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.
Lending Club Loans – Impact of Recent Changes from Random Thoughts – An exploration of the recent underwriting changes at Lending Club and the impact on the lower grade loans.
Is Lending Club Going to Introduce AA Grade Loans? from Nickel Steamroller – Digging around the HTML code on Lending Club’s website Michael from Nickel Steamroller found a provision for AA grade loans.
How a revolution in business lending could transform the British economy from The Telegraph – The co-founder of Funding Circle, the leading peer to business lender in the UK, describes how important p2p lending could be for the UK economy.
Lending Club Update 4Q2012 from Beating Broke – This blogger and Lending Club investor (through the Folio platform) gives an update on his investment.
Funding Circle CEO Takes a Look at 2013 from P2P Lending News – The Funding Circle CEO comments on the recent changes in the UK that should bring a banner year for p2p lending there.
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.
OID Question – Discussion about why Lending Club notes are treated as an Original Issue Discount (OID) by the IRS.
How leery should I be of grace period notes? – At Lending Club should an investor sell notes as soon as they go late.
Math Problem – A Prosper investor wanders why his actual annual return on one note was less than the interest rate of the loan.
Not sure if this has hit anyone’s news alerts yet, but here it is
http://www.businessweek.com/articles/2013-01-20/peer-to-peer-lending-no-longer-just-a-curiosity
Nice piece. Doesn’t really drill into details, but it never hurts to show up on Bloomberg’s radar.
Thanks Walter, I just noticed that piece on Bloomberg tonight. That will be included in next week’s news roundup.