ton27
Member of DD Central
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Post by ton27 on Jul 18, 2018 21:23:23 GMT
I have a 12/13% exposure so amreally p****d off as I have never invested in Col. Together with my other Watchlist and Recovery Loans I willnot be investing any time soon in BM and would warn others not to do so - no transparency and turningout to be a high risk platform.
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Post by stevefindlay on Jul 24, 2018 21:02:50 GMT
The Collateral situation has not had a material impact on the overall shape of the loan book on BondMason. Clearly, many investors have understandably focused on this issue, given its distinction from a credit failure at the individual loan level. As a reminder, we apply a tight criteria to classifying a loan as Watchlist (or Recovery etc), which can make like for like comparisons with other platforms difficult. Nonetheless, this post sets outs the typically journey for loans across the platform: p2pindependentforum.com/thread/12820/life-bondmason-watchlist-recovery-defaultThe total losses remain below 0.4%. Annualised this is less than 0.2%. |
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Greenwood2
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Post by Greenwood2 on Aug 26, 2018 8:51:23 GMT
Now we know BondMason will have a representative on the creditor committee will they be communicating on progress with their affected lenders, either via this forum or by email to individual lenders?
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pom
Member of DD Central
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Post by pom on Aug 26, 2018 12:47:00 GMT
Now we know BondMason will have a representative on the creditor committee will they be communicating on progress with their affected lenders, either via this forum or by email to individual lenders? Unlikely, because NDA
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Aug 26, 2018 12:57:50 GMT
Now we know BondMason will have a representative on the creditor committee will they be communicating on progress with their affected lenders, either via this forum or by email to individual lenders? Unlikely, because NDA Within the boundaries of the NDA, Monetus has said he will report as much as he is allowed to.
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Post by roberti on Aug 30, 2018 6:41:40 GMT
I have a 12/13% exposure so amreally p****d off as I have never invested in Col. Together with my other Watchlist and Recovery Loans I willnot be investing any time soon in BM and would warn others not to do so - no transparency and turningout to be a high risk platform. I'm also very disappointed with my painful exposure to Col Loans within BM 'Recovery' Listings Sadly, there is REAL potential for my gains (1Year+) to be completely wiped out. One of the reasons I opted for BM was their DD. I just read within a P2P Financial News article : "Huddle is not the only firm to express an interest in Collateral’s loanbook. P2P investment manager
BondMason, HNW Lending and Ablrate – which now owns an equity stake in Huddle – have also thrown their hats into the ring"
Yet not an email message from BM to its investors, to at least to explain the situation to those with COL 'Assets' Why is this? ........ Do we not deserve an acknowledgement via BM platform...... Not impressed! Come on Steve... why should I/we have to read about the COL Loanbook elsewhere? Kind Regards to ALL, Robert
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zlb
Member of DD Central
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Post by zlb on Sept 20, 2018 18:27:07 GMT
I have a 12/13% exposure so amreally p****d off as I have never invested in Col. Together with my other Watchlist and Recovery Loans I willnot be investing any time soon in BM and would warn others not to do so - no transparency and turningout to be a high risk platform. I'm also very disappointed with my painful exposure to Col Loans within BM 'Recovery' Listings Sadly, there is REAL potential for my gains (1Year+) to be completely wiped out. One of the reasons I opted for BM was their DD. I just read within a P2P Financial News article : "Huddle is not the only firm to express an interest in Collateral’s loanbook. P2P investment manager
BondMason, HNW Lending and Ablrate – which now owns an equity stake in Huddle – have also thrown their hats into the ring"
Yet not an email message from BM to its investors, to at least to explain the situation to those with COL 'Assets' Why is this? ........ Do we not deserve an acknowledgement via BM platform...... Not impressed! Come on Steve... why should I/we have to read about the COL Loanbook elsewhere? Kind Regards to ALL, Robert Are these the loans which are described as "Sep 2018: The lending platform is in Administration. The Administrators are pursuing[...]"? what about those listed with same info in 2017? If 2017 are the COL loans, then who's gone into administration this year that BM loan to? I've got way more than I've earned in interest, in these administration defaults. In fact these gone into admin defaults amount to 20% of my original deposit.
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Post by stevefindlay on Sept 29, 2018 18:56:04 GMT
As noted elsewhere, any information relating to the Collateral process is under strict NDA.
We are being careful with loan updates to ensure that no sensitive information can be determined.
Nonetheless, we are focused to achieve the best possible outcome for our clients, and private investors in Coll loans. The process will take some time, so patience is required.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
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Post by ozboy on Sept 29, 2018 21:31:43 GMT
As noted elsewhere, any information relating to the Collateral process is under strict NDA. We are being careful with loan updates to ensure that no sensitive information can be determined. Nonetheless, we are focused to achieve the best possible outcome for our clients, and private investors in Coll loans. The process will take some time, so patience is required. At £500 per hour, not tooooooooooo long I trust. 
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