Peer to Peer Lending News Roundup – December 22, 2012

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

Peer-to-peer lending boom could make banks obsolete from The Independent (UK) – The money quote from a director at the Bank of England (equivalent of the U.S. Federal Reserve): “The banking middlemen may in time become surplus links in the chain.”

Lending Club Borrower’s Home Ownership and Loan Characteristics, Part I from Random Thoughts – A look at home ownership vs rent vs mortgage with respect to total loan amount, average loan amount and loan volume.

Using Credit Karma to Tune P2P Lending Filters from Nickel Steamroller – What investors and borrowers can learn from a credit monitoring service.

IS LENDING CLUB STARTING TO RUN OUT OF RISKIER NOTES? from P2P Analytics – While I wouldn’t say they are running out but Lending Club has had a noticeable shift in the total number of high risk loans available in recent weeks.

Peer-to-peer lending is the best response to the banking crash from Financial Reporter (UK) – Short article describing how the UK p2p lenders do a better job of handling risk than the big banks.

The Top Five Financial Technology Companies of 2012 from Forbes – The news keeps getting better for Lending Club as they are named one of the top five FinTech companies of 2012 by Forbes.

Anthony Hilton: Peer-to-peer lending is here to stay from London Evening Standard (UK) – Prominent British financial journalist weighs in on p2p lending.

How to Invest When You Have Mortgage Debt from Ross Asset Advisors – I am usually not a fan of leverage but with today’s low interest mortgage interest rates and much higher p2p lending returns it may be worth considering for some people.

Summers’ post to Lending Club board sign of banking apocalypse from Bankless Times – An interesting article on the Summers appointment and what it might mean for the future of banking.

Lending Club Borrower’s Home Ownership and Loan Characteristics, Part II from Random Thoughts – A look at more loan parameters and how they change with home ownership vs rent vs mortgage.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.

Do you see more late notes during the holidays – There seems to be a few more loans than usual going late this month, is the Holiday Season to blame?

FMV of distressed notes – interesting discussion on the fair market value of notes that go late.

Annoyed by erratic payments – If you are wondering why your Prosper account has received no payments the last few days we have you covered here.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.