blender
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Post by blender on Oct 1, 2015 17:25:09 GMT
Now that the rates are fixed they can throttle back on the loan volume to allow the larger ones to be filled with minimum cash back. The excess will go to whole loans. I think they wish to minimise the cash back on future property loans and will step up the volume of business loans when greedy b*st*rds like me have learned not to expect 2% on property. I can wait.
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agent69
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Post by agent69 on Oct 1, 2015 19:01:03 GMT
I wonder what kind of loans will need cashback help going forward. Anything with scrappy or crappy in the title?
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fasty
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Post by fasty on Oct 1, 2015 19:20:22 GMT
I wonder what kind of loans will need cashback help going forward. An attractive business development in Wales, comprising retail off-licence unit with solicitor's office above and metal recycling facility in the back yard. No security.
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blender
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Post by blender on Oct 1, 2015 22:13:28 GMT
I wonder what kind of loans will need cashback help going forward. An attractive business development in Wales, comprising retail off-licence unit with solicitor's office above and metal recycling facility in the back yard. No security. The security might be a second charge on a valuable stock of dragon's eggs.
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min
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Post by min on Oct 2, 2015 10:56:10 GMT
I wonder what kind of loans will need cashback help going forward. A scrap metal dealer with sidelines in imported jeans and air conditioning units (probably in Wales). Could be linked to a NI farm needing money to invest in more cows.
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SteveT
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Post by SteveT on Oct 4, 2015 15:20:39 GMT
Interesting to watch how slowly the 3 big SME loans that were launched on Days 2 & 3 of the "New World Order" with 1%CB (16166 / 16134 / 16177) are now crawling towards 100%. Doubtless these 3 will fill but, had they not enjoyed some chunky bids in their first hour or two, each would still have a fair way to go with just a couple of days remaining. I wonder if the Investors that threw multiple k's at them in the first couple of hours (some familiar names on the list) will be as quick to do so next time? I can't think these loans are going to flip very well (0.8% discount, anyone?)
Won't be too long, I suspect, before we see the first large SME loan with 2%CB added ...
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Post by GSV3MIaC on Oct 4, 2015 16:08:20 GMT
Hmm, we shall wait and see.
I just had a trawl through the downloaded loanbook and notice a huge proportion (by number) of loans now being soaked up as whole loans (80% or more), although by value it isn't much over half .. the PL bidders (using the wrong term, but you know what I mean) get the big property loans to play with, and a few of the big SME loans, and few, very few, of the smaller SME loans.
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min
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Post by min on Oct 4, 2015 16:28:05 GMT
the PL bidders (using the wrong term, but you know what I mean) get the big property loans to play with, and a few of the big SME loans, and few, very few, of the smaller SME loans. Having noticed that 3 of the defaults last week were whole loans, I suspect that the WL buyers are more interested in several small loans rather than one large loan in the interest of diversification.
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fasty
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Post by fasty on Oct 5, 2015 13:38:34 GMT
Ahhh, I see 2% cashback returns. Any guesses how long before we see a 3% ?
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Post by GSV3MIaC on Oct 5, 2015 18:36:37 GMT
Well given that a £150k loan (one assumes) turns into £156,260, I guess they could go as high as 4%. 8>.
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SteveT
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Post by SteveT on Oct 7, 2015 9:19:35 GMT
Febrile Convulsions are getting pretty bullish in trying to fill 16308 (£238k A) with no CB. It raced to 65% overnight, pretty much all Autobiddies as far as I can tell, but unsurprisingly has gone nowhere since. 16304 (£210k A) and 16302 / 16297 (both £156k A+) are in the same boat. Will be interesting to watch how these fare over the next 6 days...
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arbster
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Post by arbster on Oct 7, 2015 9:23:55 GMT
Febrile Convulsions are getting pretty bullish in trying to fill 16308 (£238k A) with no CB. It raced to 65% overnight, pretty much all Autobiddies as far as I can tell, but unsurprisingly has gone nowhere since. 16304 (£210k A) and 16302 (£156k A+) are both in the same boat. Will be interesting to watch how these fare over the next 6 days... We saw the "Cracking Investment" get down to the last 2 days before the lack of deal flow over the weekend drew in the last few suckers, er, investors. I expect these will do the same, sadly. None of them are attractive to me at the headline rate, but others seem to just want to get their money invested as soon as possible, regardless of the (scant) information provided.
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SteveT
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Post by SteveT on Oct 7, 2015 9:29:41 GMT
Febrile Convulsions are getting pretty bullish in trying to fill 16308 (£238k A) with no CB. It raced to 65% overnight, pretty much all Autobiddies as far as I can tell, but unsurprisingly has gone nowhere since. 16304 (£210k A) and 16302 (£156k A+) are both in the same boat. Will be interesting to watch how these fare over the next 6 days... We saw the "Cracking Investment" get down to the last 2 days before the lack of deal flow over the weekend drew in the last few suckers, er, investors. I expect these will do the same, sadly. None of them are attractive to me at the headline rate, but others seem to just want to get their money invested as soon as possible, regardless of the (scant) information provided. If they're not filled by Monday night, there'll be some Fraught Conversations on Tuesday. Listing all 4 (>£750k total) to close within the same 2 hour window seems brave to me.
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Post by nickthefool on Oct 7, 2015 9:56:37 GMT
We saw the "Cracking Investment" get down to the last 2 days before the lack of deal flow over the weekend drew in the last few suckers, er, investors. I expect these will do the same, sadly. None of them are attractive to me at the headline rate, but others seem to just want to get their money invested as soon as possible, regardless of the (scant) information provided. If they're not filled by Monday night, there'll be some Fraught Conversations on Tuesday. Listing all 4 (>£750k total) to close within the same 2 hour window seems brave to me. That would imply FC actually pay attention to things such as what time auctions finish and how that impacts the rates for borrowers (under the old auction model) and/or whether listings fill.
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SteveT
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Post by SteveT on Oct 7, 2015 10:08:04 GMT
If they're not filled by Monday night, there'll be some Fraught Conversations on Tuesday. Listing all 4 (>£750k total) to close within the same 2 hour window seems brave to me. That would imply FC actually pay attention to things such as what time auctions finish and how that impacts the rates for borrowers (under the old auction model) and/or whether listings fill. You'd think that must be one of the factors in their deliberating whether CB is warranted, but perhaps they know of some chunky property tranche repayments to be made in the coming days.
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