Author Topic: Folio API stopped working since yesterday  (Read 1428 times)

Ran

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Folio API stopped working since yesterday
« on: March 29, 2020, 10:27:08 AM »
Anyone seeing this issue since 3/28? Getting "The remote server returned an error: (403) Forbidden." error when trying to get the list from https://api.lendingclub.com/api/investor/v1/secondarymarket/listings?updatedSince=60

Fred93

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Re: Folio API stopped working since yesterday
« Reply #1 on: March 29, 2020, 11:16:58 AM »
Me too.  Glad to know I'm not the only one.

kaw

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Re: Folio API stopped working since yesterday
« Reply #2 on: March 29, 2020, 11:18:17 AM »
Same here.

kaw

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Re: Folio API stopped working since yesterday
« Reply #3 on: March 29, 2020, 11:20:22 AM »
Has anyone contacted LendingClub or Folio? I know it's a weekend. Maybe they'll just reboot on Monday morning.

Roux

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Re: Folio API stopped working since yesterday
« Reply #4 on: March 29, 2020, 08:19:21 PM »
Same here. Liquid has not bought any Folio notes since noon on the 28th.
« Last Edit: March 29, 2020, 08:25:31 PM by Roux »

Fred93

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Re: Folio API stopped working since yesterday
« Reply #5 on: March 30, 2020, 03:30:58 PM »
They haven't fixed it yet.  Huh.  Must be real high priority.

jheizer

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Re: Folio API stopped working since yesterday
« Reply #6 on: March 30, 2020, 03:39:26 PM »
:( annoying.  Glad I saw this or I still would have been dropping prices not know the API is down so why there are no buyers.
Replacement to P2P Quant's Percentile Tool http://lc.geekminute.com

Rob L

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Re: Folio API stopped working since yesterday
« Reply #7 on: March 30, 2020, 05:46:25 PM »
Regarding LC I've become a well known perma-cynic. They have never been transparent on these things.

LC Folio could go the Prosper way for all we know.
Why is it thought the API is down by fault rather than intent and why think it will be restored? They have so much bigger fish to fry.

They just bought a bank before banks crashed. My uninformed speculation is they must have vastly overpaid as compared to today's valuations.
Can they get out of the deal or renegotiate? Their idea was good but massively overtaken by events (extremely unfortunate and not of their making).

My theory is not backed up with any financial / balance sheet analysis at all and may be totally off base.
Anybody who has a better ground truth, or at least an opinion with some numerical analysis, please set me straight.

Roux

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Re: Folio API stopped working since yesterday
« Reply #8 on: March 31, 2020, 08:44:52 AM »
Liquid started buying again on Folio again at approximately 6:30 Sunday evening.
« Last Edit: March 31, 2020, 08:49:20 AM by Roux »

Rob L

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Re: Folio API stopped working since yesterday
« Reply #9 on: March 31, 2020, 10:26:48 AM »
Liquid started buying again on Folio again at approximately 6:30 Sunday evening.

I guess my "Announcement of Folio's death was greatly exaggerated". :)

Ran

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Re: Folio API stopped working since yesterday
« Reply #10 on: March 31, 2020, 11:24:45 AM »
I take is that as long as 1% fee can fairly compensate Folio without sizable subsidize from LC, LC will leave Folio the way it is. But zero improvements/enhancements
Liquid started buying again on Folio again at approximately 6:30 Sunday evening.

I guess my "Announcement of Folio's death was greatly exaggerated". :)

jrl

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Re: Folio API stopped working since yesterday
« Reply #11 on: April 01, 2020, 02:37:42 PM »
Regarding LC I've become a well known perma-cynic. They have never been transparent on these things.

LC Folio could go the Prosper way for all we know.
Why is it thought the API is down by fault rather than intent and why think it will be restored? They have so much bigger fish to fry.

They just bought a bank before banks crashed. My uninformed speculation is they must have vastly overpaid as compared to today's valuations.
Can they get out of the deal or renegotiate? Their idea was good but massively overtaken by events (extremely unfortunate and not of their making).

My theory is not backed up with any financial / balance sheet analysis at all and may be totally off base.
Anybody who has a better ground truth, or at least an opinion with some numerical analysis, please set me straight.

AFAIK the bank they bought wasn't heavily invested in risky derivative assets like the major multi-national banks. Assuming it's just a normal bank with mortgages and small business loans, they should be doing fine.

Fred93

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Re: Folio API stopped working since yesterday
« Reply #12 on: April 01, 2020, 04:18:41 PM »
AFAIK the bank they bought wasn't heavily invested in risky derivative assets like the major multi-national banks. Assuming it's just a normal bank with mortgages and small business loans, they should be doing fine.

Is the sale done, or is it waiting for regulatory approval?  Right about now I'd be thinking about renegotiating the price!