I’ve added RSS loan feeds for Prosper and Lending Club to Nickel Steamroller. I’ve also integrated the feed link directly into the Lending Club return analysis utility. When you find a loan selection you like, go ahead and add the link to your favorite feed
Think sorting by yield-to-maturity (YTM) is the best way to find deals on the Lending Club secondary market? Think again. This scenario reminds of the people who try to over charge for shipping on eBay.
The new chart, rolling ROI (http://www.nickelsteamroller.com/chart_lendingclub#total_loan_roi) shows that Lending Club’s ROI dropped last month, and it had nothing to do with default rates. In September, when the equities market were erratic, a lot of people with a lot of money went to Lending Club and
When I initially designed the database that would house all of Lending Club’s data on Nickel Steamroller I had assumed the current policy flag on the loan export data meant the loan did not meet the current underwriting practices. As a result, I had taken