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Messages - kbenson99

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Foliofn - LC / Re: foliofn api issues?
« on: April 27, 2016, 12:58:35 PM »
At a glance, your URL is incomplete.  The URL pattern for buy requests should be

Investors - LC / Re: Is there a transfer fee?
« on: March 25, 2016, 09:29:27 AM »
You're setting yourself up for a bad experience if you are starting off with $100 and then depositing $100 every month or so.  You will not have any diversification.  Minimum recommendation (as stated somewhere in this forum or, I think, on the LendingRobot site) is $2500.  With $100, a single bad loan will absolutely kill your portfolio.

Investors - LC / Re: LC ANAR is nonsense, how should I value my portfolio
« on: February 25, 2016, 02:31:36 PM »
Are the notes from the Folio secondary market still updated to PeerCube every 2 hours?

Foliofn - LC / Re: foliofn api issues?
« on: February 17, 2016, 10:10:30 PM »
You do know that the site you listed has NO affiliation to the FolioFN company and has no interaction with the folio API that is available from LC?  There's a thread somewhere in this forum which discusses this site.  I took a look at the site many months ago and from what I could tell, it was a school programming project (and a poorly designed one at that).

Investors - LC / Odd Activity on Paid Off Loans
« on: February 15, 2016, 10:42:40 AM »
Saw odd activity on long ago paid off loans yesterday, 2/14.  I had 105 tiny ($.03 and less) payments on loans that had paid off months (and a few over a year ago) posted to my account.  For example,  The total amount for the 105 was only $1.0596696236.  Strange....

BlueVestment / Re: BlueVestment Filter by TimeLeft?
« on: February 13, 2016, 01:02:13 PM »
I'd be interested in seeing the buy side of BV's Folio automation.  If multiple investors have the same criteria within their filters with matching loans/notes, how is it decided who gets to buy the loan(s) (randomly, round-robin, etc)?

Any timeline when the BV Folio automation will be live?

BlueVestment / Re: BlueVestment Filter by TimeLeft?
« on: February 12, 2016, 08:16:25 PM »
What type of Folio automation is currently being developed (buy and/or sell)?  If buy, how often will notes on the Folio platform be searched?

Investors - LC / Re: Running analysis in a spreadsheet - Some quesitons
« on: February 04, 2016, 02:17:57 PM »
I believe dompazz is referring to "Download All - Extended on  Only issue with that download is it only has data on a rolling prior 6 month basis.  So, you will need to save the activity records (I save mine into a database).

Investors - LC / Re: 2015 Year End Statement Available
« on: January 28, 2016, 10:08:04 PM »
Hmmm, don't think the data in the tax forms can be trusted.  I'm missing the 1099-OID form (and yes, net interest was much more than $10).   :o

Investors - LC / Re: Wow, never saw this one before...
« on: January 13, 2016, 11:00:31 AM »
I have several loans with this notation.  Once you see this, you can write the loan off as worthless.  I have yet to see any payment/collections from an estate after the notation.

From what I've seen, the note listing for sale from is "live".  In other words, if you can find the notes on the folio web site, they are in the notesRawData.action download. 

There is a strangeness in the notes listed in; I've seen where sometimes the notes on the folio web site are not in the SecondaryMarketAllNotes.csv download and vice versa.  Also, there is a time delay of several minutes (sometimes 15 minutes or more) that I've noticed after listing a note on folio and it's not in the SecondaryMarketAllNotes.csv download instantly.

There is a discussion in this thread about some of the issues around notes not appearing on the folio web site.

With regards to the URL pattern, also works (where XXX is the loan_id and YYY is the order_id).  For example this one which I don't own (and have never owned previously).

1) If you currently don't own (or previously owned), the only source for the order_ids is from Folio via search results in or full Folio inventory which is about 40mb.
2) It knows from the order_id.  Only 1 note_id for each loan_id can be in an order.  So, if you provide an order_id, LC knows the specific note_id for a loan.
3) In the URL I provided above for loan_id 52026630, you should be able to see the collection log.  In the URL that yojoakak provided, unfortunately the loan has never been late; thus, no collection log info.

As of 9:50am, there were 231,224 notes on the secondary market, with a loan count by status breakdown as follows:

Late (16-30 days)925
Late (31-120 days)3858
In Grace Period1160

Given that a note's collection log is only available from loanPerf.action, it would be extremely expensive to be constantly scanning 3858 loans, for loans that are Late (31-120 days).  A person who is trying to constantly scan the collection logs of Late (31-120 days) loans would most definitely get flagged by LendingClub for screen scraping, which LC spells out as prohibited "[w]ithout our prior consent".

Investors - LC / Re: Oil - are you redlining any states?
« on: January 07, 2016, 11:34:27 AM »
Given the state volume differences (for example for last quarter ending 9/30/15, CA had $323M of $2.235B of the total LC issuance, or ~14.46%), it would be difficult to find enough loans to cap all of the CA, TX, FL AND NY states at 5% given that these 4 states alone accounted for ~38.34% of the loan issuance last quarter.  You may be able to redline 1 or 2 of these 4 states, but good luck finding enough loan volume from other states.

I'm not aware of any third-party providers that have enabled the capping of state allocation as a percentage of your portfolio.  It is a fairly simple if you have basic programming skills to implement this.

Personally, I redline NY (my default rate from this state was quite a bit higher for some odd reason).  My loan issuance by state is below:

State  %ofIssued
TX   13.83%
CA   13.54%
PA   4.92%
VA   4.71%
NJ   4.63%
FL   3.62%
IL   3.26%
NC   3.26%
OH   3.26%
MD   3.19%
GA   3.11%
MA   2.90%
WA   2.61%
CO   2.46%
IN   2.39%
LA   2.39%
MO   2.32%
AZ   2.24%
MI   2.10%
OK   2.03%
AL   1.81%
SC   1.52%
TN   1.52%
OR   1.45%
MN   1.30%
KS   1.01%
NV   0.94%
NY   0.94%
KY   0.72%
UT   0.72%
AR   0.65%
WI   0.65%
HI   0.51%
NH   0.51%
NM   0.51%
MS   0.36%
WV   0.36%
RI   0.29%
MT   0.22%
ND   0.22%
WY   0.22%
CT   0.14%
DC   0.14%
DE   0.14%
NE   0.14%
AK   0.07%
SD   0.07%
VT   0.07%

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