan supply. 

This rep told me that LC hasn't given up on retail investors, and that our feedback is used to make allocation decisions (as recently as yesterday in some sort of loan inventory meeting).  Inventory might increase from <100 loans like today to 100-200, but not to 500 loans like prior years.  I might want to start pulling back from my account, if I can't find enough loans to invest my cash.

On reflection: someone is listening at LC, but there's no reason to expect any major change.  Talking to them does help advocate for our interests.

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Investors - LC / Re: Is LC no longer interested in retail investors?
« on: November 13, 2018, 05:44:56 PM »
Who do we write or call?

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Investors - LC / Re: Assign a note to a portfolio via API
« on: October 24, 2018, 11:27:39 AM »
You can assign notes to a portfolio ID when posting an order.  For example:

[{'loanId': 606, 'portfolioId': '124', 'requestedAmount': 25.0}, {'loanId': 607, 'portfolioId': '124', 'requestedAmount': 25.0}]

I don't see a way to programmatically move held notes to another portfolio either.  Have you asked LC support if they have an undocumented API feature since portfolio reassignment is possible with their web site?

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Investors - LC / Re: Old Data Download
« on: August 24, 2017, 11:52:42 AM »
This is regarding data that LC once provided, but no longer posts for fresh or recent loans, right?    If so, then the missing data would help predict/model older loans, but it's not clear how one could use it to predict new loans.

Or are you, qwertyuser et al, trying to figure out performance of older loans for Folio purchases?

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Well, I got at partial answer to my questions from Prosper: 12.7% before the adjust and 6.45% after.  More than 50% lower!

They also provided their intended formula but no details about the mistake they were making:

Annualized Net Return = [ ((Payments Received – Servicing Costs – Charge Offs + Recoveries) / Average Daily Amount of Principal Outstanding) / Dollar Weighted Average Note Age of Portfolio in Days ] x 365

My account skewed several years old and low-grade, so my guess is their mistake had to do with write-offs.  I also guess that my risky account took an especially big haircut.  That said, if they want to rebuild trust, Prosper still owes us complete answers to questions 2 and 3.



1 My annualized Return numbers before and after the revision.
2 Details about how they revised the calculation to reach the new return numbers.  Had they neglected a factor or used an incorrect formula?
3 Details about about how the revision affects the investor population overall. For example, a new by old plot of returns and a quantile-breakout of adjustments amount.  Was my account's downgrading typical or one of the worst?

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ktrdsl23--can you post the article text.  I'm getting a pay-wall.

My account has loans mostly 2-3 yrs old, biased towards lower grades.  I think my quoted returns dropped from  ~12% to about 6%, but am not sure since they removed the old number.  I am certain that I made ongoing investment decisions based upon the prior, higher number.

Prosper screwed up, big time IMO.  I emailed them requesting:

1 My annualized Return numbers before and after the revision.
2 Details about how theyr evised the calculation to reach the new return numbers.  Had they neglected a factor or used an incorrect formula?
3 Details about about how the revision affects theinvestor population overall. For example, a new by old plot of returns and a quantile-breakout of adjustments amount.  Was my account's downgrading typical or one of the worst?

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Investors - LC / Re: Loan Prediction with Deep Learning / A.I.
« on: April 28, 2017, 10:34:53 AM »
Thanks for sharing. Very interesting. Are thinking about developing this work more, like more features or a more granular output performance?

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Thanks for the warning!

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Investors - LC / Re: Investment order received Emails
« on: March 30, 2017, 10:29:00 AM »
Me too. My API order emails stopped about a week ago, and I logged in to confirm that the orders were still being placed and that my preference is still for email order confirmations.

I was getting ready to post and see if anybody else was seeing the same behavior…

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Investors - P / Historical listing data with Transunion (TU) values?
« on: March 01, 2017, 01:12:42 PM »
Do you know where find historical listings with Transunion credit data populated? 

Looks like the 17Q4 data recently posted here still only has Experian credit properties:
https://www.prosper.com/investor/marketplace#/download

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Investors - LC / worst case model for ROI
« on: December 07, 2016, 03:28:43 PM »
Hello, my LC investments skew toward high risk, and I'm interested in estimating how bad things could get in leaner times.  One way to do this would be to look at consumer debt delinquencies through the '08 credit crisis by FICO score and then project my portfolio, by FICO slice, through a similar, stressed situation.

However, I can't find historical consumer debt delinquencies by time and FICO score.  Anyone know how to find this data set?  Or do you have a better idea for simulating performance through a recession/credit crisis?

Thanks!

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Investors - LC / how fast do most-desired new loans fill?
« on: August 04, 2016, 01:27:42 PM »
When I log in after a batch of loans post, I can watch as certain, choice loans fill in a few seconds (watching percent-funded, as I refresh a loan's page).  This leads me to wonder if some loans are filling even faster than I can see, instantaneously in human-time. 

Does anyone have insight into how quickly the shortest-lived loans are filled?

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