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Post by batchoy on Jan 3, 2016 10:15:57 GMT
Having not looked at my Bondora portfolio over the Christmas period I logged on this morning to find that I have suddenly acquired a whole set of new current loans all due there first payment on the first of the month. My initial reaction was that Bondora had turned on the new portfolio Manager but then I noticed the Purchase Dates which range from 2013 to mid-2015. A little more digging and it would appear that Bondora have both rescheduled the loans resetting them to the first payment and at the same time reset the recovery process to stage 0. They also appear to have wiped the defaulted amounts from the default figure they provide on my dashboard. However what they haven't done (on my dashboard) is to adjust either of the ratings. So I have a B A1000 loan due to make its first payment out of 60 this month, which looks great until you dig and realize that the loan dates back to 2014, the borrower never made a single repayment and the loan went through all 5 recovery stages.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317 
Likes: 893
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Post by JamesFrance on Jan 4, 2016 12:31:02 GMT
I don't seem to have any like that, my default total has not dropped and seems to be increasing most days now with loans which should have defaulted a fortnight before. Chaotic really and they never notify us when they make changes. Apparently a lot of existing Spanish loans have recently had their ratings changed to HR from better ratings.
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Post by batchoy on Jan 4, 2016 12:37:12 GMT
I only picked up on it because I had sold down my portfolio to the point that I had no current loans, only to have a group appear over the weekend.
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james
Posts: 2,205
Likes: 955
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Post by james on Jan 4, 2016 14:26:27 GMT
To find out the new ratings you'll need to download the all loan dataset and look up your loans. I haven't yet noticed a case where the V2 rating is being displayed for existing loans.
Perhaps a year ago I had one loan that defaulted at stage 1 then was put back to normal loan processing because the borrower was making regular payments. I haven't seen any sign yet of mass changes to history for current loans. I have seen truncated history shown on the secondary market quite often, though, for loans that have arrangements.
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Post by rahafoorum on Jan 5, 2016 7:28:01 GMT
Having not looked at my Bondora portfolio over the Christmas period I logged on this morning to find that I have suddenly acquired a whole set of new current loans all due there first payment on the first of the month. My initial reaction was that Bondora had turned on the new portfolio Manager but then I noticed the Purchase Dates which range from 2013 to mid-2015. A little more digging and it would appear that Bondora have both rescheduled the loans resetting them to the first payment and at the same time reset the recovery process to stage 0. They also appear to have wiped the defaulted amounts from the default figure they provide on my dashboard. However what they haven't done (on my dashboard) is to adjust either of the ratings. So I have a B A1000 loan due to make its first payment out of 60 this month, which looks great until you dig and realize that the loan dates back to 2014, the borrower never made a single repayment and the loan went through all 5 recovery stages. Can you share some loan numbers?
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carlos
I'm short Bondora and long p2p.
Posts: 104
Likes: 21
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Post by carlos on Jan 12, 2016 22:47:16 GMT
Having not looked at my Bondora portfolio over the Christmas period I logged on this morning to find that I have suddenly acquired a whole set of new current loans all due there first payment on the first of the month. My initial reaction was that Bondora had turned on the new portfolio Manager but then I noticed the Purchase Dates which range from 2013 to mid-2015. A little more digging and it would appear that Bondora have both rescheduled the loans resetting them to the first payment and at the same time reset the recovery process to stage 0. They also appear to have wiped the defaulted amounts from the default figure they provide on my dashboard. However what they haven't done (on my dashboard) is to adjust either of the ratings. So I have a B A1000 loan due to make its first payment out of 60 this month, which looks great until you dig and realize that the loan dates back to 2014, the borrower never made a single repayment and the loan went through all 5 recovery stages. Thank you for pointing this out. it explains phenomena I've noticed recently. I'm not buying any more notes so the dashboard graph that models future cashflow (or income) was showing steady decrease (since number of notes and total owed amount decreases each month). But not now... There is decrease in "Next month" and one another and then spike increase for April (in planned amount and planned number of payments). This can only mean that some borrowers I've lent to don't have payments planned for next 60 days. This was usually happening when investing on primary market since first payment occurs after 60 days. Your explanation - rescheduling - is 99% the reason. Unfortunately its practically impossible to filter out rescheduled loans through UI - My Investments tab to find out particular loan ids. So I can't investigate further and verify this theory for 100%. Another reason could be probably users executing their B-secure features.
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Post by rahafoorum on Jan 14, 2016 20:50:26 GMT
It can increase if for example you have this B-secure grace period where only interest is paid for several months. Then when principal kicks in, it'll show a larger amount.
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carlos
I'm short Bondora and long p2p.
Posts: 104
Likes: 21
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Post by carlos on Jan 14, 2016 22:57:11 GMT
It can increase if for example you have this B-secure grace period where only interest is paid for several months. Then when principal kicks in, it'll show a larger amount. OK I got it... But does it explain situation when there is 100 more planned payments (column Planned number in cashflow table) in April compared to March? Interest payment is still payment although it doesn't include principal.
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Post by rahafoorum on Jan 18, 2016 10:58:42 GMT
It can increase if for example you have this B-secure grace period where only interest is paid for several months. Then when principal kicks in, it'll show a larger amount. OK I got it... But does it explain situation when there is 100 more planned payments (column Planned number in cashflow table) in April compared to March? Interest payment is still payment although it doesn't include principal. No idea about that one. A bug in cashflow report?  You can actually check where those 100 additional payments are compared to April by looking at the view where you see number of payments per day and compare April to March. For example, you could find that on 15th, in April, there's 50 payments, while in March there's 5. (There are no payments made on weekends so ignore the places where that's the reason for difference.) Then you can open those days and check the exact loans that are there and open their schedules.
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carlos
I'm short Bondora and long p2p.
Posts: 104
Likes: 21
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Post by carlos on Jan 27, 2016 23:10:16 GMT
OK I got it... But does it explain situation when there is 100 more planned payments (column Planned number in cashflow table) in April compared to March? Interest payment is still payment although it doesn't include principal. No idea about that one. A bug in cashflow report? You can actually check where those 100 additional payments are compared to April by looking at the view where you see number of payments per day and compare April to March. For example, you could find that on 15th, in April, there's 50 payments, while in March there's 5. (There are no payments made on weekends so ignore the places where that's the reason for difference.) Then you can open those days and check the exact loans that are there and open their schedules. They have removed "Cashflow" page and introduced "Expert center". Is there any possibility to investigate using your method?
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Post by oktaeder on Jan 28, 2016 5:42:20 GMT
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carlos
I'm short Bondora and long p2p.
Posts: 104
Likes: 21
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Post by carlos on Jan 30, 2016 0:12:28 GMT
Thanks... It was just removed  so we have to find another way... Official support is unable to answer this problem at the moment... waiting for techies to dive into the problem...
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so we have to find another way...