Title:
Post by: Small Fish Big Pond on March 08, 2016, 11:00:00 PM
Post by: Small Fish Big Pond on March 08, 2016, 11:00:00 PM
Anybody notice how few 36 month notes have been available? I noticed today at one point there were no B or lower grades available. This seems to be a downward trend with bower ears having a bigger appetite for 60's. Maybe some of the old timers can share some trends they have experienced?
Title:
Post by: FILTER on March 08, 2016, 11:00:00 PM
Post by: FILTER on March 08, 2016, 11:00:00 PM
Where are the NEW NOTES??? Yes I have noticed:
For the past 3 days, at least for the 2PM and 6PM drops, there were zero notes posted.
Even with High Risk settings/filtering such as:
Monthly Income = $0
Min Length of Emplyment = 0
Inquiries 6 months = 5
Notes: B, C, D, E, F & G
Review Status: Unchecked
Public Records: Unchecked
Collections Excluding Medical = 2+
Notes: 36 mo & 60 month
I would offer that this is intentional to either capitulate to big money, balance spreadsheets, focus associates efforts elsewhere, or to foster/encourage the funding of older notes.
For the past 3 days, at least for the 2PM and 6PM drops, there were zero notes posted.
Even with High Risk settings/filtering such as:
Monthly Income = $0
Min Length of Emplyment = 0
Inquiries 6 months = 5
Notes: B, C, D, E, F & G
Review Status: Unchecked
Public Records: Unchecked
Collections Excluding Medical = 2+
Notes: 36 mo & 60 month
I would offer that this is intentional to either capitulate to big money, balance spreadsheets, focus associates efforts elsewhere, or to foster/encourage the funding of older notes.
Title:
Post by: dompazz on March 08, 2016, 11:00:00 PM
Post by: dompazz on March 08, 2016, 11:00:00 PM
Didn't believe you until I looked. Currently 29 36 month loans available on the platform, all As. The other 1000+ are 60 month loans graded B or lower.
Someone a while back showed data where it looked like LC was smoothing loan issuance around the end of the quarter. I wonder if they are doing that now?
Someone a while back showed data where it looked like LC was smoothing loan issuance around the end of the quarter. I wonder if they are doing that now?
Title:
Post by: hzhou9 on March 08, 2016, 11:00:00 PM
Post by: hzhou9 on March 08, 2016, 11:00:00 PM
Title:
Post by: Booleans on March 09, 2016, 11:00:00 PM
Post by: Booleans on March 09, 2016, 11:00:00 PM
Title:
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Title:
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
6 A.M. loan drop, only 39 new loans, 33 were 36's and 6 60's......
Title:
Post by: fliphusker on March 09, 2016, 11:00:00 PM
Post by: fliphusker on March 09, 2016, 11:00:00 PM
Made my deposit last Friday, was supposed to hit today, but alas tomorrow. Hope this is not a reoccurring week long theme. But under 900 loans on LC site, and only 8 falling into my filter, guess not a big deal anyway. 
Will see if there is a large amount on Friday and Saturday like last week.
Will see if there is a large amount on Friday and Saturday like last week.
Title:
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Looks like a few more dropping on the 10:00 a.m., picked up 12 in the filter for 36.
Title:
Post by: balto21 on March 09, 2016, 11:00:00 PM
Post by: balto21 on March 09, 2016, 11:00:00 PM
Any updates on this?
I went from 6 days to fund based on my filters at NSR and i am not at 10.
I went from 6 days to fund based on my filters at NSR and i am not at 10.
Title:
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Title:
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Yes. A big portion of my buying is 36 month loans. and I have not invested in any loans in 2 days through automatic investing.
When i dont buy loans, the amount of days to use up my funds increases which is why I worded my comment the way that i did...
again today, no loans were invested in. Wondering if everyone else still sees a limit in supply for the 36 month loans.
When i dont buy loans, the amount of days to use up my funds increases which is why I worded my comment the way that i did...
again today, no loans were invested in. Wondering if everyone else still sees a limit in supply for the 36 month loans.
Title:
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Title:
Post by: michael49 on March 09, 2016, 11:00:00 PM
Post by: michael49 on March 09, 2016, 11:00:00 PM
I have multiple portfolios/filters that I alternate between. One of them (my most conservative) is all 36 month B&C notes - I picked up 11 new 36m notes today (all B though).
Title:
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
Post by: TravelingPennies on March 09, 2016, 11:00:00 PM
After reading the above posts its noted that note posting is being controlled or being held in Que.
The 2PM(PST) & 6PM(PST) note drops were only 36 month Notes. Most of the notes posted were submitted: "Loan Submitted": 3/3/16 & 3/4/16 (7 days old).
