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Topics - faeriering

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Investors - LC / 7 mortgage accounts why??
« on: June 21, 2014, 10:59:23 AM »
I was just reviewing this loan:

this person makes 71k/year and has 7 mortgage accounts.  How? why?
1 for the house
1 for the fixing the roof/kitchen/whatever on the house
1 for borrower's car
1 for borrower's spouce car
1 for teenager car

that's only 5, a couple more cars? or a vacation home?  but why on god's green earth would someone borrow so much against their house with that level of income?

they are ~50 and so should be in retirement . . . I just don't understand.  maybe a medical issue came up or keeps coming up.

What's the highest number of mortgage accounts you all have seen?

edited to correct math error in age

Investors - LC / Lending robot
« on: November 17, 2013, 08:23:51 AM »
Hey guys,

I saw this while reading through the news this morning:
I like IR, but I was wondering if anyone had heard about/used this site.  The encryption sounded good, but I'm not an encryption person so it might have all been fluff.

Peter have you covered this site on your blog?  I'm really kind of surprised that someone is out there offering services (for a fee) for LC and they aren't on this forum . . . is there another place for news.  Obviously I'm spending too much of my research time with Renton filtered content :).

Peter I do love your site!



So in default, but made payments for the last 5 months.  I'm a little confused about why the last 2 payments went straight to pricipal, might need to contact LC on that one.  and to think before it went to default I had it listed for like 6$ on folio *headdesk*  looks like I need to be more diligent in checking payment histories.

Interest Radar / portfolio analysis
« on: April 14, 2013, 01:48:06 PM »

first, the foliofn tool looks awesome :).  I can't wait for it.

I was just looking through the notes that have gone bad in my portfolio.  and the only thing that I noticed was that many of them had >200 investors in the notes.  Is there a way to run an analysis on my notes.csv file that will tell me if the average amount invested (by all investors) is an indicator for the note going bad?  maybe if there is a porportion to loan amount, I should look at selling these notes quicker on foliofn (potentially when they get the initial rise in fico from funding?



" Borrower added on 04/04/13 > I like to pay off my truck lone $500.00 a mouth Persnell lone $168.00 credit card 200 to 150 ..And by a 3 acker lot that has a  septit and city water..$25000 good dill."

Investors - LC / would you have funded this loan when it listed?
« on: March 02, 2013, 11:49:22 AM »
So I've been starting to review loans that I have for performance.  I sorted by payment amount max to min and was going through the loans that have been doing well on payment history.

I found this guy:

It was in my Lendstats porfolio so it was a loan KenL had listed on lendstats.  I was looking through the loan profile, and I wouldn't have invested in this loan today using my current criteria for the following reasons:
  • Payment/income is much greater than the 10% I normally look for now
  • the income looks low for CA with the debt load

I like the credit history (lots of N/As and 0); and 0 inquiries.  Also the amount requested is < revolving balance.  But even with these pluses I would have kicked this loan if I were looking at it today.

Would you have invested in it?

Investors - LC / 388 loans in browse notes? what happened to 1800?
« on: March 02, 2013, 10:46:33 AM »
okay I'm sorry guys I just have to vent a little here.  Why on god's green earth are there only 388 loans total available for investment right now on LC.  just a couple months ago we had well over 1500.  for the last 2 weeks every time I've checked I've had exactly 0 loans come up with my filters.  (I would normally have 4-10).  Is anyone else having similar trouble finding loans to reinvest in at LC?

So I've noticed that there are loads more loans available >2000 today when I checked. I've also noticed that fewer of them are meeting my filter criteria.

I know that when LC first started releasing loans as whole notes to institutional investors it was something like 20% of the loans on the market.  I vaguely remember reading somewhere that that number has continued to go up over the last several months.  Has anyone done analysis to see if there is a quality difference in the loans being offered to institutional investors first as whole notes vs. those being offered to "the rest of us"?  I was just curious if the "good" notes, those likely to perform better than others in their interest rate block, were more likely to be offered to institutional investors first and if that was why so many more notes were staying longer on the platform. I'm not sure if my question makes sense, but it seems like there's a lot of notes that might be considered lower preforming that are staying on the platform longer.

Investors - LC / Lending Club Proprietary Model Ranking
« on: January 19, 2013, 11:05:42 AM »
So I was just reading Anil's site and he was saying that LC no longer publishes how they are setting interest rates . . . I couldn't believe they would strip this transparancy from their site.  So I had to double check :

And sure enough, they are only showing their risk modifiers for Loan amount and loan term.

I feel a little betrayed by this, since I used to try to focus on moving nobs in my filters that weren't covered by their risk profile.

Investors - LC / This one surprised me
« on: December 31, 2012, 10:59:12 AM »
I know you can't predict poor outcomes in folks life (emergency situations that no emergency fund could cover).  But man a cop . . . I would have thought they would have known better.

One of my original starter loans was for a fire fighter in NY.  That guy went late so many times, like 1/2 of his payments.  He just paid the loan off in full. I was always rooting for him.  Come on man you can do it.

This was a good lesson for me in starting to be a little bit more objective on who I'm loaning to, and maybe not worrying so much if I'm dumping a loan at a discount while it's in pre grace period even if I think the debtor will come around.

So I've been wanting to do further analysis on my notes.cvs file to analyze for abnormal losses in specific notes.  But when I downloaded the file, there was only about 10 columns of information.  A far cry from the hundreds (it seems like) rows in the browse notes cvs file.  So I thought I'd pull the statistics file down with all the information on all the notes FROM THE BEGINING OF TIME . . . only to find that file had also been neutered of several of the columns.  When I look at my portfolio at Lend stats, I can see the data is somewhere though because it is showing up.

Does anyone know where the "intact" data is stored with all the relevant columns that sites like Lendstats and Nicklesteam Roller are using to do their statistical anaylsis?  I would like the file to start to do some of my own analysis.  I love Lendstats site, but it doesn't give information based on employer, and I'm really interested in seeing if I've gotten higher losses with the loans that have "n/a" for employer than the others.

Thanks for any help you all can provide :)

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