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Post by thep2pinvestor on Sept 25, 2016 17:31:48 GMT
Back it up with what? if you look at the statistics page then Hipocredit and Capitalia are two worst performers with about the same size of defaulted or 60+ late loans. Yet Capitalia has 5% skin in the game while Hipocredit only 2%. How does this difference between originators protects me as an investor? I my understanding the loan performance does not warrant the special treatment for Hipocredit. As their loan are longer in duration, I expect more defaults to accumulate over time. You are right. However the Hipocredit loans come with a mortgage (as opposed to Capitalia loans which are mostly without guarantees). It's not sure what the mortgages are worth though. The future will show.
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fric
Member of DD Central
Posts: 199
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Post by fric on Sept 26, 2016 7:16:44 GMT
Back it up with what? if you look at the statistics page then Hipocredit and Capitalia are two worst performers with about the same size of defaulted or 60+ late loans. Yet Capitalia has 5% skin in the game while Hipocredit only 2%. How does this difference between originators protects me as an investor? I my understanding the loan performance does not warrant the special treatment for Hipocredit. As their loan are longer in duration, I expect more defaults to accumulate over time. You are right. However the Hipocredit loans come with a mortgage (as opposed to Capitalia loans which are mostly without guarantees). It's not sure what the mortgages are worth though. The future will show. Hipocredit mortgage loans are usually with quite low LTV, so shouldn't that risky if you ask me. Unless its 2008 all over again ofc.
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Post by buttchopf23 on Oct 1, 2016 7:03:12 GMT
According to the summary, there was placed one new hipocredit mortgage, 12.8%, 30k
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