The 2PM(PST) & 6PM(PST) note drops were only 36 month Notes. Most of the notes posted were submitted: "Loan Submitted": 3/3/16 & 3/4/16 (7 days old).
Title:
Post by: Small Fish Big Pond on March 10, 2016, 11:00:00 PM
Post by: Small Fish Big Pond on March 10, 2016, 11:00:00 PM
Title:
Post by: TravelingPennies on March 10, 2016, 11:00:00 PM
Post by: TravelingPennies on March 10, 2016, 11:00:00 PM
Looks like an improvement of loan drops, 10:00 a.m. picked up 12 notes, also had 5 at the 6:00 a.m. drop.
Title:
Post by: Rob L on March 14, 2016, 11:00:00 PM
Post by: Rob L on March 14, 2016, 11:00:00 PM
Anyone wondering where the 36's were got their answer over the past four days:
Thu 3/10 thru Tue 3/15 and continuing.
Why there was a hiatus who knows, but plenty of listings now.
Thu 3/10 thru Tue 3/15 and continuing.
Why there was a hiatus who knows, but plenty of listings now.
Title:
Post by: dompazz on March 14, 2016, 11:00:00 PM
Post by: dompazz on March 14, 2016, 11:00:00 PM
Title:
Post by: TravelingPennies on March 14, 2016, 11:00:00 PM
Post by: TravelingPennies on March 14, 2016, 11:00:00 PM
Yes they are back, let's chalk it up to an market anomally!
Title:
Post by: tom242 on March 15, 2016, 11:00:00 PM
Post by: tom242 on March 15, 2016, 11:00:00 PM
Many more notes are now "Approved" when they first appear. I believe the dearth of 36 month notes occurred as they transitioned to this new process. I like it. My Committed Cash value is now $450 while it was usually $1000+, and my "Notes Not Issued" are down also.
Title:
Post by: TravelingPennies on March 15, 2016, 11:00:00 PM
Post by: TravelingPennies on March 15, 2016, 11:00:00 PM
Title:
Post by: PhilGD on March 15, 2016, 11:00:00 PM
Post by: PhilGD on March 15, 2016, 11:00:00 PM
What would be the purpose of holding loans until they are approved, though? And why do it with some loans and not with others?
Title:
Post by: TravelingPennies on March 15, 2016, 11:00:00 PM
Post by: TravelingPennies on March 15, 2016, 11:00:00 PM
Title:
Post by: jennrod12 on March 15, 2016, 11:00:00 PM
Post by: jennrod12 on March 15, 2016, 11:00:00 PM
Maybe they were holding the loans back for a different reason and decided to process them for approval while they were waiting.
We're all just guessing!
Jenn
We're all just guessing!
Jenn
Title:
Post by: TravelingPennies on March 16, 2016, 11:00:00 PM
Post by: TravelingPennies on March 16, 2016, 11:00:00 PM
Supply has been unprecedented the past week. I have never invested so much so quickly since I began in 2013.
Back then I was buying A's and B's in addition to the D's and E's that I buy now.
I think LC's interest rate increases in these risky loans has made them much more attractive to me.
Couple more drops and I'll be out of money.
Back then I was buying A's and B's in addition to the D's and E's that I buy now.
I think LC's interest rate increases in these risky loans has made them much more attractive to me.
Couple more drops and I'll be out of money.
Title:
Post by: TravelingPennies on March 17, 2016, 11:00:00 PM
Post by: TravelingPennies on March 17, 2016, 11:00:00 PM
Title:
Post by: rawraw on March 17, 2016, 11:00:00 PM
Post by: rawraw on March 17, 2016, 11:00:00 PM
Title:
Post by: TravelingPennies on March 17, 2016, 11:00:00 PM
Post by: TravelingPennies on March 17, 2016, 11:00:00 PM
Title:
Post by: TravelingPennies on March 17, 2016, 11:00:00 PM
Post by: TravelingPennies on March 17, 2016, 11:00:00 PM
I resisted the temptation to lower my standards and cash just kept building up.
That was okay by me. Now volume's through the roof and I am out of money.
I'm decreasing my note size to enhance diversity. I'll see if I'm able to stay fully invested with $25 notes.
Been buying an awful lot of E's lately; a result of the interest rate increase.
I expect volume to dry up as usual when we get closer to the end of the quarter.
That was okay by me. Now volume's through the roof and I am out of money.
I'm decreasing my note size to enhance diversity. I'll see if I'm able to stay fully invested with $25 notes.
Been buying an awful lot of E's lately; a result of the interest rate increase.
I expect volume to dry up as usual when we get closer to the end of the quarter.
Title:
Post by: dompazz on March 17, 2016, 11:00:00 PM
Post by: dompazz on March 17, 2016, 11:00:00 PM