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Topics - mark78

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Investors - LC / LLC to get around state restrictions?
« on: April 02, 2019, 11:03:14 PM »
I've been receiving emails from LC about their "Additional Account Types", e.g. corporate accounts. Couldn't an investor living in a restricted state set up an LLC in a permitted state and invest that way? And I assume that would apply to the secondary market as well as new loans?

The last discussion of this on the forum was way back in 2014.

This page says:

Corporate account
---------------------
An account opened in the name of a corporation or LLC. This type of account can be controlled by an authorized representative of the corporation. If you would like to open an account in the name of a corporation, please contact Investor Services at 1-888-596-3159 or investing@lendingclub.com


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Foliofn - LC / Orders API doesn't return orders IN_LISTING
« on: September 28, 2018, 04:18:25 AM »
I'm trying to use the Orders endpoint in the new LC API to get my open "sell" orders, similar to the example in the API documentation:

/api/investor/v1/secondarymarket/accounts/70654/orders?orderType=SELL

I get back orders with the following statuses:

'CANCELED_TIME_EXPIRED', 'CANCELED_BY_DEFAULT_OR_CHARGE_OFF', 'CANCELED_BY_PAYMENT', 'SETTLED', 'CANCELED_BY_SELLER'

but I do not get any with status IN_LISTING. I do have notes currently for sale- I see them at https://www.lendingclub.com/foliofn/tradingAccount.action- so I expect them to be IN_LISTING. Has anyone used this API successfully to get open sell orders?

Pleease don't suggest I contact LC support  ::)





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Investors - LC / What percent of IGP notes will default?
« on: March 06, 2018, 07:01:59 PM »
I've started buying statistically significant numbers of notes on the secondary market in the past two months. Based on LC historical data, I expect a certain number of defaults. So far, I have no defaults, but several have gone into the grace period (IGP) for the first time. What percent of those should I expect to eventually default?

Anil has https://www.peercube.com/blog/category/peercube/10 that suggests 41% if I read it correctly, but I think it's based on notes that both originated and terminated in 2014- probably a skewed dataset.

In case it matters, I buy mostly EFG grade, 60 months, never late.

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Foliofn - LC / Trouble with /foliofn/notesRawData.action
« on: January 28, 2018, 03:05:24 AM »
Hi, first time post.. From the Folio Browse Notes page, I can set my filters and "Download Search Results". That works fine. Now I want to do the same thing programatically using https://www.lendingclub.com/foliofn/notesRawData.action, but I get a "page does not exist" web page instead of the data I expect.

As Fred93 said (https://forum.lendacademy.com/index.php/topic,2231.15.html), you have to be logged in. Well I'm logged in with Chrome, Firefox, and IE, but it still doesn't work.

Has anyone else had this problem? Thanks!

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