The Mintos loan statistics that would be really useful
Aug 3, 2016 20:57:53 GMT
bandit55555, kissmyjazz, and 2 more like this
Post by silverporka on Aug 3, 2016 20:57:53 GMT
1. Prepayment data - some SM loans trade more than 5% above par value. That may make sense on a YTM basis but not if there is a good chance the loan repays early... If we had this data it may convince people to pay more (or less!) in the SM. It could also mean that the stated terms will be longer than reality which many people will like.
2. Proper default data, including for loans that are repurchased under guarantee. Showing a 'snapshot' of default loan percentages is one metric but it isn't great because the mix of loans changes every day, particularly if the Mintos platform is growing fast. It would be good to see for each issuer, what percentage of loans have been defaulting after 90, 180, 360 days etc. We should also have this for the guaranteed loans because if the guarantors go under we need to know what happens. Loans usually take a while to default so if the platform is growing fast with new loans then the default rates will be skewed/understated.
3. Recovery rate information. For secured loans - What percentage of the amounts in the valuation reports have the issuers been achieving, once legal and broker costs are taken into account? How many months has it taken? Without this we can't really know what LTV we can really feel comfortable with. For unsecured - what does the recovery percentage look like (collections plus sales to debt collectors)
And most importantly, all the loan data should be downloadable, so people can do their own analysis if they like and decide where they would like to focus. Some other platforms have this and I haven't been able to find it yet on Mintos.
2. Proper default data, including for loans that are repurchased under guarantee. Showing a 'snapshot' of default loan percentages is one metric but it isn't great because the mix of loans changes every day, particularly if the Mintos platform is growing fast. It would be good to see for each issuer, what percentage of loans have been defaulting after 90, 180, 360 days etc. We should also have this for the guaranteed loans because if the guarantors go under we need to know what happens. Loans usually take a while to default so if the platform is growing fast with new loans then the default rates will be skewed/understated.
3. Recovery rate information. For secured loans - What percentage of the amounts in the valuation reports have the issuers been achieving, once legal and broker costs are taken into account? How many months has it taken? Without this we can't really know what LTV we can really feel comfortable with. For unsecured - what does the recovery percentage look like (collections plus sales to debt collectors)
And most importantly, all the loan data should be downloadable, so people can do their own analysis if they like and decide where they would like to focus. Some other platforms have this and I haven't been able to find it yet on Mintos.
