• Subscribe
  • Contact Us
  • About LendIt Fintech News
  • Home
  • Menu Item
  • Menu Item
  • Menu Item
  • Menu Item

Lend Academy

LendIt Fintech News: Daily Coverage of Fintech & Online Lending


  • Editorial
  • Daily News
  • Podcast
  • Investor Forum
  • Events

Roundup of Social Lending News – November 19, 2011

November 19, 2011 By Peter Renton 6 Comments

Views: 2

Every Saturday I bring you the latest news from the world of peer to peer lending. These are the best of the news articles and blog posts from around the web that I shared on Twitter this past week.

Not a whole lot to report on this week as far as news goes. But the Reuters blog post below is definitely worth reading. It was written by Don Tapscott, the renowned Canadian author and academic, and he takes a look at the where p2p lending is now and where it may be headed. Have a great weekend.

Reuters | The Great Debate – Cutting out the banker middleman

Lending Club Experience – Four Months and Seven Deadbeats

Xintendo – The Important Things I Learned from Investing in P2P Lending

Peerform blog – Could Peer-to-Peer Small Business Loans Be The Newest Driver in Job Creation?

CityWire Money (UK) – Peer-to-peer lending: a replacement for banks?

Riches Corner – My Lending Club Investment Performance

Filed Under: News

Views: 2

Comments

  1. Marc says

    November 21, 2011 at 11:47 am

    Thanks for posting my Seven Deadbeats post. I think anyone looking at my earlier posts without looking at this one is not getting the whole story. My luck has run out and now I get to handle dealing with Late loans. This is where the real fun begins.

    Thanks.

    Reply
  2. Peter Renton says

    November 21, 2011 at 12:06 pm

    @Marc, You are welcome. I have linked to many of your other posts in these news roundups so readers may well be aware of your previous posts. I have said many times that if you are investing in a significant number of loans (more than 100) you will eventually get late loans unless you are very lucky.

    Reply
  3. Mike says

    November 21, 2011 at 1:16 pm

    I wonder who has the most number of loans without any lates or defaults out there…

    Reply
  4. Charlie H says

    November 21, 2011 at 2:09 pm

    @Mike

    If you sell the notes then they go into grace it will look like you have no lates or defaults…. The NAV does not take into account Foli trades.

    Reply
  5. Richard says

    November 22, 2011 at 6:35 am

    Hi Peter,
    Thanks for posting my post about my lending club investment performance. I hope my experience provides a good overview for the readers about the investment potential of social lending. I’ll keep updating my performance as I add more loans to my portfolio. I’d like to see how everything keeps up as I get closer to investing a significant number of loans.

    Reply
  6. Peter Renton says

    November 22, 2011 at 9:51 am

    @Mike, That would be interesting to find out. One of the best I have seen is Clemclan on Prosper. They have 346 loans with an average age of 12 months and just 1 default. But they are about to have a few more defaults I suspect:
    http://www.lendstats.com/loansearch/loanfilter.php?sdy=2009&size1=1000&size2=25000&ho1=1&ho0=1&incall=1&empall=1&lpall=1&trmall=1&rh2=0&lender=clemclan&type=lender

    @Charlie, That is very true on Lending Club there may be many investors with no defaults. Because if you are willing to take a big discount on your loan then you can easily offload them on Folio. This is not the case on Prosper because you can only sell current loans on Folio there.

    @Richard, You’re welcome. I look forward to seeing your progress.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Lend News Ad

Investor Intelligence

Peter Renton's Returns

Investor Forum

Lending Club Review

Prosper Review

Investor Resources

Most Popular Editorials

The Pure Marketplace Lending Model is Dead, the Hybrid Takes its Place

The 2018 Lending Club and Prosper Tax Guide

My Returns at Lending Club and Prosper

Map of Available States for Lending Club and Prosper Investors

Banks and Marketplace Lending Platforms: Ideal Partners?

Subscribe to the Podcast

Subscribe to the Lend Academy Podcast on iTunes
Subscribe to the Lend Academy Podcast
List of Podcast Episodes

Archives

Follow @LendAcademy Follow @LendIt

ABOUT LENDIT FINTECH NEWS

LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

We are a team of fintech enthusiasts who have been covering the industry for many years. With a deep knowledge of online lending, digital banking, blockchain, artificial intelligence and more our team covers the daily news and writes in-depth editorials.

Recent Editorials

  • Marketplace Lending News Roundup – February 16, 2019
  • Podcast 187: Nima Ghamsari of Blend
  • Well Fargo Outage Points to Opportunity in Digital Banking
  • OnDeck Q4 2018 Earnings Review
  • Marketplace Lending News Roundup – February 9, 2019

Copyright © 2019 Lend Academy · Privacy/GDPR Policy · Cookie Policy · Terms · Disclaimer