Lending Club releases investor update on loss forecasts

lending clubLending Club (NYSE:LC) has filed an 8-K regarding an investor update from the company’s Chief Investment Officer Siddhartha Jajodia. The letter includes an update on expected delinquency rates across the existing loan portfolio following changes made several times in 2016, and implemented additional changes on January 11, 2017 to tighten the thresholds on borrower leverage on unique combinations of risk factors, According to the document, Lending Club has “seen signs of stabilization in delinquency rates across the existing loan portfolio.” Read more: crowdfundinsider.com