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News RoundupOnline LendingUSA
·Aug. 9, 2017

LendingClub’s CIO Provides Platform Update

Blog post outlines platform performance and improving delinquency rates across most grades and terms; provides perspective on the economic backdrop and interest rates; the company has updated their loss forecasts; projected returns are similar to last quarter with small increases for grades F and G. Source

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Regulation
·Aug. 6, 2012

You Can’t Find Lending Club on the SEC Website

As you may know every loan on both Lending Club and Prosper is a security that is registered with the...
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FinanceNews RoundupOnline LendingUSA
·Nov. 30, 2016

LendingClub Gets Securitization Rating from Kroll Bond Rating Agency

Kroll Bond Rating Agency has assigned preliminary ratings to a LendingClub securitization portfolio; the loan securitization, LendingClub Issuance Trust, Series 2016-NP2 (LCIT 2016-NP2), is valued at $101.75 million and includes two classes of notes with LendingClub consumer loans; the class A tranche which accounts for 84% of the deal at $85.3 million, is rated BBB; the class B tranche accounts for 16% at $16.4 million and is rated BB+.  Source

 

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News Roundup
·Apr. 24, 2012

The Difference Between a Default and a Charge-off at Lending Club

If you have a well diversified p2p lending portfolio then defaults are annoying but they are unlikely to do too...
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