A member of the Lend Academy forum has created a table sharing the annualized rate of return on 36 month loans based on differing charge off scenarios; the table outlines when returns will become negative at varying interest rates which can in turn be compared to interest rates on loans issued by Lending Club; the findings are valuable to investors who are interested in knowing what might happen to their portfolio if defaults were to increase.  Source

 

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LendIt Rings The Nasdaq Opening Bell

LendIt Rings The Nasdaq Opening Bell

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Nasdaq recently invited the LendIt team to ring the opening bell to highlight LendIt USA 2015. Yesterday, co-founders Peter Renton and Jason Jones rang the bell with the support of LendIt staff and investors. This was a very exciting event for all of the LendIt team as anticipation grows for LendIt USA 2015, which will take place in New York City on April 13-15.

Jason and Peter Ring Nasdaq Bell
Co-Founders Peter Renton and Jason Jones.
LendIt Team and Investors
LendIt Team and Investors

Outside, a LendIt branded video was prominently displayed on the Nasdaq screen for all to see. The video highlighted our event, displaying pictures of speakers that will be in attendance at next months event.

LendIt Team Outside Nasdaq
LendIt Team
Larry Summers Nasdaq
Larry Summers – Economist, Former Treasury Secretary
Renaud Laplanche Nasdaq
Renaud Laplanche – CEO Lending Club
RonSuberNasdaq
Ron Suber – President, Prosper Marketplace