chunkie
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Post by chunkie on Jan 16, 2018 17:47:39 GMT
I believe there are currently nine Suspended loans (in addition to those since moved to DEF): DFL002, DFL016, DFL017, PBL084, DFL157, DFL158, PBL161, PBL166, and PBL167
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chunkie
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Post by chunkie on Jan 12, 2018 12:26:12 GMT
Response from FS today: "Thank you for your email. We are still looking into further sales routes and auctions at the moment. Once we have one an update will be posted on the loan page with a date"
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chunkie
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Post by chunkie on Jan 11, 2018 15:40:20 GMT
DFL024 went "out of term" (OOT) today adding another 2 million to the list of OOT, DEF and SUS (these now combine to 39.5% of all LIVE/DEF/SUS loans).
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chunkie
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Post by chunkie on Jan 8, 2018 14:48:53 GMT
I guess it depends what one is trying to measure and I might do your calculation tomorrow but I imagine the ones that have repaid are the vast majority. If you do the calculation suggested by GSV3MIaC you may find the results don't look very good that way either. Yes there have been a number of repaid loans that would help the picture, but removing the loans that haven't reached maturity yet will counterbalance that. What you'd be left with is the fraction of loans that should have been repaid by now that didn't -- and I'd expect that fraction to be significant. Then there's the question of SUS loans. I'd add them into the equation because I consider them to be non-performing as well, and the 'sick loans' fraction will be even greater. I suspect it's not going to be a pretty picture.
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chunkie
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Post by chunkie on Jan 7, 2018 19:10:30 GMT
IMO your percentage is worked out on the wrong basis .. should be percentage of the loans which should have repaid by now (i.e. the duds, plus the ones which actually did repay). 'Percentage of all loans' can be kept looking only slightly shoddy by adding new ones faster than old ones go bad. I guess it depends what one is trying to measure and I might do your calculation tomorrow but I imagine the ones that have repaid are the vast majority. My calculation is merely trying to follow the trend of those seemingly at a higher risk i.e. late or defaulted or suspended compared to those still in term.
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chunkie
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Post by chunkie on Jan 6, 2018 19:13:02 GMT
Are there any recent suspensions? These are the ones I'm already aware of (excluding those already moved to DEF):
DFL002
DFL016
DFL017
PBL084
DFL157
DFL158
PBL161
PBL166
PBL167
Including SUS, DEF and out-of-terms, DFL005 takes us (tomorrow) to a combined 38.6% (expressed as a % of LIVE+DEF loans).
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chunkie
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Post by chunkie on Jan 5, 2018 12:36:05 GMT
2nd Loan (1890454918) Update today: As the refinance has taken longer than expected, we are currently raising fresh funds to pay the interest. Once the new loan has been funded (currently 55%), the loans in the second tranche will be put up for renewal in chronological order.
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chunkie
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Post by chunkie on Jan 4, 2018 12:27:21 GMT
I'm in the fourth loan but only a very small amount. It just irritates me that FS is loaning more monies when the fourth loan is overdue.
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chunkie
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Post by chunkie on Jan 3, 2018 15:33:47 GMT
My exchange with Evie if FS today: Chunkie: I see you have posted a new loan (1271951285): does this mean loan 1890454918 (land in St. Lytham St. Anne's) is to be repaid? If not, what is the prognosis re 1890454918? Evie: The new St Annes loan is a complete new loan. The loan 1890454918 is to be renewed. Chunkie: Thx but when will it be renewed? Evie: We do not have a set date at this time but once we have full information we will post an update regarding the 1890454918 loan Chunkie: Four weeks ago FS said "Borrower believes they are about 2 weeks from realising some cash to renew the loan. We have therefore given a further 2 weeks. If not sorted, a new loan will be put on the platform to raise cash for renewing this loan" Evie: Although it is for the same facility, each loan is to fund different tranches/ areas of the facility. Therefore each loan is on the same asset, the loans are ranked in order to make sure that each loan is repaid in the order that it was taken out. For example the first loan will be repaid first. Chunkie: It still doesn't make sense to issue a new loan when others are in arrears!
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chunkie
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Post by chunkie on Jan 3, 2018 15:14:33 GMT
FS just advised me "I (Evie) have just spoken to the person in charge of the Harwood loan and it will be renewed this week"
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chunkie
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Post by chunkie on Jan 3, 2018 15:08:03 GMT
Loan 6092553685: On 13/11/2017 FS update on loan stated "Interest has been received. We are awaiting updated photos prior to issuing the renewal". Six weeks have since elapsed; I wonder what is happening? Is the implication insufficient progress has been made against monies taken?
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chunkie
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Post by chunkie on Jan 3, 2018 14:59:14 GMT
I see FS has posted a new loan (1271951285): does this mean loan 1890454918 (land in St. Lytham St. Anne's) is to be repaid?
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chunkie
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Post by chunkie on Jan 1, 2018 14:54:50 GMT
Despite the record repayments in Oct 2017, Lendy's 2nd half year repayments were the lowest half year for 18 months: 2nd half 2016: £49,855,628 1st half 2017: £43,575,949 2nd half 2017: £38,332,389
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chunkie
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Post by chunkie on Dec 24, 2017 20:12:29 GMT
Thx, I must have missed that. I hope the accommodations are of better appearance than the sheds in Pickering!
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chunkie
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Post by chunkie on Dec 24, 2017 20:11:13 GMT
I just realized the eventual operator (owner?) of this leisure facility is the same as for DFL019. A Dec 5th article is available for viewing on line at The Herald (Paignton). Ly told us at the launch of DFL5 they were first funding an extension of PBL35, the precursor to DFL19.
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