National Family Mortgage, a company who facilitates mortgage products between family members, announced they have originated over $30 million in mortgages.
Jerry Batoski, the owner of the up and coming site Lend Analyst, had two insightful posts this week. In the first he gave a detailed overview of his p2p investment strategy, breaking down thirteen specific risk factors and providing guidance on acceptable metrics for each. In the next post Jerry announced he would start sharing his Lending Club portfolio activity, allowing newbies to learn from his deicision-making process and giving a nod to the Follow the Leader investment strategy.
The emerging role of institutional investors was highlighted in an article in Alchemy, an online magazine by SecondMarket. Peter Renton also had a post giving some insight into the options available to accredit investors, who are able to invest in peer to peer loans through private placement funds. According to Peter, these institutional investors are given several perks, including not being limited by state regulations. Mixed feelings have been expressed online about the growing role of these large investors in peer to peer lending, but in the end they should bring long-term viability to the both Proser and Lending Club.
WSJ had an article about a couple of self-directed IRA management firms, Equity Trust Co. and Entrust Group Inc., who have recently been sued by investors. Of course, many investors are using these types of IRA accounts to diversify their retirement investments in peer to peer lending.
American Public Media’s radio show Marketplace had an interesting piece titled Financial Innovation and Social Lending.
Lastly, your truly made two posts this week, one on the effects loan default can have on your portfolio, as well as an article comparing Prosper vs. Lending Club.
