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Messages - mark78

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1
Investors - LC / Re: Other Investment Options at Strata
« on: August 30, 2019, 07:49:16 PM »

I was wondering what other "non-standard" investment options people have used.

thanks!

PeerStreet is one option. Sortis Income Fund is another, if youíre accredited.

3
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


4
Investors - LC / Re: Additional Statistics Payment File Down
« on: March 28, 2019, 04:12:08 AM »
Now that I'm back to civilization, meaning a real internet connection, I looked at the other big file, and it seems to have the level of detail I want. At https://www.lendingclub.com/company/additional-statistics, there are two big files. The first one- "Payments made to investors"- is just a monthly aggregate like you guys said. But the second- "All payments (includes payments made to investors and to LendingClub)"- has each payment, along with status including IGPs and sometimes multiple payments in a month.

Agreed there's no time to scrape in 10 milliseconds, but doesn't this file do the job? I haven't databased it yet, just eyeballing it in Excel. My only complaint is the dates are rounded to the month (as Fred93 already said in another thread).

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Investors - LC / Re: Additional Statistics Payment File Down
« on: March 26, 2019, 06:07:04 AM »
Thanks guys, that makes sense. So the payments history file may be useful for modeling, but not for my use case. If a note comes up for sale which is not never-late (i.e. it has been late), and I want to know the late payment history, including IGPs and late-15-days, then the only way I can see is to screen-scrape https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=X&order_id=Y&note_id=Z, which I believe is against the terms and conditions.

6
Investors - LC / Re: Additional Statistics Payment File Down
« on: March 26, 2019, 01:48:45 AM »
I've just started using the additional statistics in my automated buying, and the first such note I bought was an epic fail.

I databased the additional statistics "payments made to investors" file. For Loan ID 68447465, the additional statistics file said it was late just once, many months ago. So when a note for that loan came up for sale at a good discount, my app bought it.

After my app bought the note, I manually inspected the payment history at https://www.lendingclub.com/foliofn/loanPerf.action?loan_id=68447465&order_id=96430784&note_id=109387362. This shows a completely different story- the loan has been late not once but three times, plus many IGPs that were not in the additional statistics.

The data integrity looks ok, nothing funny with encoding, etc. Has anyone verified the additional statistics matches the payment history on the Folio site?


7
I checked the api and csv and agree those do seem to show all the notes, so itís just the web interface that doesnít show them.

Sorry to have hijacked this thread. For future visitors, this discussion about whether notes are browsable has little to do with Liquid P2P, and it would affect any note seller in the same way.

8

Quote
What I think mark78  meant is that the notes are not showing up on the 'Browse Notes' web interface.  When listing notes they sometimes show up and sometimes don't.  In my experience all notes will show up when you search for them with the api or if you look in SecondaryMarketAllNotes.csv but getting them to show up on the web interface is a struggle.  Have you found a way around this?

That is what I meant. Interesting though if they do show in the API and csv. I haven't checked that.

9
I find it works to add two figures from the LC Holdings page: Account Total + Pending Settlement. However I only buy on the secondary market. I don't know whether this would work if you buy on the primary market or sell on the secondary market.

10
After a quick read of your site, I think your product sits on top of the Folio API. Please correct me if I'm wrong.

Foremost among the innumerable problems with Folio is that when you list a note for sale, there is only a small chance that it will be actually "browse-able"- that is, actually listed for sale. There is another thread about that which I can't find at the moment. In my experience, only 10-20% of the notes that I try to sell with the Folio API are actually listed for sale, incredible as that may seem.

Does your product offer any secret sauce or work-around for that bizarre state of affairs? Or asked another way, if I ask you to sell $10,000 of notes, how long would it take to sell every note, assuming I'm not fussy about the price? Because it would take me years using Folio.

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Foliofn - LC / Re: Orders API doesn't return orders IN_LISTING
« on: October 11, 2018, 04:54:01 PM »
Your link is to the "old" API. The "new" API documentation is not online as far as I know, but you can request it from LC support. The name of the "new" API documentation is "Lending Club Secondary Market APIs Documentation".

How did you test this and see the same behavior, without the new documentation- just from my snippet?

12
This is the same issue as https://forum.lendacademy.com/index.php/topic,4789.0.html, except that thread was about buying programatically and this one is about buying manually. I expect the same result though- it will tell you you've bought the note, but a few days later it will be in your "Canceled Buy Orders", with the reason that a payment was pending.

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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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Foliofn - LC / Re: Looking to buy Historic Folio data
« on: August 20, 2018, 05:04:59 PM »
It's still not clear to me whether US citizens living overseas (military, contractors, expats) can invest in Folio.

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Foliofn - LC / Re: Looking to buy Historic Folio data
« on: August 20, 2018, 04:12:10 AM »
No restrictions on the secondary market.  Doesn't matter where you live.

Can you please provide a reference for this? I see https://www.lendingmemo.com/how-to-invest-folio-lending-club/ says the secondary market is open to certain states in addition to the those open to the primary market, but that's still not "no restrictions". Furthermore, what about US citizens living overseas, who do not live in a state (military, contractors, expats, etc)?

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