Peer to Peer Lending News Roundup – July 27, 2013

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.

Credit Variables Explained – Loan Purpose from Orchard – The second article on Orchard’s series on credit variables – this one on loan purpose is easy to understand.

Lending Club And Prosper Update (July 2013) from Investor Junkie – Long time blogger and p2p investor shares his latest thoughts on his Lending Club and Prosper investments.

Why peer-to-peer lending remains inherently unsafe from Financial Times (free registration required) – A contrarian view of p2p lending and why it is a bad idea for investors.

Response to the above article on the Zopa forum from Wiseclerk – Wiseclerk refutes five of the main points from the Financial Times article.

Why loan filters alone can lead to bad investment decisions from Peer Lending Advisors – An argument for taking the time to read the loan titles and descriptions.

What To Do With Your Bond Portfolio Now by Neal Frankle in Forbes – The conundrum for bond investors (of course you could always sell your bond investments and invest the proceeds into p2p lending).

LendIt Conference Recap from Orchard – Excellent recap of last month’s LendIt Conference and probably the last word on the 2013 event.

Risk and reward in the p2p revolution from Financial Times – A different writer from the first article at the Financial Times ponders what a world without banks would look like.

Is consumer credit the “Holy Grail” of lower volatility and higher returns? from Hedge Fund Intelligence – This fund manager says that the unsecured consumer credit market has provided consistent returns for decades.

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.

First loan to make a payment, pays in full – This new Lending Club investors finds out the little problem with some loans that pay off on the first payment.

Non issued loans are wasting my time – Sometimes loans can sit for days or even weeks in funding and then they are canceled.

Faster Picks – The increased volume of institutional investors using the API to invest has caused some changes for P2P-Picks.com.