Recent Default Rates Influenced by Two Sectors

We’ve seen a rise in default rates across asset classes, whether you’re talking about P2P lending, stocks, or bonds. The bulk of it is attributed to the Energy and Materials sectors. Specifically, oil prices have undergone a massive fall in pricing due to...

Direct Pay Loans

On December 28th, Lending Club sent investors an e-mail regarding a brand new segment of loans. The new segment is called “Direct Pay Loan.” This new segment will guarantee a portion of the loan to go directly to the borrower’s creditor to refinance....

2015 – A Big Year for Eligible Investor States

Lending Club opened 14 new states to retail investors in 2015, which made the platform available to over 92 million Americans (+29% of the U.S. population). The biggest states were Texas and Michigan. This was in the works since the company went IPO in late 2014,...

Lending Club Raises Interest Rates by 0.25%

Lending Club increased interest rates just days after the Fed raised the Fed Funds rate by 0.25%, being one of the first in the industry to do so. However, an environment with interest rate hikes is foreign to P2P investors and many of us have questions on its...

LendingClub Moving Office Across the Street

The latest SEC 8K filing reports that LendingClub is soon to move out of its current San Francisco, CA office space in Stevenson St. and in to a new building across the street on Market St. We suspect this is to accommodate the increasing size of their team as...