Peer to Peer Lending News Roundup – July 20, 2013

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.

National Family Mortgage Achieves $100M in Peer-to-Peer Lending for Real Estate (press release) – The friends and family p2p model for funding mortgages is also experiencing rapid growth.

ThinCats joins forces with P2PFA from Insider Media (UK) – The Peer to Peer Finance Association, comprising of the leading UK companies Zopa, Ratesetter and Funding Circle added Thincats as a member.

Digital finance lending set to hit £1bn from Financial Times (free registration required) – Research report predicts a £1 billion market in the UK for p2p lending by 2016.

First Small Business Loans Successfully Funded from MicroFinancier – Blogger/investor walks us through lending money to small businesses on the Funding Community platform.

Credit Variables Explained: Inquiries in the Last 6 Months from Orchard – Detailed explanation of why number of inquiries is an important variable for p2p investors.

XIRR Magic: Calculating Return for Lending Club and Prosper from LendingMemo – Long time readers know that the XIRR method is my favorite way of calculating real return for investors.

Lee Birkett launches P2P lender from Mortgage Introducer – New P2P Lender launches in the UK targeting the borrowers rejected by Zopa & Ratesetter.

Ex-CFPB Leader Raj Date Rejoins Board of Peer-to-Peer Lender from Bloomberg – Former Prosper board member and ex-deputy director of the Consumer Financial Protection Bureau is back on Prosper’s board.

Lending Club first home from the Daily Sail – The Lending Club sponsored yacht, featuring CEO Renaud Laplanche as one of the nine crew members, wins the Transpacific race from LA to Hawaii.

Revenge of the Installment Loan from AllThingsD – Interesting article by Jeff Crowe, a partner at VC firm Norwest Venture Partners (and Lending Club board member), discussing why disruption is happening now in consumer lending.

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.

Competing with institutional lenders for notes – One of the most highly discussed topics ever on the forum, this is clearly a hot button issue with retail investors today.

Will margin accounts ever come to P2P? – I have never used a margin account and don’t condone this kind of investing but it is an interesting discussion nonetheless.

Auto Investing/ NSRP/ and beating the Institutions – A discussion about NSR Premium and automated investing through the API at Prosper.

  • 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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