agent69
Member of DD Central
Posts: 6,030 
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4066
Nov 19, 2013 18:08:27 GMT
Post by agent69 on Nov 19, 2013 18:08:27 GMT
Anyone know why this asset secured loan is filling so slowly.
Decent looking company with good payment record on previous loans.
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oldgrumpy
Member of DD Central
Posts: 5,087
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4066
Nov 19, 2013 18:20:35 GMT
Post by oldgrumpy on Nov 19, 2013 18:20:35 GMT
There are a dozen or so loans listed about that time which have all been filling more slowly from the beginning than loans listings after them. I almost commented a couple of days ago.
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agent69
Member of DD Central
Posts: 6,030
Likes: 4,431
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4066
Nov 19, 2013 18:31:02 GMT
Post by agent69 on Nov 19, 2013 18:31:02 GMT
There are a dozen or so loans listed about that time which have all been filling more slowly from the beginning than loans listings after them. I almost commented a couple of days ago. Might be some decent deals to be had later in the week then?
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4066
Nov 19, 2013 19:41:00 GMT
Post by mead187 on Nov 19, 2013 19:41:00 GMT
There are a dozen or so loans listed about that time which have all been filling more slowly from the beginning than loans listings after them. I almost commented a couple of days ago. Might be some decent deals to be had later in the week then? might get some good rates on 4061 at the pace its filling
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agent69
Member of DD Central
Posts: 6,030
Likes: 4,431
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4066
Nov 19, 2013 21:29:03 GMT
Post by agent69 on Nov 19, 2013 21:29:03 GMT
Thing I can't understand is that even though the loans aren't filling, there are still loads of people bidding at the minimum rate!
Still, at least it keeps the overall rate respectable, so hopefully the loans will still be taken up
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jimbo
Posts: 234
Likes: 42
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4066
Nov 19, 2013 22:32:25 GMT
Post by jimbo on Nov 19, 2013 22:32:25 GMT
That's Autobid for you...  |
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merlin
Minor shareholder in Assetz and many other companies.
Posts: 902
Likes: 302
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4066
Nov 19, 2013 22:37:31 GMT
Post by merlin on Nov 19, 2013 22:37:31 GMT
I am as puzzled as the rest of you but there are many reasons why this may be happening. Maybe there are less autobidders in the market. Maybe at last there is less loose cash around trying to find a home. Maybe the larger size loans are no longer popular. There's loads and loads of reasons but I do hope the cause is less loose cash in the market because if this continues rates will inevitably go higher.
I noticed that FC are putting up rates again next month by .1% on the middle bands a slower rate than before. I had hoped that they would progressively push rates to the level that achieved back in the early summer. What were they? I have forgotten but I think it was A = 7.5%, B = 9.3% and C = 10.5%.
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4066
Nov 19, 2013 22:51:41 GMT
Post by mrclondon on Nov 19, 2013 22:51:41 GMT
Both these were listed on Friday and I've noticed over recent weeks that Friday requests are much slower to get going than those earlier in the week - everybody seems to leave the Friday batch to look at over the weekend. But last Thursday/Friday saw a deluge of loans appear and as I alluded to on the other thread the effort to do even basic due dilligence probably put some people off looking at this batch of requests altogether.
Both 4066/4061 and 4068 all look reasonable propositions IMO, and all have had a sensible stab at Q&A. So yes, definately worth watching on Friday.
Another clear example of this batch of loans being ignored is 4065 £35k C still available to bid 10.1%. Admittedly this one has only been trading for 2 years and the credit score is all over the show, but on recent history this would have been expected to converge close to MBR by now.
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