Recent Posts

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31
Earlier this month I received the last payment of the last 5 year loan in my account (I had 6 of them). I'm now totally out...or I thought I was. My last loan charged off was about 2 years ago. My last recovery was in October of last year. I figured all the recoveries that I was going to get have been received so I was getting ready to close my LC account. Well...I was wrong.

I just got a recovery from a loan whose last payment was in January of 2015 (5 years ago). It was charged off in June of 2015. I wonder what causes an initial recovery payment of such an old charged off loan?

Just wondering who holds the record for an initial recovery payment of an old loan? Anyone start getting recoveries of a loan that was charged off more than 4 1/2 years ago?
32
Introductions / New hard money loan calculator
« Last post by moshon@sbcglobal.net on January 29, 2020, 05:53:12 PM »
Lendersa newest advanced hard money loan calculator is available on http://lendinguniverse.com
33
Almost  4 months and still no updates from LC!

Just talked to them earlier today, they're expecting to be back up in NY "soon" (take that with a grain of salt!) and will email investors when it's done. Hopefully it's not more than a few months.
If they pull through, Iím back on board.
34
Off Topic / New hard money loan calculator
« Last post by moshon@sbcglobal.net on January 28, 2020, 03:25:57 AM »
I invite you to use a new Loan calculator provided by www.Lendersa.com and is excellent for all subprime and hard money loans because it gets data from private investors through loan brokers nationwide.  Please try it and I appreciate any feedback.  It is also available through  www.lendinguniverse.com
Moshon
35
Investors - LC / Re: LC is ending whole-loan note sales next week
« Last post by Fred93 on January 27, 2020, 09:24:54 PM »
Would you happen to know if you can still invest through the API as an institutional investor?

I don't know.  They have a new API for their new marketplace for institutional customers.  They seem to be pushing large customers in that direction. 
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Investors - LC / Re: LC is ending whole-loan note sales next week
« Last post by YoungFred on January 27, 2020, 08:27:54 PM »
Fred,

Would you happen to know if you can still invest through the API as an institutional investor?
37
Off Topic / Re: Cash Parking
« Last post by Fred93 on January 27, 2020, 03:24:56 PM »
Yep, sorry about the ambiguity there. With TreasuryDirect, you have to "type" your password by clicking little buttons on the web page.

Wow.  I haven't seen one of those in maybe 10 years.  That was probably last time the govt web site got an update.

That scheme was intended to mitigate "keystroke grabber" malware.  It failed the convenience test.
38
Off Topic / Re: Cash Parking
« Last post by mrwhizzard on January 27, 2020, 02:58:30 PM »
I believe in this context TD is referring to TreasuryDirect, and not TD Ameritrade.

Yep, sorry about the ambiguity there. With TreasuryDirect, you have to "type" your password by clicking little buttons on the web page.
39
Investing - General (not P2P) / German real estate market in 2020
« Last post by alice_lewis on January 27, 2020, 03:19:32 AM »
Discover what you can expect from the German property market in 2020 here: https://realtybundles.com/blog/the-german-property-market-what-to-expect-in-2020

In this article we look at:
●      Germanyís record-low unemployment rates;
●      House price index forecasts and rent dynamics in the country;
●    How a boom in the labor industry and low-interest rates are affecting housing demand.

Capital at risk
40
Borrowers - LC / Re: Documentation advice?
« Last post by mbboynton on January 25, 2020, 12:08:13 PM »
I found their interest rates very high in comparison to Sofi and LC.  Seems I'll need to get my credit score up to 660+ which is difficult carrying $90k on cards, but I'm almost there, and get the 2019 returns done.  Thanks for the support.
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