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Messages - Paulie2083

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1
Investors - LC / Discontinuing F and G grade Notes
« on: November 07, 2017, 05:54:31 PM »
"As of November 7, 2017, F and G grade Notes will not be available on the LendingClub investor platform. We are consistently assessing the value our product delivers to our investors, and have noticed an increase in prepayment and delinquency rate in F and G grade Notes. We feel it is in the best interest of our investors to remove F and G grade Notes while we test new capabilities and refinements to the underwriting and pricing criteria and determine how to best offer a better experience for both borrowers and investors in the F and G segment."

2
Adjusted Net Annualized Return3 ?:   8.61
Weighted Average Interest Rate:   19.80%
Weighted Average Age of Portfolio:   13.4 mos
Number of Notes:   1,163

Payments  36 (52.1%) 60 (47.9%)
A (0.0%) B (0.0%) C (1.2%) D (60.5%) E (38.3%) F (0.0%) G (0.0%)

anar is down, ill edit later.

Combined ANAR :   7.94%
Weighted Average Interest Rate:   19.76%
Weighted Average Age of Portfolio:   14.5 mos
Number of Notes:   1,078

Payments  36 (52.0%) 60 (48.0%)
A (0.0%) B (0.0%) C (1.4%) D (61.3%) E (37.3%) F (0.0%) G (0.0%)

vs All Accounts:
94.13
vs Similar Age Accounts:
98.72
vs Similar Age and WAIR Accounts:
97.62

3
Investors - LC / Re: So, let's talk liquidation strategies….
« on: October 06, 2017, 12:56:43 AM »
When you list on folio you can markup all your loans at once. Just select them all and at the top of the column hit the + next to the markup until you get to the % that you want to markup. You can use that to markup all your loans so you don't have to do them one at a time. You can also use that when you reprice as well.

I've tried this, and unfortunately I have a lot of loans with lower interest rates or few payments left, which makes their YTM already low. Applying a markup of any significance to a large set of loans in folio and you will inevitably put at least one loan in a negative YTM offering, which makes the whole batch sale attempt fail.

If you can figure out a way around this, please let me know! I cant seem to figure out how to filter these loans out of my attempted batch sales.

find the negative YTM and change it. if you have thousands of notes use CTRL+F and look for parentheses. negative YTM will show in parentheses. ex. (1.25 %)

4
Investors - LC / Re: So, let's talk liquidation strategies….
« on: October 04, 2017, 03:50:53 PM »
From spending way too much time on this board, I gather that a few people are in the same boat as I am….. Pretty much done with P2P Lending.

After 3 years of investing in Prosper and LC, I quit re-investing roughly 6 months ago with the intention of letting the accounts naturally run off. After continuing to watch my loans late % and default rates continue to climb, I'm not sure I want to wait this one out.

Prosper…. I guess I am stuck with you. You win the award for most illiquid investment ever. Uggh.

LendingClub… I'm considering a "steady liquidation" strategy and would appreciate any thoughts or ideas. I'd like sell my loans on the secondary to liquidate, but I am in no rush to get them all sold immediately. In fact, I'd rather take my time and eek out as much as I can get for them. I am thinking about a 2-3 month process of liquidating.

To make things easy and simple, I have been thinking of pricing each loan (regardless of status, details) at a 5% premium, assuming only a very small percentage, if any will sell. After 2 weeks, bringing the rest down to 4%. After 2 more weeks, down to 3%. Rinse and repeat.

Once challenge is that I have over 7k loans, which makes automated selling almost a requirement.

What do you think of this strategy? Are there any services out there (Peercube, NSR, etc…) that would be well suited for automating a strategy like this?  Anybody else like to share their strategy/thoughts?

