Steerpike
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Post by Steerpike on Sept 30, 2015 14:55:30 GMT
Me too.
I notice that the bottieboys are still sucking up all available E class loans and so there must still be gold in them thar parts.
I wonder if we will see 2% CB or if it is gone forever.
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Post by betterthanworking on Sept 30, 2015 15:21:08 GMT
I've just sold 2 8+1CB at par, that I only bought yesterday. Pretty good AER if I could keep it up.
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SteveT
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Post by SteveT on Oct 2, 2015 6:40:37 GMT
Almost 20% of my entire book of property loan parts have sold at par since Monday. Need some 2%CB loans to reinvest in now (will we ever see their like again?)
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Post by goldservice on Oct 2, 2015 8:14:15 GMT
In comparison, the sale of my property parts is Frankly Constipated. I have 140 parts on sale at par but sell only about one a day. They are all 8% A+ or 9% A. Are you selling higher rate property parts?
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SteveT
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Post by SteveT on Oct 2, 2015 8:18:03 GMT
In comparison, the sale of my property parts is Frankly Constipated. I have 140 parts on sale at par but sell only about one a day. They are all 8% A+ or 9% A. Are you selling higher rate property parts? About half are from my remaining 10% A loans, which are borderline for listing at +0.3% these days and waiting but I've uses for the money elsewhere. The rest are 8% A+ and 9% A.
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Post by aloanatlast on Oct 2, 2015 9:25:32 GMT
Almost 20% of my entire book of property loan parts have sold at par since Monday. Need some 2%CB loans to reinvest in now (will we ever see their like again?) It'll take something. 1% CB isn't tempting me into some of the current auctions. I don't know how much CB it would take to get me to overexpose myself to a £400K A36.
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SteveT
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Post by SteveT on Oct 11, 2015 7:17:03 GMT
43 property loan parts sold at par (8%) in the 8 hours since midnight; it's obvious where much of the Autobodge money is going when there are no new loans it can feed into!
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Post by GSV3MIaC on Oct 11, 2015 7:46:07 GMT
Yep, me too. Another interesting factlet ... On the SM, the buyers rates for reject-WL loan parts is consistently 0.5% to 1% higher than for regular PL parts (except fr D\E where there is no headroom). Whether that is recent I don't know, because I never looked at that split before. I will post a table when I get near a serious computer.
Here it is:
mid max
A+ PL: 7.4% 8.1% A+ Reject: 8.4% 8.9%
A PL: 8.5% 9.0% A Reject: 8.8% 9.5%
B PL: 9.7% 10.4% B Reject: 10.5% 11.0% C PL: 10.4% 11.2% C Reject: 11.5% 12.0%
D PL: 12.9% 13.4% D Reject: 12.9% 13.5%
E PL: 17.0% 17.6% E Reject: 17.4% 17.8%
Caveat - this is for a selection of loans I checked (ones on the SM, obviously), and there will be more PL loans, including many older ones, than 'rejected WL' ones (only existed for the last 18 months or so). Numbers are a slightly-weighted average of the loans I looked at.
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arbster
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Post by arbster on Oct 11, 2015 19:49:42 GMT
That's a remarkably onerous piece of analysis, unless you came up with a nicely automated way of analyising SM. Very interesting too, although I do wonder how much influence the forum members here are having on those rates - most of us will have picked up well-priced parts originally, and will be squeezing all the value we can out of them in disposing of them too.
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Post by GSV3MIaC on Oct 11, 2015 20:18:32 GMT
I've got this automated assistant, remember .. since she no longer has any bidding (much) to do, she can go pick a random SM loan every few minutes and look at the parts on offer (she can also scan the SM for new parts, and buy any that look like a good deal .. but she doesn't (yet).. plenty of others doing that, and since I am in running down mode, not much point). Oh, you need to have preloaded the FC loanbook, so you know what was a rejected WL and what wasn't (but you need that anyway so you can see the late/retry/comment history of these wonderful SM parts you are being offered, and to work out the real default rates over time, and what is significant and what isn't).
Yep the primary market marginal and average (bid) rates for those rejected WLs was probably higher too (hence feeding through into the SM), although I didn't actually look at that .. not much point these days. About the best you can do now (if you still want to play at all) is avoid the rejected WL deals, unless there is significant cashback, in which case buy and flip fast ..[historically what you could/should do was bid higher .. and probably still flip fast].
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SteveT
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Post by SteveT on Oct 12, 2015 13:02:52 GMT
Have just had 10 parts in a (2.5 months old) E snaffled within minutes at 3% premium, giving a Buyer Rate of 15.8% (36 month term). I was testing the market as it had no parts listed for sale but I'm amazed to see them go at that sort of price. After fees and allowing for projected 8.0% bad debt, that's an expected net return of 6.8%. Has anyone beaten this? I guess when there's nothing much else to buy ...
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Post by aloanatlast on Oct 12, 2015 13:28:05 GMT
Which is why those bots are armed and primed and on red alert
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fasty
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Post by fasty on Oct 12, 2015 13:39:28 GMT
Which is why those bots are armed and primed and on red alert
My bidding finger had started to get twitchy in eager anticipation, but now I'm not so sure. The crystal ball seems to have gone all cloudy. Where is the juicy "E" loan I was hoping for at 14:15 ?
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Post by GSV3MIaC on Oct 12, 2015 14:09:31 GMT
Which is why those bots are armed and primed and on red alert
Maybe .. or maybe b*z is sitting there going 'how do I program a 20% limit into this thing anyway?'. Father Christmas seems to have peaked (or is that 'troughed') early this year. I mean I expect single digit numbers of loans to consider on 30th December, maybe, but not in middle of October.
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arbster
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Post by arbster on Oct 12, 2015 14:11:41 GMT
I think 16302, 16304 and 16308 are clogging up the system. If some poor mug will just fill those then I'm sure we'll see a few new loans this afternoon.
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