r00lish67
Member of DD Central
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Post by r00lish67 on Apr 21, 2020 11:13:02 GMT
lendingcrowd For those borrowers who are falling behind on repayments and haven't opted or are perhaps not eligible for payment holidays, can you shed some light as to how CBIL may or may not have a positive impact? e.g. are some borrowers seeking CBIL loans elsewhere to potentially refinance these loans, if indeed that's permitted? What sort of volumes might we see? Have you applied to be a CBIL loan provider yourselves? How would you operate it if approved? Appreciate you may not want to respond here, especially as it will be drowned out in the morass of unrelated topics, but would appreciate seeing some further info on a newsletter/whatever.
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Post by df on May 12, 2020 19:15:20 GMT
lendingcrowd For those borrowers who are falling behind on repayments and haven't opted or are perhaps not eligible for payment holidays, can you shed some light as to how CBIL may or may not have a positive impact? e.g. are some borrowers seeking CBIL loans elsewhere to potentially refinance these loans, if indeed that's permitted? What sort of volumes might we see? Have you applied to be a CBIL loan provider yourselves? How would you operate it if approved? Appreciate you may not want to respond here, especially as it will be drowned out in the morass of unrelated topics, but would appreciate seeing some further info on a newsletter/whatever. I'm not following p2p/CBIL progress, but from what I know from platforms' communications is that the only ones who got it are FC and AC. I'm guessing that LC is not big enough to be included. From what I'm observing, LC in on a pause, which is probably the best position to be in for their business. Good to see a few loans repaid early recently...
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r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
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Post by r00lish67 on May 12, 2020 20:51:59 GMT
lendingcrowd For those borrowers who are falling behind on repayments and haven't opted or are perhaps not eligible for payment holidays, can you shed some light as to how CBIL may or may not have a positive impact? e.g. are some borrowers seeking CBIL loans elsewhere to potentially refinance these loans, if indeed that's permitted? What sort of volumes might we see? Have you applied to be a CBIL loan provider yourselves? How would you operate it if approved? Appreciate you may not want to respond here, especially as it will be drowned out in the morass of unrelated topics, but would appreciate seeing some further info on a newsletter/whatever. I'm not following p2p/CBIL progress, but from what I know from platforms' communications is that the only ones who got it are FC and AC. I'm guessing that LC is not big enough to be included. From what I'm observing, LC in on a pause, which is probably the best position to be in for their business. Good to see a few loans repaid early recently... Yes, I've had a few of those too, and a few SM sales. I think they're doing pretty well by retail lenders. Looking at the loanbook, they haven't paused entirely. There have been 15 or so new loans since mid-March, however the vast majority of those (in fact, all but 2) went to institutional lenders, as they have just a single loan part. So, good to see they're doing some business, if a bit slower than normal.
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Post by df on May 12, 2020 21:42:03 GMT
I'm not following p2p/CBIL progress, but from what I know from platforms' communications is that the only ones who got it are FC and AC. I'm guessing that LC is not big enough to be included. From what I'm observing, LC in on a pause, which is probably the best position to be in for their business. Good to see a few loans repaid early recently... Yes, I've had a few of those too, and a few SM sales. I think they're doing pretty well by retail lenders. Looking at the loanbook, they haven't paused entirely. There have been 15 or so new loans since mid-March, however the vast majority of those (in fact, all but 2) went to institutional lenders, as they have just a single loan part. So, good to see they're doing some business, if a bit slower than normal. I didn't know about 15 new loans, except those two (first repayments were made, which is good news). It's good to know that they are still lending. I'm not selling anything on SM, but curious - is selling as quick as in the past or slowed down as on most platforms?
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r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
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Post by r00lish67 on May 13, 2020 9:42:06 GMT
Yes, I've had a few of those too, and a few SM sales. I think they're doing pretty well by retail lenders. Looking at the loanbook, they haven't paused entirely. There have been 15 or so new loans since mid-March, however the vast majority of those (in fact, all but 2) went to institutional lenders, as they have just a single loan part. So, good to see they're doing some business, if a bit slower than normal. I didn't know about 15 new loans, except those two (first repayments were made, which is good news). It's good to know that they are still lending. I'm not selling anything on SM, but curious - is selling as quick as in the past or slowed down as on most platforms? It's slowed down for sure, although has been improving in the last week or two due to the early loan repayments improving liquidity. There have also been some loans put on repayment holidays which suspends them from the SM, that narrows the field too. NB - above is speaking as a manual investor. No idea what's happening with the automated accounts. Re: the 15 loans, it's been a trend for months now, more and more new loans going to single lenders. Even when we saw far more loans pre-COVID, it was typically only 1 in 4 or so of the loans they actually issued. Not a problem as such, it's good they have alternative funding sources.
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r00lish67
Member of DD Central
Posts: 2,691
Likes: 4,048
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Post by r00lish67 on May 20, 2020 12:49:27 GMT
I don't know if it's attributable to CBIL loans causing borrowers to refinance elsewhere, but I've seen lots of early loan repayments in the last few days at LC.
All good with me, nice to see that the majority of LC loans aren't duffers, and it's also improving SM liquidity each day.
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Post by df on May 20, 2020 19:33:36 GMT
I don't know if it's attributable to CBIL loans causing borrowers to refinance elsewhere, but I've seen lots of early loan repayments in the last few days at LC. All good with me, nice to see that the majority of LC loans aren't duffers, and it's also improving SM liquidity each day. Yes, it's quite amazing. In my loan book - 6 on Monday, a couple yesterday, 6 today... I'm very happy with this and generally with my LC funds' performance so far. Currently 7.63% annual return (in over 3 years), projected return 5.4%.
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