jm72
Posts: 109 
Likes: 2
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Post by jm72 on Jul 25, 2014 20:25:33 GMT
After running at approximately 50% of total number of loans, today there seemed to be 13 whole loans and only 3 loans for us poor punters (assuming there weren't a lot of CUs on listings or really small loans that were accepted immediately)
Only new loans I saw listed were 7107, 7112 and 7121.
Is this a sign of things to come? or just a desire to fill the three property loans?
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Post by GSV3MIaC on Jul 25, 2014 20:35:03 GMT
You missed 7096 and 7099, but maybe you counted those as yesterday's whole loans (which we assume there were).
Yes, after a pretty good start to the week, it fizzled rather badly today.
I am faintly amazed at the speed the property loans are filling up at .. must be that magic (and much abused) word 'security'. 8>.
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Post by aloanatlast on Jul 31, 2014 9:37:46 GMT
Wasn't there going to be a fixed percentage or something? I see a lot of management going on.
And obviously the ones that trickle down aren't the pick of the bunch. The bread and butter may still be bread and butter, but there used to be jam, and now the jam is all licked off.
I'm going to start getting annoyed when FC portrays itself to the media as a P2P, because that's no longer where it's at.
And the regulator may need to look at how FC portrays itself to lenders. In the retail consumer market, FC is now a grey-market operator, like those outlet shops that sell factory seconds and ends-of-lines.
OK I shop there, I get good stuff cheap, but I'm aware that somebody is dumping and has a reason.
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jimbo
Posts: 234
Likes: 42
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Post by jimbo on Jul 31, 2014 10:52:52 GMT
I too am starting to get annoyed with FC and the whole loan trial, along with the business of the loan book becoming unavailable due to an upgrade. It's taking long enough for the upgrade to take place, and I'm sure it's merely just a coincidence that the loan book provided the only concrete way to identify accepted whole loans...
I cannot help but feel that whenever I log on these days, I'm being implicitly channeled towards property loans in which I have little interest in investing. Much more of this and I'll be pulling out ; especially if Funding Knight can increase their loan throughput...
So much for openness and transparency...
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