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National Family Mortgage, a smaller peer-to-peer lending company that focuses person-to-person mortgages, has reached $20 million in loan volume. Here’s the press release: BOSTON, MA, Feb 01, 2012 (MARKETWIRE via COMTEX) — National Family Mortgage, America’s premier peer-to-peer lending solution for home loans between relatives, today announced that it has passed $20 million in total [...]

Prosper and Lending Club facilitated a total of $40.5 million in loans between borrowers and investors during the month of December, marking the strongest month in U.S. peer-to-peer lending history. Lending Club lead the way, issuing $31,007,025 across 2,267 loans. This is the first month where Lending Club issued more than $1 million in loans [...]

Prosper and Lending Club both saw significant gains during the month of October, facilitating 3,321 notes totaling $36.2 million in loan volume. Lending Club led the way, issuing a total of $27.4 million in loans, up 10.2% on a month-over-month basis from its September total of $24.9 million in loans. Lending Club issued 2,118 loans [...]

Prosper and Lending Club both saw significant gains during the month of September, facilitating 3,148 notes totaling $32.3 million in loan volume. Lending Club led the way, issuing a total of $24.9 million in loans, up 8.3% on a month-over-month basis from its August total of $23.0 million in loans. Lending Club issued 2,067 loans [...]

During the last couple of months, we’ve had a couple of new entrants into the sub-niche of investing analysis tools for peer-to-peer lending. LendStats remains the dominant player in the space, but Nickel Steamroller and Smart Peer Lending are developing their own take on peer-to-peer loan analysis. Neither site has built out their tools to [...]

Three months ago I began making use of a strategy that I refer to as the “common sense” approach to peer-to-peer lending. The gist of the strategy is to make use of a series of filters that avoid investing in loans which common sense are likely to default. For example, people who want to borrow on [...]

Prosper.com and Lending Club facilitated a total of $26.5 million in loans during the month of July, marking another solid month for the peer-to-peer lending industry in the United States. The industry grew at a combined monthly rate of 3.72% during the month of July in terms of total loan volume. There was a 2.15% [...]

Prosper.com, a San Francisco-based peer-to-peer lending company, has received a $150 million commitment from its first major institutional investor. The commitment to invest $150 million into Prosper.com notes was first reported by Jim Bruene of Netbanker on June 15th. Prosper CEO Christ Larsen informed Netbanker of the investment commitment by the institutional investor, which invests [...]

The battle of Prosper Vs. Lending Club continues. Lending Club and Prosper have both done a great job of increasing their monthly loan volume during the last year, suggesting that there are plenty of borrowers that are looking for peer-to-peer loans to go around. However, both companies realize that they are competing with one another [...]

I thought I’d take a moment to share how my own Lending Club portfolio is doing. I make use of a strategy that I call the “common sense” approach to Lending Club investing. The strategy that I use is algorithmic in nature and does not rely on reading through individual loan listings. I’ve selected criteria [...]