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Post by valueinvestor123 on Nov 16, 2017 10:08:03 GMT
If you put your loan parts for sale, is the interest still being earned (until somebody buys your loan) or as soon as it is on the market, you stop receiving interest?
thanks
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garfield
Member of DD Central
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Post by garfield on Nov 16, 2017 10:14:52 GMT
Hi, interest is stopped the day a loan part is listed for sale. The buyer receives interest from the purchase date. Lendy take the interest whilst the part is in the sale queue towards admin. Note: this is not popular!! Especially when Lendy dive to the front of the queue with new tranches of DFLs that haven't filled. It's been discussed in a few places in this forum.
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elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
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Post by elliotn on Nov 16, 2017 14:27:08 GMT
If you put your loan parts for sale, is the interest still being earned (until somebody buys your loan) or as soon as it is on the market, you stop receiving interest? thanks You lose interest for each day listed but can de-list before midnight and keep thay day's interest. Edit - given recent policy changes worth dropping Ly an email to confirm.
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Post by sirkillalot on Nov 16, 2017 14:34:10 GMT
You could ignore the loss of interest when the SM was highly liquid, but it become a real factor on the unpopular loans
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Post by GSV3MIaC on Nov 16, 2017 15:54:01 GMT
If you put your loan parts for sale, is the interest still being earned (until somebody buys your loan) or as soon as it is on the market, you stop receiving interest? thanks You lose interest for each day listed but can de-list before midnight and keep thay day's interest. Edit - given recent policy changes worth dropping Ly an email to confirm. I think/thought they now track the amount of time a part if for sale 'by the hour and minute', so maybe delisting at 11:58 PM is no longer a viable tactic. It's rather hard to work it out, since parts seem to show a running total of 'for sale time', not all of which may apply to the current interest period? Frankly I gave up when they made it so complicated they couldn't get it right either ..
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