Author Topic: Please explain the loan volume at LC.  (Read 11941 times)

Half Right

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Re: Please explain the loan volume at LC.
« Reply #15 on: October 18, 2015, 04:52:16 PM »
The only solution i see so as to reduce the cash drag is to increase the investment per note

Emmanuel

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Re: Please explain the loan volume at LC.
« Reply #16 on: October 19, 2015, 11:07:35 AM »
The only solution i see so as to reduce the cash drag is to increase the investment per note

One can also be temporarily less picky and select more loans (ok, not that satisfying) or buy notes on the secondary market.

Fred93

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Re: Please explain the loan volume at LC.
« Reply #17 on: October 19, 2015, 02:01:44 PM »
10/19/15 06:00:00.7  LC Download 382 new loans
10/19/15 06:00:00.7  LC Batch size: $806,825f   $5,087,525w

10/19/15 10:00:01.3  LC Download 563 new loans
10/19/15 10:00:01.3  LC Batch size: $2,691,900f   $6,266,125w

Fractional loans were 13.7%  and 30.0% respectively.   So we're now back to 30% !

Don't know why.  Could be that they heavily emphasized whole for a few days to accommodate one large customer who was throwing in a lot of money.  Alternately, the guy at the knob really wanted it at 10%, and enough fractional guys made noise that he twisted it back.

lascott

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Re: Please explain the loan volume at LC.
« Reply #18 on: October 19, 2015, 03:15:17 PM »
<snip>  Alternately, the guy at the knob really wanted it at 10%, and enough fractional guys made noise that he twisted it back.
I got an email "We would love your feedback!" with a survey link today.  I let them know I was not very please with their inconsistent method of dialing notes down/up for retail investors.
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Re: Please explain the loan volume at LC.
« Reply #19 on: October 19, 2015, 04:25:44 PM »
Thanks Fred93 for posting this Download data. Itís good to see the guy at the knob turn it back towards the fractional investors keeping it somewhat fair and in accordance with the specified process Ė Thanks. 

Being less picky is difficult enough to buy notes that are less likely to default.  Buying more notes on the secondary market is an alternate idea but, Big Money or whole loan investors have the same option. Itís possible that some whole loan investors have thought of that?

Thanks to all for input/data.

lascott

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Re: Please explain the loan volume at LC.
« Reply #20 on: October 24, 2015, 05:27:12 PM »
So tell me this is not one of the wierdest note additions ... I've don't recall such a gentle and long increase.

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PhilGD

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Re: Please explain the loan volume at LC.
« Reply #21 on: October 24, 2015, 07:01:13 PM »
lascott, your chart shows that LC continuously released new loans between 2:00 am and 2:00 pm instead of waiting for the 9:00 am drop time and subsequent 4-hr increments. Is that truly what's been happening?

Fred93

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Re: Please explain the loan volume at LC.
« Reply #22 on: October 24, 2015, 07:35:17 PM »
I think you're reading the chart wrong. 

The typical chart package will INTERPOLATE when data is missing.  It usually does this with a straight line.  Looks to me like the software that gathers that data was offline for awhile, and the software simply drew a straight line in between two points.

jheizer

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Re: Please explain the loan volume at LC.
« Reply #23 on: October 24, 2015, 08:05:38 PM »
Yeah I just checked my logs and they look like it always does.
Replacement to P2P Quant's Percentile Tool http://lc.geekminute.com

lascott

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Re: Please explain the loan volume at LC.
« Reply #24 on: October 24, 2015, 11:59:22 PM »
I think you're reading the chart wrong. 

The typical chart package will INTERPOLATE when data is missing.  It usually does this with a straight line.  Looks to me like the software that gathers that data was offline for awhile, and the software simply drew a straight line in between two points.
Sorry folks. I just drew a straight line in and I can see I saw a curve in stead of a straight line earlier.
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Re: Please explain the loan volume at LC.
« Reply #25 on: October 29, 2015, 06:34:16 PM »
Where did all the notes go again?  The last few days, the volume of notes has dropped substantially again.  The last drop of notes, newly posted notes indicated 12 days remaining vice 13 days.  Even with very relaxed filters has yielded very low numbers.

Is the guy at the knob turning it back towards institutional investors? Is LC adjusting its balance sheets or modulating itís statistics for the end of the month?
Are we playing the end of the month games now plus the end of the quarter games?

Answer: We have simply ran out of Borrowers.... that's it!!

Rob L

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Re: Please explain the loan volume at LC.
« Reply #26 on: October 29, 2015, 07:24:34 PM »
I agree, the loan releases have been extremely small and sometimes none at all. Even "erratic".
Guess I've been thinking they've been working on the platform and it's caused some disruptions.
Admittedly a wild guess though.

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Re: Please explain the loan volume at LC.
« Reply #27 on: October 29, 2015, 08:14:10 PM »
I strongly believe the unique things we see are very Intentional.  Another example, a few days ago, relaxed filter netted approximately 12 notes and they were all 60 month, no 36 months, Iíve never seen that.  Plus the last drop of notes in my filter had 12 days remaining vice 13 days Ė notes being held in que or being directed to institutional investors?  This is very similar to the end of the 3rd quarter.

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Re: Please explain the loan volume at LC.
« Reply #28 on: October 30, 2015, 02:31:56 AM »
Much Thanks to the associate controlling the dial on the last note drop!!!

brloans

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Re: Please explain the loan volume at LC.
« Reply #29 on: October 30, 2015, 09:54:35 AM »
Hello, this is my first time writing here at LendAcademy. I ran the numbers with the downloadable data from LC's website and as of the 2Q, the fractional bucket received 42.5% of the loans. Now YTD as of 3Q the fractional bucket went down to 39.3% ($1.75bi fractional and $2.7bi whole).

The fractional or whole loan information is found on column AJ of the excel files.