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Post by Jonas Hendrickx on Feb 16, 2018 13:02:51 GMT
This is the second article in the bi-weekly series of Mintos statistics. It was received well by another community and the Mintos staff. Every 2 weeks, I will analyze the Mintos loan book portfolio and make it accessible to everyone, regardless of their background. The opinions in the article are mine and my own only, as Mintos recommends, diversity is important, don't bet on one horse. I'm not responsible for any mistakes or unforeseen bankruptcies of any of the loan originators. Before visiting, consider disabling your adblocker, as they generate revenue for keeping the website alive. Please keep discussions here on the P2P Independent Forums, as I'm not looking to steal traffic. Thanks. www.fablyfventure.com/2018/02/16/mintos-detailed-statistics-february-15-2018/Happy investing! Jonas Hendrickx |
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Post by jor1971 on Feb 19, 2018 11:48:48 GMT
Thanks Jonas, very interesting statistics.
I do not know if there would be any way to have the number of loans payed with BBG (after 60 days late) to the total.
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Post by Jonas Hendrickx on Feb 19, 2018 14:24:29 GMT
The statistics exclude loans that are finished or defaulted.
The statistics compare the amount of current loans vs total (current + grace + late)
The reason I've excluded finished loans is because there seem to be a lot of missing defaulted loans. They are probably hidden as an early finished loan.
So what I've tried to achieve instead is try to analyze the quality of the loans by checking how many are being paid on-time, as that may give a good indication already.
GetBucks, the loan originator in Botswana made a 10-13m net loss. My last analysis showed that only 20-40% of the loans were being paid on-time.
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fric
Member of DD Central
Posts: 199 
Likes: 79
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Post by fric on Feb 20, 2018 7:21:32 GMT
The statistics exclude loans that are finished or defaulted. The statistics compare the amount of current loans vs total (current + grace + late) The reason I've excluded finished loans is because there seem to be a lot of missing defaulted loans. They are probably hidden as an early finished loan. So what I've tried to achieve instead is try to analyze the quality of the loans by checking how many are being paid on-time, as that may give a good indication already. GetBucks, the loan originator in Botswana made a 10-13m net loss. My last analysis showed that only 20-40% of the loans were being paid on-time. Yeah, as far as I see you cannot really distinguish which loans were bought back due to defaults, paid in full, refinanced etc. I guess one could make a program/script that checks the individual loans once per day for their current status and other stuff. Or alternatively you could make it using the mintos loan books and use them to automatically update your own information. But even then - the buyback reason stated seems to vary between loan originators and I don't see anyone stating it was a default that triggered the buyback.
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Post by explorep2p on Feb 21, 2018 17:33:58 GMT
The statistics exclude loans that are finished or defaulted. The statistics compare the amount of current loans vs total (current + grace + late) The reason I've excluded finished loans is because there seem to be a lot of missing defaulted loans. They are probably hidden as an early finished loan. So what I've tried to achieve instead is try to analyze the quality of the loans by checking how many are being paid on-time, as that may give a good indication already. GetBucks, the loan originator in Botswana made a 10-13m net loss. My last analysis showed that only 20-40% of the loans were being paid on-time. Yeah, as far as I see you cannot really distinguish which loans were bought back due to defaults, paid in full, refinanced etc. I guess one could make a program/script that checks the individual loans once per day for their current status and other stuff. Or alternatively you could make it using the mintos loan books and use them to automatically update your own information. But even then - the buyback reason stated seems to vary between loan originators and I don't see anyone stating it was a default that triggered the buyback. It's very difficult to compare currently because it is hard to track the % of loans that each lender is making whole each month under the buyback guarantees. We've asked Mintos for this but they are unlikely to want to provide the data. In the datatapes they do provide, very few loans are shown as being bought back due to 'default'. Most are flagged as some kind of refinancing or term extension. However it is likely that a high proportion of these are in some kind of default versus the original loan terms. It's also not clear how many of these loans are being 'recycled' back into new loans / performing status on the platform.
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fric
Member of DD Central
Posts: 199
Likes: 79
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Post by fric on Feb 22, 2018 9:23:28 GMT
Yeah, as far as I see you cannot really distinguish which loans were bought back due to defaults, paid in full, refinanced etc. I guess one could make a program/script that checks the individual loans once per day for their current status and other stuff. Or alternatively you could make it using the mintos loan books and use them to automatically update your own information. But even then - the buyback reason stated seems to vary between loan originators and I don't see anyone stating it was a default that triggered the buyback. It's very difficult to compare currently because it is hard to track the % of loans that each lender is making whole each month under the buyback guarantees. We've asked Mintos for this but they are unlikely to want to provide the data. In the datatapes they do provide, very few loans are shown as being bought back due to 'default'. Most are flagged as some kind of refinancing or term extension. However it is likely that a high proportion of these are in some kind of default versus the original loan terms. It's also not clear how many of these loans are being 'recycled' back into new loans / performing status on the platform. Yeah, exactly, but its part of this business I suppose. How many loans actually default and go to bailiffs and are dealt in that kind of manner and how many are refinanced and people are drawn into bigger and longer term loans thus paying a lot more interest?
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