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Post by balloonthief on Jan 31, 2019 15:21:45 GMT
Yes, Thanks. 2k sold
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Post by rollercoaster on Jan 31, 2019 17:42:46 GMT
It's just proof most people were in the queue for the sake of it. Some positive updates, a few big hitters taking 10-20k each - and everyone near the front of a barely moving queue, suddenly got bought out. They bought back in and those they bought off bought back in. Others panic and cancel the sale order. Liquidity improves, confidence grows, queue disappears. Tldr: People are idiots. But why is anyone buying into a loan just before the end date? To me it seems odd because of the risk of the lender not being able to re-finance so funds stuck. Although don't MT charge and pay out a higher rate on defaulted loans? So a bet on the borrow struggling?
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Post by df on Jan 31, 2019 17:58:36 GMT
It's just proof most people were in the queue for the sake of it. Some positive updates, a few big hitters taking 10-20k each - and everyone near the front of a barely moving queue, suddenly got bought out. They bought back in and those they bought off bought back in. Others panic and cancel the sale order. Liquidity improves, confidence grows, queue disappears. Tldr: People are idiots. But why is anyone buying into a loan just before the end date? To me it seems odd because of the risk of the lender not being able to re-finance so funds stuck. Although don't MT charge and pay out a higher rate on defaulted loans? So a bet on the borrow struggling? I guess most people buying because they know the loan is going to be repaid. It makes sense to buy a large amount at high interest even if it is only a couple of days investment.
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hazellend
Member of DD Central
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Post by hazellend on Jan 31, 2019 19:14:05 GMT
But why is anyone buying into a loan just before the end date? To me it seems odd because of the risk of the lender not being able to re-finance so funds stuck. Although don't MT charge and pay out a higher rate on defaulted loans? So a bet on the borrow struggling? I guess most people buying because they know the loan is going to be repaid. It makes sense to buy a large amount at high interest even if it is only a couple of days investment. I if it’s 100% guaranteed to pay out it makes sense, otherwise not
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amwinv
Member of DD Central
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Post by amwinv on Jan 31, 2019 19:33:16 GMT
It's just proof most people were in the queue for the sake of it. Some positive updates, a few big hitters taking 10-20k each - and everyone near the front of a barely moving queue, suddenly got bought out. They bought back in and those they bought off bought back in. Others panic and cancel the sale order. Liquidity improves, confidence grows, queue disappears. Tldr: People are idiots. But why is anyone buying into a loan just before the end date? To me it seems odd because of the risk of the lender not being able to re-finance so funds stuck. Although don't MT charge and pay out a higher rate on defaulted loans? So a bet on the borrow struggling? There's nothing new to buy these days. MTs pipeline is a bit lacking the last 6 months or so, and everything keeps repaying. It's either throw your available cash in a relatively safe-ish one, or let it sit unlent and earn nothing.
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sarahcount
Member of DD Central
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Post by sarahcount on Jan 31, 2019 20:28:54 GMT
But why is anyone buying into a loan just before the end date? To me it seems odd because of the risk of the lender not being able to re-finance so funds stuck. Although don't MT charge and pay out a higher rate on defaulted loans? So a bet on the borrow struggling? There's nothing new to buy these days. MTs pipeline is a bit lacking the last 6 months or so, and everything keeps repaying. It's either throw your available cash in a relatively safe-ish one, or let it sit unlent and earn nothing. Another option is take the money off the platform. You can always move it back in good time if a new loan is announced. MT give ample notice unlike FS that throw new loans out sometimes with barely an hour's warning.
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Post by df on Jan 31, 2019 21:19:45 GMT
There's nothing new to buy these days. MTs pipeline is a bit lacking the last 6 months or so, and everything keeps repaying. It's either throw your available cash in a relatively safe-ish one, or let it sit unlent and earn nothing. Another option is take the money off the platform. You can always move it back in good time if a new loan is announced. MT give ample notice unlike FS that throw new loans out sometimes with barely an hour's warning.Short notice loans are usually small pawn renewals. For the "desperate" loans FS gives longer notice. Too random. I very much prefer MT's approach - I like consistency. No matter what it is, we get 1 working day notice and they are available for bidding at 12pm (used to be 4pm iirc). As FS's loan flow has gone slow now, it would probably make sense to standardise the timing.
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Post by rollercoaster on Mar 4, 2019 16:57:55 GMT
I see buyers are slowing up and there is availability again.
Also the monthly update is late, and it there are now 18 days until the end of the loan. MT: How is the refinance going?
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averageguy
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Post by averageguy on Mar 5, 2019 18:44:56 GMT
Update on site
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johni
Member of DD Central
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Post by johni on Apr 5, 2019 19:38:51 GMT
Are we about to see another missed promised date for the payment of the March interest. This loan has had the end date extended to allow the alternative funding to be obtained but this inability to pay the outstanding interest on time does not bode well. It was payed about 6pm
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greatmarko
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Post by greatmarko on Apr 30, 2019 23:35:53 GMT
29/04/2019 An update will be provided to lenders tomorrow (30th). I guess not!
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Post by rollercoaster on May 1, 2019 6:59:32 GMT
The end date has been extended by a day though. Now 2nd.
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ptr120
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Post by ptr120 on May 1, 2019 21:07:07 GMT
Update now on site
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Post by rollercoaster on May 10, 2019 8:51:32 GMT
End date on the listing is tomorrow - so any update?
There is no sign of this plot on the usual sales sites - so is the borrower really selling? or waiting for the one down the road to go first?
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jlend
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Post by jlend on Jun 14, 2019 10:28:20 GMT
Hi MoneyThingWill you be providing a new estimated end date? The current one on the web is 15th June, tomorrow. Thanks
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