Archive for April, 2008

Credit Score Advice from a Mortgage Lender: Mortgage Refinancing Experience

New here? You may want to subscribe to the RSS feed or browse the site map. Thanks!This is the second post in a series on my recent experience applying for mortgage refinancing.
While applying for mortgage refinancing, I asked the loan officer for credit score wisdom based on her experience. I knew most of […]

Poll: Will Lending Club Survive the Quiet Period?

Quick poll for your thoughts: Do you believe that Lending Club will survive the quiet period.

Will Lending Club Survive the Quiet Period?

Yes

No

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Please take a minute to mention the reason(s) why or why not in the comments. Thanks.

Change in Lending Club Cash Burn Rate Due to Quiet Period

Lending Club has gone quiet and is no longer allowing lenders to lend, but borrowers can still borrow money according to their email notice. Those loans will be funded by Lending Club. From the email notice:
The borrowing side of our site will remain generally unaffected by this registration process; borrowers can continue to […]

Lending Club, Prosper.com, and more: P2P Lending News Roundup

P2P Lending has been in the mainstream media news a great deal lately. I decided to post a roundup of many of the recent news articles on Prosper.com, Lending Club, Zopa, GlobeFunder, and Virgin Money. It is unfortunate that Lending Club entered a quiet period just as they were gaining tremendous growth in […]

More Lending Club Quiet Period Announcement Links

This extends my posting on the blog roundup of Lending Club quiet period postings…
HollowOak asks: “How far behind is Prosper? Or do they get kudos for having started the SEC filing months ago?”
Lazy Man and Money is calling Lending Club dead:
I have been worked for a number of start-up companies and they had one thing […]

Lending Club Quiet Period Announcement: A Blog RoundUp

I have already commented on Lending Club’s quiet period and referral program suspension. I decided to check other blogs to see what they have to say on the email notice that went out today. Since I was reading everything anyway, I decided to post links and a few quotes to everything that I could […]

Lending Club Referral Program is Currently Dead…

Due to the Lending Club quiet period, the Lending Club referral program has ended. The program was a good one — I earned over $300 in referral fees through this website by blogging about my experience creating a portfolio, creating a video, gathering advice for new lenders, the inception of the referral program and […]

Lending Club Quiet Period: Is a Secondary Loan Market Coming?

Lending Club sent an email today that first surprised me because a quick reading of a few details sound rather ominous. However, if you read past the “you can withdraw uncommitted funds” sections of the email, or rather stick to the important stuff in the first paragraph, this email exciting news for P2P lending. […]

P2P Borrowers Waste Time and Money with Early Payoffs

So far all my Prosper.com and Lending Club loans are current. I would be annoyed with loan defaults, but currently the number of borrowers who pay the loan in a month or less is starting to bother me. Why does a borrower bother to take out a loan for one month?
Here […]