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Stepping Away from Lending Club
Mod note: Blast from the Past - "Best of Eddie." This was originally posted in April 2013. It's been awhile since I've done an update on the Lending Club WSO CDO and my Lending Club account in general, so I thought I'd knock one out this week. The fact is, I'm no longer investing with Lending Club...
Google Buys Stake in Lending Club - $1.6 Billion Valuation
Eddie mentioned before that he was stepping away from Lending Club (http://www.wallstreetoasis.com/blog/stepping-away-from-lending-club). One of the factors was looser underwriting / servicing of the borrower. Meanwhile, Google is stepping up with a $1.6 billion...
WSO CDO Update August 2012
A bunch of you have been asking me how the Lending Club thing is going and after I mentioned it in Bonus Bananas a couple weeks ago I got a few more PMs for an update on the WSO CDO so here goes. I'm doing something a little different this time around because I want to show you guys how the note...
Hedge Funds Move into P2P Lending
It's been awhile since I've done a WSO CDO update and a few of you have asked me about it, so when I saw this article about hedge funds and family offices moving into P2P lending with big money I figured it was as good a time as any to do an update. But first, the hedge fund stuff. It's no surprise...
Last Minute WSO CDO Update
Gentlemen, we have officially voted someone off the island. I thought my WSO CDO update earlier this month would be the last one for the year, but then one of our borrowers went sideways and had to get the boot. Since a number of you were curious about how selling notes in the secondary market...
WSO CDO Year End 2011 Update
We're skipping Bonus Bananas this week because I wanted to bring you guys up to date on the year-end results of the Lending Club CDO I set up last year. Lending Club gets a little nervous whenever I write one of these because they believe (correctly) that a portfolio of 10 loans is simply not large...
WSO CDO Quarterly Update: Q2-2011
Our Lending Club CDO had another good quarter without a single late payment (and no defaults, obviously). I've posted the actual results after the jump, but in a nutshell we're making a steady 11.87% and we've collected a little over $14 in interest on our initial $250 investment over the past six...
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