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Messages - kbenson99

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1
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 https://api.lendingclub.com/api/investor/v1/accounts/12345678/trades/buy.

2
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.


3
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?

4
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).

5
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, https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=6547406&order_id=9866621&note_id=27947429##.  The total amount for the 105 was only $1.0596696236.  Strange....

6
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?

7
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?

8
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 https://www.lendingclub.com/account/getLenderActivity.action.  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).

9
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

11
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.

12
From what I've seen, the note listing for sale from https://www.lendingclub.com/foliofn/notesRawData.action 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 https://resources.lendingclub.com/SecondaryMarketAllNotes.csv; 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 http://www.lendacademy.com/forum/index.php?topic=3521.0 about some of the issues around notes not appearing on the folio web site.

13
With regards to the URL pattern, https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=XXX&order_id=YYY also works (where XXX is the loan_id and YYY is the order_id).  For example this one
https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=52026630&order_id=72212665 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 https://www.lendingclub.com/foliofn/notesRawData.action or full Folio inventory https://resources.lendingclub.com/SecondaryMarketAllNotes.csv 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.

14
As of 9:50am, there were 231,224 notes on the secondary market, with a loan count by status breakdown as follows:

StatusCnt
Current85372
Late (16-30 days)925
Issued4717
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".

15
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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