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Post by khampson on May 23, 2017 21:16:20 GMT
After months of month of loans being snapped up within seconds on the SM to now with loans being plentiful, why is this? Is there not enough borrowers or to many new lenders? MT has now lost its liquidity for the time being, could it be due to the new 13% loam and people selling off to get the extra 1% ?
What are your thoughts on the current market conditions
Thanks
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 23, 2017 21:37:10 GMT
Im going to need some bigger boots!
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GeorgeT
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Post by GeorgeT on May 23, 2017 21:42:13 GMT
After months of month of loans being snapped up within seconds on the SM to now with loans being plentiful, why is this? Is there not enough borrowers or to many new lenders? MT has now lost its liquidity for the time being, could it be due to the new 13% loam and people selling off to get the extra 1% ? What are your thoughts on the current market conditions Thanks I think your theory is correct. After a drought of new loans there have been several in the last week all at very attractive rates. Existing investors will be holding older loans that may be repaying imminently or are only at 11% and will be trying to sell down in those a bit in order to invest in the new higher rate loans, both to take advantage of higher rates and to diversify their portfolios. In addition most of the new money will be going into the new 12 and 13% loans rather than the older stock. Once the new loans are completely filled which I expect them to be in a couple of days then normal market conditions will return I expect and liquidity will greatly improve. There is a bit of a transition going on towards MT and people are raising additional funds all the time in order to take advantage of the opportunities now available and that will inevitably take a few days to filter through fully and clear the decks.
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Post by lendinglawyer on May 23, 2017 21:47:44 GMT
I think it's also fair to say that there has been a bit of a glut of new 12%+ loans across multiple platforms recently. Standard "recycling" as people try to swap old/lower rate loans for new higher rate loans and/or "diversification". This is taking place not just infra-platform but inter-platform too. The recent COL CB and MT 13% offerings have certainly disrupted the market.
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theshape
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Post by theshape on May 23, 2017 21:55:59 GMT
3 new loans between the 17th and the 23rd with £5.1m in funding required at 12/13%. Has there ever been that kind of primary market availability before?
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vmail
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Post by vmail on May 23, 2017 22:28:39 GMT
After months of month of loans being snapped up within seconds on the SM to now with loans being plentiful, why is this? Is there not enough borrowers or to many new lenders? MT has now lost its liquidity for the time being, could it be due to the new 13% loam and people selling off to get the extra 1% ? What are your thoughts on the current market conditions Thanks The L and MT investors went to COL for the Bolton loan from MT (12% plus cashback at drawn down), and also for the 13% MT loan.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 23, 2017 22:52:37 GMT
And there is potentially another 1.5m being launched in a day or so
Much, much bigger boots ... (and a new sofa)
Good job there is 1.2m coming back on Friday
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Post by Deleted on May 24, 2017 3:54:49 GMT
After months of month of loans being snapped up within seconds on the SM to now with loans being plentiful, why is this? Is there not enough borrowers or to many new lenders? MT has now lost its liquidity for the time being, could it be due to the new 13% loam and people selling off to get the extra 1% ? Thats certainly true in my case, I have strict platform limits and am already at my maximum for MoneyThing. So the only way I can invest in new loans is to free up money by selling old ones. However, I'm very seriously considering increasing my platform limit for MoneyThing, with all the goodies now on offer.
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jonbvn
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Post by jonbvn on May 24, 2017 7:03:39 GMT
Pleased I got some of the CS loans on the SM. Always seen these loans as bread and butter on MT.
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Post by Deleted on May 24, 2017 7:21:03 GMT
Pleased I got some of the CS loans on the SM. Always seen these loans as bread and butter on MT. Probably got them off me! I put about 1k up for sale overnight
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elliotn
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Post by elliotn on May 24, 2017 8:46:33 GMT
After months of month of loans being snapped up within seconds on the SM to now with loans being plentiful, why is this? Is there not enough borrowers or to many new lenders? MT has now lost its liquidity for the time being, could it be due to the new 13% loam and people selling off to get the extra 1% ? Thats certainly true in my case, I have strict platform limits and am already at my maximum for MoneyThing. So the only way I can invest in new loans is to free up money by selling old ones. However, I'm very seriously considering increasing my platform limit for MoneyThing, with all the goodies now on offer. Just increased my MT platform cap by c20%. And yet one still may have to buy some new boots.
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theshape
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Post by theshape on May 24, 2017 11:20:55 GMT
Pleased I got some of the CS loans on the SM. Always seen these loans as bread and butter on MT. Probably got them off me! I put about 1k up for sale overnight Multiples of £94 came up. Got a couple but rest were gone while waiting for a deposit to be credited.
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Post by p2ples on May 28, 2017 16:27:14 GMT
I'm feeling my way around MT and see there are lots of AE loans on SM - I've just counted 25 at 12%. Mindful that they're the same borrower, I wonder how good an egg they might be to have in my basket which has so far focussed on property-based listings.
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Post by Deleted on May 28, 2017 16:32:39 GMT
I'm feeling my way around MT and see there are lots of AE loans on SM - I've just counted 25 at 12%. Mindful that they're the same borrower, I wonder how good an egg they might be to have in my basket which has so far focussed on property-based listings. The AE loans are ending soon, they were certainly nice to have while they had some life left in them though.
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mikeh
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Post by mikeh on May 28, 2017 16:34:21 GMT
I'm feeling my way around MT and see there are lots of AE loans on SM - I've just counted 25 at 12%. Mindful that they're the same borrower, I wonder how good an egg they might be to have in my basket which has so far focussed on property-based listings. They're good loans but all the Grouped Assets Loans end on 31/07/2017 and won't be renewed.
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