Policy Code 2 & 99 loans, recently covered by Lend Academy, are a set of loans that are reserved for institutional investors. The following data elements were removed recently:
- Interest Rate
- Sub Grade
The interest rate for these loans are now reported as 0.00%. This caused some of the functions on NSR to stop working, namely back testing. This change by Lending Club has zero impact on how ROI is produced in the results. We introduced a fix, but only policy 1 loans are supported for filtering now.
Lending Club continues to publish the loan sizes for policy 2 & 99 loans, and where that data is relevant we will continue to support it.