During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.
Startups And The Un-Banking Of America from Techcrunch – Good article by Rebecca Lynn, a Lending Club board member, about the changing face of financial services and the role of new companies like Lending Club and Prosper.
Mad Rush at Lending Club Loan Release Time: Part IV – Interest Rate with Time to Fund from PeerCube – The fourth part in the series analyzing the differences between loans at Lending Club based on how quickly they are funded.
P2P-Picks Adds Prosper Publications! from P2P-Picks – The popular loan picking service has been exclusively for Lending Club loans until now.
Borrower Stated Occupation from Orchard - Analysis of Prosper borrower occupation and their loan performance.
Groundbreaking Partnerships Galore for Funding Circle from AltFi – After recently announcing an alliance with large bank Santander, Funding Circle is now teaming up with Glasgow City Council in Scotland.
Pivoting Prosper into a $ billion marketplace lender from This Week in Crowdfunding – Great interview with Ron Suber, president of Prosper, about their recent growth and the state of the industry.
Kerry Stokes teams up with James Packer and Lachlan Murdoch for stake in SocietyOne – The leading business people in Australia are eyeing SocietyOne for an investment.
Predicting Returns for Ongoing Loans from LendingRobot - Detailed statistical analysis of predicting returns for existing p2p loans at Lending Club.
Lending Club IPO a boon for online loan startups from San Jose Mercury News – More coverage of the upcoming Lending Club IPO.
From the Lend Academy Forum
The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.
How long are loans “In Funding” – New investor wonders why some loans take so long before they are issued.
Prosper as a cash or CD proxy – Advice requested – Another new investor wants to know what other investors think about putting together a conservative portfolio of p2p loans.
Correlation between dropping credit scores and defaults – Good discussion of changing credit scores and the increased likelihood of default.