Lend Academy shares information related to filing taxes with LendingClub and Prosper for the 2017 tax year. Source
Both Marlette and LendingClub now have their own securitization platforms which has broadened their investor base; Sid Jajodia, chief investment officer at LendingClub spoke at the Structured Finance Industry Group’s conference in Las Vegas this week and discussed the importance of brining LendingClub’s loans in-house; he also spoke about their new whole-loan structured product announced in December as well as changes that might make sense for the company in the future; Karan Mehta, head of capital markets for Marlette discussed changes they are making to their whole-loan program. Source
It is earnings season and today LendingClub announced their Q4 2017 earnings. Last week we covered OnDeck’s Q4 results as...
[Disclaimer: I am not an accountant nor am I qualified to provide tax advice. You should seek professional advice before...
Lend Academy reviews LendingClub's Investor Day and shares the most interesting developments including a new “Exchange Traded Partnership”, details on direct payoff loans and new features of their auto finance product. Source
[Disclaimer: I am not an accountant nor am I qualified to provide tax advice. You should seek professional advice before...
LendingClub grew revenue and announced settlements in two class action lawsuits. Source
There are unique tax implications when it comes to investing in marketplace lending and investors should consider investing through an IRA; LendingClub is currently offering a bonus for IRA investments and is working with a new preferred custodian. Source
The Financial Times reviews company and loan performance at various online lenders; shares that Shanda Group bought more shares of LendingClub after forecasts were adjusted last week; LendingClub also recently stopped making F & G grade loans available to investors; broadly, delinquency rates have increased across online lenders; valuations of other companies such as Earnest and Prosper have also been affected. Source
Lend Academy shares several companies who have announced major origination milestones across small business lending and real estate; included in the list is Kabbage, LendingHome, Funding Circle and LendingClub. Source