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Messages - GregTexas

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1
Foliofn - LC / Re: Anyone else using automated trading on foliofn?
« on: March 30, 2017, 09:13:31 AM »
Yes the IGP reasons are endless including some set up auto-pay to pay every month during the grace period.
I'd rather not eliminate notes based on this factor and continue to rely on "never late".

2
Foliofn - LC / Re: Anyone else using automated trading on foliofn?
« on: March 29, 2017, 08:56:17 PM »
Personally I would not consider a note being paid during the grace period as being paid late.

3
Foliofn - LC / Re: Anyone else using automated trading on foliofn?
« on: March 29, 2017, 03:11:06 PM »

Notes that have a recent IGP but listed as never late.


This scared me until I checked that I filter for notes that have a status of "current"  and have never been late. I ignore notes with a status of "In Grace Period".

4
Foliofn - LC / Credit Score Change
« on: June 26, 2016, 11:04:00 AM »
Is this in relation to when the loan was originally funded? Or are there subsequent credit checks during the loan term? Example: Original credit score 750, a year in 650, listed in secondary market 680. The trend is up from last check but down from the first check.

5
Investors - LC / Re: Does Anyone own Notes from these Loans?
« on: June 22, 2016, 04:22:09 PM »
I have 73570000 and 77130000.

6
Investors - P / Texas Investor
« on: June 18, 2016, 07:49:48 AM »
I've been waiting for years to invest on the Prosper platform.  Does anyone know why Lending Club can pull off getting access to Texas investors but Prosper can't?

This is how they last replied to my inquiry:

"The remaining states require that we complete a securities regulatory process with each of them individually. We do not have any further information to provide. Prosper has been trying to get approval from your state since our relaunch in 2009."

I know that Lending Club allowed accredited investors to access their secondary market notes prior to getting approval. I'm an accredited investor and I only invest in the secondary market anyway.

Their response to my inquiry about that:

"Prosper does have investment fund options available for accredited investors in any state."

I'm only interested in investing in individual notes. Has anyone here that lives in a disallowed state been allowed to buy notes on the secondary market?




7
Investors - LC / Re: Over 200 loans and flat return after ~ 3 months
« on: June 15, 2016, 04:24:27 PM »
My account sits with about 2% of loans late at any given time.

This makes me happy with my .25% past due ratio.

8
Foliofn - LC / Re: Discount 73.02% - YTM 220.42
« on: June 14, 2016, 05:56:56 PM »
This link https://www.lendingclub.com/account/loanPerf.action?loan_id=3625944&order_id=103796991&note_id=20112917 doesn't work.
On any link to a note, if you replace "account" with "foliofn", it will work, regardless of whether or not it is actually available in the secondary market.

https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=3625944&order_id=103796991&note_id=20112917

Great because I missed the boat on the download.

9
Foliofn - LC / Re: Discount 73.02% - YTM 220.42
« on: June 14, 2016, 10:21:44 AM »
OutstandingPrincipal             AccruedInterest      AskPrice   Markup/Discount          YTM                       Status
           60.84                                         1.93                  16.94            -73.01                      216.74       Late (31-120 days)   

Looks like a distressed note sold for a big discount. 60 days since last payment so there is still a bit of time before charge off.
A lottery ticket.




               

Nice a little lottery action. Where do I find that note info? I remove any notes with false for "Never Late". Something went wrong here.

10
Foliofn - LC / Discount 73.02% - YTM 220.42
« on: June 14, 2016, 09:29:27 AM »
I suppose I discovered one of the pitfalls of API buying. Garbage in garbage out.

Note ID            Loan ID     Order ID           Bid Price    Markup/Discount   YTM          Interest Rate   Loan Class   FICO     Payments Left   Original Note   Credit Trend
20112917         3625944     103796991   $16.95         -73.02               220.42       17.27              C5                     680            23                    125            FLAT

One of $300 worth of notes all with the same YTM I bought this morning. Unfortunately I found out I wasn't storing the outstanding principal so I can't see how good or bad I did.
This link https://www.lendingclub.com/account/loanPerf.action?loan_id=3625944&order_id=103796991&note_id=20112917 doesn't work.

Now I filter out all notes with unlikely discounts.



11
Anil I'm curious how your system handles if multiple buyers' filter settings result in customers vying for the same note(s)? Which customer gets the note(s)? Do you process with the customers randomly sorted for each session?

12
Investors - LC / Re: Lending Club Site is Down
« on: June 08, 2016, 11:37:49 PM »
My algo jobs only showed issues around 4:30pm Pacific -- to get cash balance.

Folio had no issues today.

I found out that balance request killed my whole system.

13
Investors - LC / Re: Lending Club Site is Down
« on: June 08, 2016, 09:05:35 PM »
They keep changing the splash screen.

Lending Club is Performing a System Upgrade

The Lending Club website is temporarily unavailable due to a system upgrade. Please check back in 2-3 hours.

We apologize for any inconvenience and appreciate your patience.

- The Lending Club team

Now


We're Sorry

Our website is temporarily down due to a data center outage.

We’re working on the problem and will be back up and running soon. Thanks for your patience.





14
General Lending Club Discussion / Re: Website Down
« on: June 08, 2016, 06:57:52 PM »
The website is usually down around 12am PST when they update their servers. Down around this time is unusual

I never noticed until today.

15
General Lending Club Discussion / Website Down
« on: June 08, 2016, 06:47:17 PM »
We're Sorry

The Lending Club website is temporarily unavailable.

Thanks for your patience, we'll be back online soon.


First time I've seen that. The API doesn't work either.

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