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Messages - Kombinator

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Investors - LC / Re: API - (503) Server Unavailable
« on: April 10, 2015, 10:33:52 AM »
Saw the error as well, crashed my reporting and loan submission, need to improve the error handling around this.

Do you guys have a list of other errors you have seen from the servers, and possible error handling ideas, would be quite helpful if you are able and willing to share.

Investors - LC / Re: Where, oh where, have all the loans gone?
« on: April 08, 2015, 09:53:35 AM »
Have to agree with poster above, the loan supply we are seeing is same as before, if you are not using automation either your own or third party to grab it within a second, don't expect to see, let alone purchase any of the juicier loans

I am sure they will be thrilled to have you on board, pretty low yields there:)

Investors - LC / Lack of payment data in LC API
« on: March 20, 2015, 10:10:15 AM »
Just wanted to note that it is a bit strange that LC explicitly does not provide a value of monthly installment for each loan in its API.  sure it is fairly easily derived from installment field and proportion of loan you hold, but why make the investors jump through little extra hoops?

General P2P Lending Discussion / Re: Speed of New Funds Deployment
« on: March 20, 2015, 10:05:45 AM »
Secondary markets are interesting, but does require additional coding indeed, which is a bit different that the one used for the main API.  There is not too much really great stuff there, but you should be able to pick up possibly 3-5 loans daily that are decent.

General P2P Lending Discussion / Re: Speed of New Funds Deployment
« on: March 19, 2015, 09:58:55 AM »
Broadly speaking your notes invested but not issued will hover at about 35% for higher grades.  So keep that in mind when planning your deployment.  also take into account that there is pre-payment going on on loans you already funded, as well as regular CF, so that will add to your funds idle build up as well.

If your system is fast enough to grab all the loans you want in time, you can expect to see about 200 decent loans in a month out of which 140 will fund, so at $50 clip, the estimate above is correct.

Investors - LC / Re: Insuring loans.
« on: March 18, 2015, 10:13:39 AM »
Interesting, but seems this is insurance for the borrowers not the lenders

Investors - LC / Re: Insuring loans.
« on: March 17, 2015, 10:11:01 AM »
I am quite interested to hear more about this project as well. Please do provide more info and should you move forward with this I would love to review the product and possibly use it for our portfolio.

Investors - LC / Re: 401k question from a Newbie
« on: March 16, 2015, 10:25:17 AM »
Can you open a 401K on LC, I was under the impression that they just did IRA accounts...?

Foliofn - LC / Re: Buying notes above par?
« on: March 10, 2015, 09:41:52 AM »
Automation is not as prevalent yet on secondary market, but certainly there, and will become only more prevalent over time.  The note sizes generally are fairly small to make developing an automated scraper and note purchaser worthwhile, but there is no doubt that the secondary market will become more important and fully automated as the primary has already in the not too distant future.

There are a few funds of different sizes that play in P2P space and invest across consumer and other small business platforms.

Investors - P / Re: "Missing" Funds
« on: March 09, 2015, 10:29:53 AM »
Yep, the payoff in progress and folio trades are basically the times your cash resides in limbo, but it always has come back up to now, so just annoying.

Excellent and useful article, thanks for posting

Investors - LC / Re: High Yield Automtive notes
« on: February 26, 2015, 09:29:36 AM »
would like to learn more as well, is this an ongoing situation for you or just a one time event?

Investors - LC / Re: Recovery payments in API: where do they show
« on: February 24, 2015, 09:50:40 AM »
OK, fair enough, so basically scrape the Account activity webpage to get the recovery amounts, fees and dates and then either append that to a database or compare the values for the charged off notes in question to confirm the value went up.

Makes sense, guess would make sense to also have a separate monitoring job run on the charged off notes to generate alert / reports when the amount changes, and create recovery amounts and timing table this way.

Thanks guys, LC sure doesn't make it easy to collect and analyze key data.

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