Peer to Peer Lending News Roundup – June 1, 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.

The Next Evolution In P2P Investing: NSR Premium from Nickel Steamroller – This is the tool that I have been using to invest in Lending Club and Prosper for several months now. It is launching to the public this coming week.

End of the peer show from The Economist – Excellent article about the changing face of p2p lending in this country.

Groundfloor unveils ‘Lending Club for real-estate’ so you can get richer, faster from VentureBeat – Another entrant in the nascent p2p real estate market.

Five Reasons Why People Are Interested In P2P Lending from LendingMemo – Results from a reader survey conducted by Simon of LendingMemo.

Welcome to! – New site for Prosper investors that will allow automated investing.

LendingClub: My Real Money Peer-to-Peer Lending Portfolio from Moolanomy – Blogger shows how he is investing $1,000 in his Lending Club IRA account.

Lending Club doubles down in SoMa from San Francisco Business Times – Lending Club has just taken two more floors in downtown San Francisco, doublings its space.

The CEO of Lending Club to Deliver the Morning Keynote at LendIt 2013 (press release) – Renaud Laplanche will be delivering the morning keynote at Lendit about the impact of online lending on the US banking system.

Peer-to-peer lending: Bypassing the banks from FT Advisor (UK) – Detailed look at the state of p2p lending and crowdfunding in the UK.

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.

Do loans for business purposes always get very high rates? – Seems that there are no A-grade business loans any more on Lending Club.

Whole Loan Program – Fair or Not? – Discussion of the fairness of the whole loan program at Prosper.

Disclosing LC password to a 3rd party site and worst case hypothetical – Very active discussion about the potential perils of giving your password out to third party sites.

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Dan B
Dan B
Jun. 3, 2013 6:40 am

The Economist article contains this eyebrow raising part………..”Stephan Vermut reckons that the social aspect to the site encourages higher repayment rates”. Hmm, Interesting. 🙂

Jun. 4, 2013 5:02 pm
Reply to  Peter Renton

I don’t know what “hard to disprove” means, but, back when “Friends” could bid on loans, at Prosper, the repayment performance correlated with a Friend buying into another Friend’s loan was quite impressive… This was before your time, though…