Author Topic: Wierd goings on at LC  (Read 21798 times)

lascott

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Re: Wierd goings on at LC
« Reply #45 on: July 01, 2015, 10:12:35 AM »
Damn it.  I log all the available grade count continuously but I left the stupid file open so it wasn't able to log over night/yesterday.  If someone else does similar I'd be curious to hear if a whole ton disappear at the same time or what.
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« Last Edit: July 01, 2015, 12:34:57 PM by lascott »
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jheizer

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Re: Wierd goings on at LC
« Reply #46 on: July 01, 2015, 10:56:52 AM »
Thanks lascott.  It is almost like some institutional place came into work at 5am of a new quarter and hit the start buying again button.
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BruiserB

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Re: Wierd goings on at LC
« Reply #47 on: July 01, 2015, 11:13:36 AM »
Whoever bought them also seemed to favor the loans that had been listed the longest and were about to expire.  Yesterday there were a lot of loans that were 1 day from expiration.  Today another day has passed and the oldest notes available are 2 days from expiring...and there are only a few of those.  So it's not like the big buyer came in and ran a filter and picked up the "best" notes from all available....they seem to have bought the remainder of the oldest notes.

Randawl

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Re: Wierd goings on at LC
« Reply #48 on: July 01, 2015, 12:05:51 PM »
LC used to fund loans themselves that were about to expire and did so quite frequently a few years ago before investor demand really picked up.  That got me thinking since you mentioned that it seems to have been the oldest ones.

jheizer

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Re: Wierd goings on at LC
« Reply #49 on: July 01, 2015, 12:10:07 PM »
Or they offer someone a deal now to fill that roll.  No fees, etc.
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Fred93

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Re: Wierd goings on at LC
« Reply #50 on: July 01, 2015, 01:12:27 PM »
I'm assuming/hoping that the complete lack of new notes is something that Lending Club is doing to shore up their books at the end of the quarter and that they'll release more notes tomorrow. 

There are lots of new loans.  They are simply mostly going to the whole loan market right now.  For example, at 10AM this morning, 1000 new loans appeared.  90% went to the whole loan market.

My guess is that they had this funny event a few days ago where huge #s of loans went to the fractional market, and now some guy there is trying to compensate by sending most loans to the whole market for a few days.

The guy holding that knob needs to "settle down", drink some herbal tea, put on some relaxing music.

lascott

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Re: Wierd goings on at LC
« Reply #51 on: July 02, 2015, 12:33:40 AM »
My how things have changed.

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lascott

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Re: Wierd goings on at LC
« Reply #52 on: July 14, 2015, 12:13:00 AM »
Wow some hungry "retail" investors out there.

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BruiserB

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Re: Wierd goings on at LC
« Reply #53 on: July 14, 2015, 01:36:16 PM »
They've been releasing about 400 loans with each drop the last few days....I hope this keeps up as I will soon be depositing additional funds in my account.  Just my luck, this will dry up once my funds hit!

lascott

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Re: Wierd goings on at LC
« Reply #54 on: July 27, 2015, 10:26:12 AM »
BlueVestment 3 month graph.  20-40 loans per drop lately.  Hopefully it'll pick up in early August. Jul 16 + 14 days = July 30. 14 days = 1st batch "expires" (LC buys if noone else does?)

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BruiserB

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Re: Wierd goings on at LC
« Reply #55 on: July 27, 2015, 11:37:44 AM »
BlueVestment 3 month graph.  20-40 loans per drop lately.  Hopefully it'll pick up in early August. Jul 16 + 14 days = July 30. 14 days = 1st batch "expires" (LC buys if noone else does?)

Image: http://i.imgur.com/qQo2hBd.png


As expected, my recently deposited funds finally cleared and became available just as the supply of loans dried up!  :-(