Lend Academy shares information related to filing taxes with LendingClub and Prosper for the 2017 tax year. Source
Banks make up nearly 50% of LendingClub’s platform as originations grow 18% year over year; originations were $2.3 billion for...
LendingClub grew revenue and announced settlements in two class action lawsuits. Source
Lend Academy shares several companies who have announced major origination milestones across small business lending and real estate; included in the list is Kabbage, LendingHome, Funding Circle and LendingClub. Source
Lend Academy reviews LendingClub's Investor Day and shares the most interesting developments including a new “Exchange Traded Partnership”, details on direct payoff loans and new features of their auto finance product. Source
Last week LendingClub closed a whole loan transaction structured as a tradable, pass-through security called a CLUB Certificate; Lend Academy reached out to LendingClub to find out more and shares what benefits this structure has for some investors. Source
Yesterday LendingClub released their Q3 earnings; they originated $2.44 billion in loans, up 14% from the previous quarter; revenue was on the lower end of projections, but the company had a lower GAAP loss than expected; Lend Academy shares other highlights from the earnings call. Source
Peter Renton shares returns from his marketplace lending portfolio as of Q3 2017; overall returns for Renton’s portfolio was 6.64%; declining performance in the portfolio is primarily due to LendingClub loans; new additions to his portfolio for the quarter include AlphaFlow, Money360 and YieldStreet. Source
LendingClub has recently updated the way users can setup automated investing within their account; Lend Academy’s post and accompanying video...
There are unique tax implications when it comes to investing in marketplace lending and investors should consider investing through an IRA; LendingClub is currently offering a bonus for IRA investments and is working with a new preferred custodian. Source