January 21st, 2013 – Large surge in Lending Club note availability. New chart added.

Over the past week, there has been a large surge in the availability of A,B,C and even D grade notes on Lending Club. Although E,F and G grade notes have also seen increased note availability, the surge in these grades has been more muted than in the other grades. See the charts below for more detail. Note: These charts were started in November of 2012.

Could this recent surge be in part due to the new (and more forgiving) credit criteria at Lending Club? The new lending criteria can be found in the November 2012 prospectus.

A new daily chart has been added to the public charting section: Average time in funding.The purpose of this chart is to show the average time in funding for the different note grades on Lending Club. With this knowledge, investors can generally estimate how much time they have to invest after any one particular note is listed (based on its grade).

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One Response to “January 21st, 2013 – Large surge in Lending Club note availability. New chart added.”

  1. [...] slow down in loan origination seems to be fixing itself as well.  My guess is there is a likely 3-4 month lag in loan origination -> FolioFN loan [...]

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