r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Apr 11, 2019 9:09:18 GMT
There's over 400 loans currently on the LendingCrowd SM if anyone needs to top-up/diversify (normally only around 60-70).
|
|
|
Post by df on Apr 12, 2019 20:39:58 GMT
There's over 400 loans currently on the LendingCrowd SM if anyone needs to top-up/diversify (normally only around 60-70). Reduced since yesterday, only 127 available now. Still much higher than normal. I wonder why it suddenly jumped so high and drastically reduced in one day? Something to do with ISA's and automated accounts??? edit: Just filtered this. Out of 127, there are 46 that I'm not in. The rates per risk band are so low - I wouldn't bid that low at loan auction.
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Apr 12, 2019 22:55:24 GMT
There's over 400 loans currently on the LendingCrowd SM if anyone needs to top-up/diversify (normally only around 60-70). Reduced since yesterday, only 127 available now. Still much higher than normal. I wonder why it suddenly jumped so high and drastically reduced in one day? Something to do with ISA's and automated accounts??? edit: Just filtered this. Out of 127, there are 46 that I'm not in. The rates per risk band are so low - I wouldn't bid that low at loan auction. I suspect it's mostly underwriters releasing stock, and yes mostly at the lower rates. They seem to take circa 75% of each loan (presumably on preferential rates) and then release them back on the SM in batches each day. It quite often goes up to 250 available, but only rarely with some decent rates ( I assume when a normal person is selling off their prized goods for whatever reason).
|
|
|
Post by df on Apr 13, 2019 12:44:02 GMT
Reduced since yesterday, only 127 available now. Still much higher than normal. I wonder why it suddenly jumped so high and drastically reduced in one day? Something to do with ISA's and automated accounts??? edit: Just filtered this. Out of 127, there are 46 that I'm not in. The rates per risk band are so low - I wouldn't bid that low at loan auction. I suspect it's mostly underwriters releasing stock, and yes mostly at the lower rates. They seem to take circa 75% of each loan (presumably on preferential rates) and then release them back on the SM in batches each day. It quite often goes up to 250 available, but only rarely with some decent rates ( I assume when a normal person is selling off their prized goods for whatever reason). I don't really know how it works. My guess was that all large investments (used to show under names msi and LN or something like this) were money from black box accounts because these large bids are always at lower rates? Is this a wrong assumption, do you know?
|
|
r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
|
Post by r00lish67 on Apr 13, 2019 16:07:37 GMT
I suspect it's mostly underwriters releasing stock, and yes mostly at the lower rates. They seem to take circa 75% of each loan (presumably on preferential rates) and then release them back on the SM in batches each day. It quite often goes up to 250 available, but only rarely with some decent rates ( I assume when a normal person is selling off their prized goods for whatever reason). I don't really know how it works. My guess was that all large investments (used to show under names msi and LN or something like this) were money from black box accounts because these large bids are always at lower rates? Is this a wrong assumption, do you know? I don't know for sure, but pretty convinced that at least a significant portion of the loans go to UW's because a) the primary market has always worked like that, even before the blackbox accounts and b) you then nearly always see £10k drips back onto the market with the full repayment term remaining. This is presumably the UW/UW's stripping off whatever preferential bonus they receive and reselling to us plebs as it's highly unlikely normal people would be buying/selling in that manner (at the lowest rate, in large amounts, to be sold immediately back for a fee) from a black box or otherwise. But yes, I assume you're right that the other significant part of the 'lump' bids are the black box accounts taking their fill. No idea of the balance between the two though.
|
|
|
Post by df on Apr 13, 2019 16:56:19 GMT
I don't really know how it works. My guess was that all large investments (used to show under names msi and LN or something like this) were money from black box accounts because these large bids are always at lower rates? Is this a wrong assumption, do you know? I don't know for sure, but pretty convinced that at least a significant portion of the loans go to UW's because a) the primary market has always worked like that, even before the blackbox accounts and b) you then nearly always see £10k drips back onto the market with the full repayment term remaining. This is presumably the UW/UW's stripping off whatever preferential bonus they receive and reselling to us plebs as it's highly unlikely normal people would be buying/selling in that manner (at the lowest rate, in large amounts, to be sold immediately back for a fee) from a black box or otherwise. But yes, I assume you're right that the other significant part of the 'lump' bids are the black box accounts taking their fill. No idea of the balance between the two though. Yes, makes sense. I don't take much notice of SM, but did buy some loans at the start to get it going and remember being curious why there're so many loans with full term. There's no point for us plebs to sell with full or nearly full term remaining, unless one is desperate to make an immediate exit.
|
|