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Post by buttchopf23 on Aug 18, 2016 13:03:19 GMT
right now a lot of mogo car loans with buyback and Discounts up to 1.1% are available
any other interesting things on the market?
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Post by Whitbourne on Aug 19, 2016 16:25:04 GMT
right now a lot of mogo car loans with buyback and Discounts up to 1.1% are available
any other interesting things on the market? Banknote personal loans, with buyback, at 13% and less than one year maturity seems like a good deal? No premium or discount. I am not clear why someone would do this, they have just lost 1% on their investment...
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Post by buttchopf23 on Aug 19, 2016 17:15:58 GMT
Only reason which makes at least some sense: they need the money or want their portfolio liquidated.
Over the past few days there were a lot of mogo car loans with discounts up to 1.3% and ytm's on ot slightly over 14%. Made me think if somethibg is in the bushes with mogo. But as these loans are only a small part of all outstanding mogo loans, I think everything is fine.
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Post by zeverare on Aug 19, 2016 18:14:39 GMT
last months you could buy hypocredit mortgages with good repayment history at maximum 14,5% ytm on SM now over 15%.
So it is a general slowdown. Maybe some holidays bills are coming in.
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Post by buttchopf23 on Aug 23, 2016 13:23:53 GMT
lots of carloans with 5% Discount, ytm above 15%, better be quick.
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Post by kissmyjazz on Aug 23, 2016 13:43:00 GMT
Thanks for notifying us! Either someone needs the money real quick or Mogo is going under.
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Post by buttchopf23 on Aug 23, 2016 13:49:55 GMT
You are welcome, this is what the thread is supposed to be: Hints for bargains.
The amounts were not that high, so I doubt that any big player has insider information. My guess is, that it was some guy who did not really test the market before. With discounts up to 2 or 2.5% the loans would sell within some minutes or two hours.
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Post by kissmyjazz on Aug 23, 2016 13:55:49 GMT
That is true, but just two days ago someone else(?) was selling a bunch of Mogo loans at 3% discount. Usually they go easily for 1 - 2% discount.
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Post by buttchopf23 on Aug 23, 2016 14:08:18 GMT
it also came to my attention (or my subjective awareness) that you see the share of mogo loans on the sm going up.. if I remember correctly, this uptick correlated with the announcement of mogo loans without buyback... I cannot see any connection in this, but it surprised me.
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Post by kissmyjazz on Aug 23, 2016 14:41:17 GMT
Btw, it looks like Hipocredit and Banknote have pulled their loans from the primary market and are no longer listed among originators.
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Post by buttchopf23 on Aug 23, 2016 15:06:37 GMT
came to my Attention and I asked the Support.
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Post by extremis on Aug 23, 2016 19:53:03 GMT
This is not good news; Hipocredit and Banknote are major loan originators with a good supply of loans. West Kredit is also missing from Loan Originators, maybe they will stop listing new loans on PM too (not that i really care). I hope this will not become a trend and no other loan originator will follow.
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Post by yoica on Aug 25, 2016 8:49:02 GMT
I'll admit that with Hipocredit and Banknote withdrawing and the discount Mogo on SM (for unknown reason) has made me re-evaluate Mintos. I have not started actively selling of loans yet, but I have deactivate my auto-invest and won't deposit more funds for now. Maybe in month of 2 once things have settled/been clarified I will reconsider.
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