voss
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Post by voss on Feb 7, 2017 15:18:09 GMT
Just glancing through the latest loans on the loanbook, it looks like we've had vanishingly few E rated loans dispensed onto the marketplace recently. In fact, of the last 85 E's (roughly since the higher rates started), only 17 by my count of those went to the partial marketplace with the rest being whole loans. As far as I understand it, loans are allocated at random to be either Whole or Partial loans, and over the long run one would expect there to be more partials given that we have the concept of WL rejects coming onto the PL marketplace and not vice versa. Granted this is far from the long run, but 17/85 i.e. only 20% of E's are PL's at the moment, seems a tad unbalanced, no? @gsv3miac, flagging you as you tend to know the answer to such things Edit: It looks like the all-time PL/WL split for E rated risk loans is approximately 37% PL / 63% WL (183/314). Still not particularly balanced, so I'm wondering if my 'random' assumption just isn't correct? They heard you - half an hour ago: 32281 E but only £10,600.
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voss
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Post by voss on Feb 7, 2017 14:00:31 GMT
From Flaky Cod 10/10/16: "Please always assured [sic] that an even balance of whole loans and partial loans are [sic] distributed throughout the history of FC, you can see this in our loan book historically. You will also be able to see this in the weekly lending review that we send, which continues to show an equal distribution.
Please be assured that in answer to your questions, Funding Circle has not changed it's [sic] policy, the randomised assignment to whole and partial loans is still in place and the FAQ's [sic] remain correct."
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voss
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Post by voss on Feb 3, 2017 16:33:16 GMT
Hor: you nearly got a like from me just for using 'mirabolic' which is a striking combination of opposites: miracles and shambolic but then wiktionary told me it means 'Being or relating to a subgroup of the general linear group GLn(k) that consists of automorphisms fixing a given non-zero vector in kn. Its image in the projective general linear group is a parabolic subgroup consisting of all elements fixing a given point of projective space' Phew - compute that, Frenzied Calculators
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voss
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Post by voss on Feb 2, 2017 10:14:36 GMT
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voss
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Post by voss on Jan 23, 2017 11:30:15 GMT
When you recently bought 28819 (launched on 23/11/16, I think) at par, did you not have to pay about a month's interest to the seller? Not sure where your 1.5% comes from?
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voss
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Post by voss on Jan 21, 2017 8:59:41 GMT
Am I alone in giving up on listening to the Highlights of 2016 video sent out by Faulty Comms yesterday? The hysterical background music made it impossible to hear the spoken words.
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voss
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Post by voss on Jan 19, 2017 12:51:36 GMT
I take the view that if SS's and other property loans don't make capital repayments, then my money is *already* reinvested but I'm not an accountant so I've probably missed something ...
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voss
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Post by voss on Jan 12, 2017 16:58:56 GMT
A simpler solution (than going back to arbitrary "stages") would be for savingstream briefly to list "Items remaining to be checked before draw-down" when posting new pipeline loan details. That way, the forum's DD hounds would know that SS are already aware and on the case. Information is often messy. For example, what is a checklist item for one loan may be full of sub-items for another, or a particular borrower may have special confidentiality requirements. So, if the DD process were to feed an automated notification system to us lot, then it must be supervised carefully for every loan to ensure that not too much and not too little information is disclosed. If I was SS, I would pass on it.
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voss
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Post by voss on Jan 12, 2017 14:18:23 GMT
savingstream , when you had and used the stages system, it was clear where a loan stands and we had an indication that you were in the process of doing DD. As things stand, when we see the VR and we get a PBL number, especially when we receive an email saying that the loan is going live tomorrow, we have no other option other than to assume that your DD has been exhausted. I believe that this is what is causing many (including myself) to over react on our findings because it appears that things have been missed by yourselves. Perhaps a system similar to the stages used previously can help in this matter. Did the stages system ever work properly? There was a mismatch between the simple stages and the complex range of events that could occur in different orders during the preparation of a loan. So the former could not easily map onto the latter.
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voss
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Post by voss on Jan 10, 2017 13:40:54 GMT
My SM sales to Autobid users (ie sales at 0%) dried up at about 9:00 today and the new loan flow has slowed. I wonder if difficulty in filling 30776 A+ for £615,720 has led the Freight Controller to pull some levers.
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voss
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Post by voss on Dec 29, 2016 11:23:03 GMT
But, even holding for this pathetic amount of time has not been worth it as these loans are just so terrible that they can go pop even before 1 payment is made or shortly after the 1st. That sounds off-putting. Is there an example of a D or an E going pop (do you mean RBR?) before first payment?
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voss
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Post by voss on Dec 7, 2016 11:30:31 GMT
Agreed - I can't point to the 50:50 on their web site. However, they once said to me: "Please always assured [sic] that an even balance of whole loans and partial loans are distributed throughout the history of FC". I think that by even balance they were referring to a running total by value. I thought that the running total might be over 13 weeks as that was the length of the time axis on their (no longer available?) partial/whole loans graph.
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voss
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Post by voss on Dec 7, 2016 9:58:18 GMT
The new layout looks like Marketing got their hands on something that used to be useful but is so no longer. I used to look at the balance of partial/whole loans to see if Fishy Calculators was keeping to its promise to make the split 50:50. But that graph is no longer there.
The new page implies incorrectly at top RHC, where there is a link to log in, that I am now logged out.
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voss
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Post by voss on Nov 27, 2016 10:48:46 GMT
How well diversified were you?
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voss
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Likes: 84
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Funding Circle (FC)
E-Alert!
Nov 25, 2016 15:28:13 GMT
Post by voss on Nov 25, 2016 15:28:13 GMT
Just had an e mail from Finally Compliant to say the problem with e loan bidding is fixed Could you post what they said? I can't find any reply from them in the other place. The other place does now have a statement from Rachel: "problem fixed".
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