Post by james on Dec 8, 2016 22:04:32 GMT
I was doing a bit of comparing of the Ablrate and MoneyThing secondary market in a discussion elsewhere and noticed these interesting things:
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Ablrate: that £4,257,774.00 of secondary market deals on £15,146,115.84 of completed loans. 27.9% of loan value.
MoneyThing: £7,774,295 of secondary market deals as of November 7 on £28 million of completed loans as of September 2016. 27.8% of loan value
Interesting that the value of secondary market trades vs loan volume is almost the same on two platforms with a very different approach to the secondary market, with some people disliking or liking each approach quite strongly.
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I wonder, is there a way we can see the new (rather than renewal) origination and current total traded on the secondary market? I have a feeling that as a percentage of new not renewal loans the Ablrate secondary market might actually have had a higher turnover than the one at MoneyThing.
Or if not, could you provide a same day snapshot so I can update with more correct same day figures?
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Ablrate: that £4,257,774.00 of secondary market deals on £15,146,115.84 of completed loans. 27.9% of loan value.
MoneyThing: £7,774,295 of secondary market deals as of November 7 on £28 million of completed loans as of September 2016. 27.8% of loan value
Interesting that the value of secondary market trades vs loan volume is almost the same on two platforms with a very different approach to the secondary market, with some people disliking or liking each approach quite strongly.
----
I wonder, is there a way we can see the new (rather than renewal) origination and current total traded on the secondary market? I have a feeling that as a percentage of new not renewal loans the Ablrate secondary market might actually have had a higher turnover than the one at MoneyThing.
Or if not, could you provide a same day snapshot so I can update with more correct same day figures?