Thanks in advance…
if your not in too much of a hurry, ill tell you my experience. I've been selling off my 1000-ish E & F active notes for the last 4 months. Of those 1000 i sold 2 notes at 7% markup.1 note at 5% and like 6 of them at 4%. i sold about 100 notes between 2-3% over the course of a month. Starting at 2% premium ive been been listing all my notes in increments of .10% on folio until their default expiration(1 week). 1.90% for 1 week, 1.80% for the next week, so on a so forth. i've sold  maybe 200 more notes between 1-2% premium. i have about 700 active notes now and am currently selling them at 1% markup(folio takes 1%, so i'm more or less breaking even on these notes). i'm guessing once my notes finally get down to 0% markup and beyond they will start flying.

all in all you can expect to sell maybe 1/3 of your portfolio at a premium. 4 or 5% markup is a good place to start but don't expect many to sell. sub 3% is when you start seeing noticeable movement. also, it's much simpler to lump all your notes into one big batch rather than changing markups based upon credit score trends or "never late" status. Don't waste time trying to make your notes more "marketable", they will sell eventually when they hit the right price point.


5
Adjusted Net Annualized Return3 ?:   8.61
Weighted Average Interest Rate:   19.80%
Weighted Average Age of Portfolio:   13.4 mos
Number of Notes:   1,163

Payments  36 (52.1%) 60 (47.9%)
A (0.0%) B (0.0%) C (1.2%) D (60.5%) E (38.3%) F (0.0%) G (0.0%)

anar is down, ill edit later.

6
Investors - LC / Re: Anyone selling Florida loans?
« on: September 15, 2017, 10:33:51 PM »
Figured I would pop in as have not been here for awhile.
With Florida being one of the sand states, like you, I never had a single loan from there. And you are correct if I remember my backtesting correctly that they have a higher default rate.
I'm fairly certain I've excluded FL in general, I believe it was mentioned a couple years ago, that FL as state had a higher than average default rate. I don't recall.

Yep, just have 10 active loans in FL, origination dating back to 2015.

same here  ;D
I've always excluded Florida (the state i live in!) because of the higher default rate. i think California is another one with a fairly high default rate that i exclude.

7
unusual to see many people here winding their accounts down at around the same time. i am as well. something in the air maybe?

COMBINED Adjusted Net Annualized Return3 ?:   9.48%
Weighted Average Interest Rate:   19.68%
Weighted Average Age of Portfolio:   11.3 mos
Number of Notes:   1,384

vs All Accounts:
94.27
vs Similar Age Accounts:
98.70
vs Similar Age and WAIR Accounts:
97.42

A (0.0%) B (0.0%) C (1.1%) D (63.6%) E (35.3%) F (0.0%) G (0.0%)
Payments  36 (56.7%) 60 (43.3%)

COMBINED Adjusted Net Annualized Return3 ?:   9.28%
Weighted Average Interest Rate:   19.76%
Weighted Average Age of Portfolio:   12.4 mos
Number of Notes:   1,243

vs All Accounts:
95.32
vs Similar Age Accounts:
99.32
vs Similar Age and WAIR Accounts:
99.03

A(0.0%) B (0.0%) C (1.1%) D (61.1%) E (37.7%) F (0.0%) G (0.0%)
Payments  36 (52.1%) 60 (47.9%)

8
unusual to see many people here winding their accounts down at around the same time. i am as well. something in the air maybe?

COMBINED Adjusted Net Annualized Return3 ?:   9.48%
Weighted Average Interest Rate:   19.68%
Weighted Average Age of Portfolio:   11.3 mos
Number of Notes:   1,384

vs All Accounts:
94.27
vs Similar Age Accounts:
98.70
vs Similar Age and WAIR Accounts:
97.42

A (0.0%) B (0.0%) C (1.1%) D (63.6%) E (35.3%) F (0.0%) G (0.0%)
Payments  36 (56.7%) 60 (43.3%)

9
i noticed the loans drying up too. these are the # i purchased since the beginning of year. my criteria filter hasn't changed.
Jan-82
Feb-67
March-88
April-62
May-43
June-40

10
anar compare is down

Adjusted Net Annualized Return3 ?:   9.63%
Weighted Average Interest Rate:   19.67%
Weighted Average Age of Portfolio:   10.4 mos
Number of Notes:   1,461

