fasty
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Post by fasty on Jul 19, 2015 21:29:22 GMT
You make it all sound so nasty "Attempted flipping" "Bidding with intent to flip" "Aggravated churning" "Crimes against diversity" Please add "living off immoral earnings" I could never bring myself to trust a creature boldly fashioned from purest green.
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fasty
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Post by fasty on Jul 19, 2015 21:32:48 GMT
Anyway, look, here's another interesting one:
Property loan 10077 seems to be "processing" and stalled with "Retry" status at month 6. and Property loan 11521 seems to be "processing" and stalled with "Retry" status at month 4.
Does that imply that Flatulent Chickens have tried to pay the interest from their own pot, but dismally failed?
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SteveT
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Post by SteveT on Jul 20, 2015 13:38:07 GMT
I assume we are talking 14192 here, not the 6 month one (14210). 8>. Yes. I think realisation is setting in that there is a lot of demand currently, with a smallish single tranche (235k) being listed with 1% from the off, so I think t2 of the 6 monther might need an incentive also... The £400k second tranche (14347) of the 12 month Islington loan just appeared and with 2%CB (on top of 10% interest, A+). Happy days!! [With this sort of deal available, what on earth drives so many people to bid MBR (6%) for standard SME A+ loans with no security beyond a PG of dubious worth?)
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adrianc
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Post by adrianc on Jul 20, 2015 14:28:47 GMT
[With this sort of deal available, what on earth drives so many people to bid MBR (6%) for standard SME A+ loans with no security beyond a PG of dubious worth?) Autobid. It's heading rapidly to £115k already.
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fasty
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Post by fasty on Jul 20, 2015 16:54:09 GMT
Yes, decided to have a nibble on that one. A+ at 10%+2% CB is OK by me.
I have been holding back some funds in the hope that the recent 6-month property loan (A, 10%+1% CB) might close soon and return for a second mouthful with more cashback. I think FC may need more incentive or else make the second tranche smaller than the first.
EDIT : Oh, I see second tranche of 6-month "A" has launched with 1% CB again. Wonder if it will fill...
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arbster
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Post by arbster on Jul 21, 2015 10:38:36 GMT
EDIT : Oh, I see second tranche of 6-month "A" has launched with 1% CB again. Wonder if it will fill... Seems to be filling up quite slowly, so far.
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sl75
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Post by sl75 on Jul 22, 2015 17:12:39 GMT
[With this sort of deal available, what on earth drives so many people to bid MBR (6%) for standard SME A+ loans with no security beyond a PG of dubious worth?) Autobid. ... and dumb bots or bot-like strategies (e.g. bid the highest rate available on every loan, however low that highest available rate is).
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pom
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Post by pom on Jul 23, 2015 16:23:34 GMT
14505 Beaconsfield 1 (actually the 2nd tranche!) going for fixed of 12%...
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jonah
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Post by jonah on Jul 23, 2015 16:37:25 GMT
14505 Beaconsfield 1 (actually the 2nd tranche!) going for fixed of 12%... According to the note on the 'old' loan, the new one will be used in part to pay it. As they are both at 12% fixed.... my only comment is eh? Followed by, surely that would mean paying more FC fees etc? *confused of here*
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blender
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Post by blender on Jul 23, 2015 16:46:37 GMT
Thanks, I have put the first loan up for sale. (Nice avatar, Jonah)
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pom
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Post by pom on Jul 23, 2015 18:14:40 GMT
14505 Beaconsfield 1 (actually the 2nd tranche!) going for fixed of 12%... According to the note on the 'old' loan, the new one will be used in part to pay it. As they are both at 12% fixed.... my only comment is eh? Followed by, surely that would mean paying more FC fees etc? *confused of here* Well that explains the weird numbering...I didn't see the note previously so just assumed....but yeah, weird strategy!
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jonah
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Post by jonah on Jul 23, 2015 20:05:29 GMT
Thanks, I have put the first loan up for sale. (Nice avatar, Jonah) Why thank you. It seemed both apt and very inappropriate. if you don't mind me asking, why sell a loan part now when it looks very likely to be redeemed soon and is therefore lower risk? Or are you selling at a premium? I'm still trying to get my head around some of the nuances of this site.
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SteveT
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Post by SteveT on Jul 23, 2015 20:33:34 GMT
Thanks, I have put the first loan up for sale. (Nice avatar, Jonah) Why thank you. It seemed both apt and very inappropriate. if you don't mind me asking, why sell a loan part now when it looks very likely to be redeemed soon and is therefore lower risk? Or are you selling at a premium? I'm still trying to get my head around some of the nuances of this site. Now that Flakey Crusts no longer seem to be removing the rate band when they share news that a borrower is intending to repay early, there's an opportunity for the attentive to try to sell some parts on the SM at a premium before the loan is redeemed. Especially so if the original loan closed early (at a high marginal rate), or if you bought the parts at a high premium on the SM previously. [NB. Ideally, good form dictates that you should restrict your selling premium to a level at which the loan parts will quickly be snaffled by a greedy faceless bot rather than a sweet innocent granny]
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arbster
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Post by arbster on Jul 24, 2015 6:49:17 GMT
[NB. Ideally, good form dictates that you should restrict your selling premium to a level at which the loan parts will quickly be snaffled by a greedy faceless bot rather than a sweet innocent granny] And what do we know about bots' appetite for premiums?
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SteveT
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Post by SteveT on Jul 24, 2015 7:07:04 GMT
[NB. Ideally, good form dictates that you should restrict your selling premium to a level at which the loan parts will quickly be snaffled by a greedy faceless bot rather than a sweet innocent granny] And what do we know about bots' appetite for premiums? It's down to the buyer rate that the premium delivers. List your parts at an attractive buyer rate (eg. 11% for an A+) and generally the bots will get there first
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