Peer to Peer Lending News Roundup – January 18, 2014

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.

Fractional and Whole Loans on LendingClub from Orchard – Are there meaningful differences between the Fractional and Whole Loan pools on Lending Club?

Peer-to-peer lender plans to move into property loans from The Guardian (UK) – In the UK Funding Circle is moving into property loans with a focus on small developers.

China Peer-to-Peer Loan Sites Fail as Fraud Climbs, Xinhua Says from Bloomberg – The unregulated Chinese p2p lending market is experiencing growing pains.

Peer to Peer Lending Automation – The Key to Investing in Lending Club from Peer & Social Lending – Good discussion of the advantages and potential pitfalls of using third party automated tools for Lending Club investors.

After Raising £3.5M Pre-Launch, Lending Works Opens Its P2P Loans Business In UK from Techcrunch – The UK market just got a little more competitive with the launch Lending Works – its focus is on protecting investors from downside risk.

SolarCity’s Acquisition Of Common Assets Is A Game Changer from Seeking Alpha – Elon Musk’s SolarCity just bought John Witchel’s (co-founder of Prosper) company and is going to start a p2p lending operation for solar energy.

The Joy of Redlining: Why I Never Lend Money to Florida from LendingMemo – Statistically Florida loans have performed the worst for Lending Club investors (includes a table with the data).

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.

What’s This “Best Note” Selection Business Anyway? – Really interesting discussion about why we think we can do better than the LC underwriters who are working with more and better data than investors.

>95% off notes – Some people are buying Chapter 7 bankruptcy notes on Folio.

Buyers Market – There are many investors on the forum who believe that buying notes on Folio is the best way to invest in p2p lending.

  • 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.

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