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Topics - profwolfe

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Investors - P / Historical question on Prosper Auctions
« on: April 22, 2020, 12:33:54 PM »
Prior to 2011 when Prosper was using auctions to set the interest rate on loans when did the auction stop?  I know there was a 14-day limit for a listing to receive full funding, but what if the loan listing had 100% funding on day 1?  Would it remain up for the additional 13 days so that investors might bid down the interest rate?  Was there some way for borrowers to accept the current offer (at any point in the 14-day window) and end the auction?
Thanks!!

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Investors - LC / Speed of Funding
« on: January 14, 2019, 01:13:18 PM »
Anyone know of a way to gauge how fast notes are getting purchased each day?  Some type of measure for the speed of (note) funding?  We're trying to cook up some measure of adverse selection and thought if a large chunk of the loans were purchased quickly on a given day - it might be indicative of more severe adverse selection issues for (the less speedy) investors. 

I think API users can grab listD and then compare to the note's issue date/time but I haven't found anyone tracking that besides Monja (https://www.monjaco.com/blog/3-types-of-loans-algorithmic-investors-buy/). 

Thoughts?

https://sites.google.com/site/swimwolfe/home/research

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Foliofn - LC / Looking to buy Historic Folio data
« on: February 26, 2018, 01:15:48 PM »
I'm an academic - I'm looking for someone who might be willing to sell me data on the current inventory of Folio notes (going back historically).  Ideally, you have downloaded the current inventory of notes 1+ times a day going back to 2009 but I'm willing to entertain just about anything.  Email me at bawolfe@buffalo.edu if interested.  I'm looking for the Prosper version up to 2016 if you have it too.   

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So I'm trying to figure out if there is such a thing as a loan that makes it through LC's application process but then doesn't get funded?  My understanding of the usual data sources they provide (https://www.lendingclub.com/info/download-data.action) are
1.  loans that make it through the application screen and are successfully funded.
2.  loans that don't make it through the application screen

Is there such a thing as :
3. loans that make it through the application screen and are NOT successfully funded

If by chance they're in the usual data sources LC gives, how would I pick out those loans?

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General P2P Lending Discussion / Folio Liquidity Anecdotes
« on: September 23, 2016, 09:22:48 AM »
I'm a finance Professor and I'm working on a P2P project using Prosper & LC data.  I'm trying to piece together a sense of how illiquid FolioFn has been over time by collecting anecdotes of people's comments.  For example in the comments below I can see that between 60-100k Notes were for sale on FolioFN (LC) in May 2014 or Peter's post in January of 2013 suggesting 44k on LC and 9k on Prosper. 

Nov 2015 - http://www.lendacademy.com/lending-club-adds-15-new-fields-and-folio-introduces-a-true-secondary-market-api/
May 2014 - http://www.lendacademy.com/forum/index.php?topic=2231.0
June 2013 - http://www.lendacademy.com/foliofn-lending-club-users/
January 2013 - http://www.lendacademy.com/to-sell-or-not-to-sell/

Please feel free to share anything you have.  If you have some data collected that you are willing to share that would be a gold mine for us.  My email is bawolfe 'at' buffalo 'dot' edu
Thanks!

 

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