11
Adjusted Net Annualized Return3 ?:   9.39%
Weighted Average Interest Rate:   19.57%
Weighted Average Age of Portfolio:   8.4 mos
Number of Notes:   1,315

(0.0%) B (0.0%) C(1.2%) D(64.0%) E(34.7%) F(0.0%) G(0.0%)
36(55.9%) 60(44.1%)

vs All Accounts:
94.44
vs Similar Age Accounts:
94.02
vs Similar Age and WAIR Accounts:
90.42
As of 5/4

Adjusted Net Annualized Return3 ?:   9.67%
Weighted Average Interest Rate:   19.60%
Weighted Average Age of Portfolio:   9.0 mos
Number of Notes:   1,383

(0.0%) B (0.0%) C(1.2%) D(64.0%) E(34.9%) F(0.0%) G(0.0%)

vs All Accounts:
94.52
vs Similar Age Accounts:
96.05
vs Similar Age and WAIR Accounts:
91.96

Adjusted Net Annualized Return3 ?:   9.79
Weighted Average Interest Rate:   19.62%
Weighted Average Age of Portfolio:   9.7 mos
Number of Notes:   1,421

(0.0%) B (0.0%) C(1.1%) D(64.3%) E(34.6%) F(0.0%) G(0.0%)

vs All Accounts:
94.64
vs Similar Age Accounts:
97.34
vs Similar Age and WAIR Accounts:
95.48

12
Adjusted Net Annualized Return3 ?:   9.39%
Weighted Average Interest Rate:   19.57%
Weighted Average Age of Portfolio:   8.4 mos
Number of Notes:   1,315

(0.0%) B (0.0%) C(1.2%) D(64.0%) E(34.7%) F(0.0%) G(0.0%)
36(55.9%) 60(44.1%)

vs All Accounts:
94.44
vs Similar Age Accounts:
94.02
vs Similar Age and WAIR Accounts:
90.42
As of 5/4

Adjusted Net Annualized Return3 ?:   9.67%
Weighted Average Interest Rate:   19.60%
Weighted Average Age of Portfolio:   9.0 mos
Number of Notes:   1,383

(0.0%) B (0.0%) C(1.2%) D(64.0%) E(34.9%) F(0.0%) G(0.0%)

vs All Accounts:
94.52
vs Similar Age Accounts:
96.05
vs Similar Age and WAIR Accounts:
91.96

13
Adjusted Net Annualized Return3 ?:   9.39%
Weighted Average Interest Rate:   19.57%
Weighted Average Age of Portfolio:   8.4 mos
Number of Notes:   1,315

(0.0%) B (0.0%) C(1.2%) D(64.0%) E(34.7%) F(0.0%) G(0.0%)
36(55.9%) 60(44.1%)

vs All Accounts:
94.44
vs Similar Age Accounts:
94.02
vs Similar Age and WAIR Accounts:
90.42

14
Investors - LC / Re: How much emphasis to put on FICO Scores?
« on: March 27, 2017, 06:52:24 PM »
I understand the importance of FICO scores and what they mean as far as borrower reliability, I have a good FICO score myself. I am wondering though if I could get some feedback on FICO scores in general. I've been basing my investing strategy (which is soon to begin with a fairly small amount compared to most) off loan grades and interest rates, but maybe I should be looking at FICO scores more closely? Is there a range that most people find acceptable? Such as 700+ etc. It seems very hard to find loans to fund once you really start to narrow down the FICO scores though, unless you're an investor solely going after A and B grade loans.

Looking for any input on this since I'm brand new!

Not surprisingly, you'll get a lot of different answers depending how much risk an investor is willing to take on. but, if you're looking for a hard set number, i personally invest in D/E loans and my criteria excludes anyone with a credit score of less than 665. As i said though, its just one of many different varying answers.

15
Investors - LC / Re: NAR doesn't make sense
« on: March 03, 2017, 01:21:04 AM »
$4,999.47 + $14.52 available cash

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