eddie
i have put up with a great deal from the likes of you people, a very great deal....
Posts: 63 
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Post by eddie on Jul 8, 2018 10:01:54 GMT
The secondry market looks better, and it occurs to me that loans have to go bad and then be subject to due diligence befor they can be dealt with. Wonder how much is down to builders and borrowers 'ligging it' because property prices are climbing quickly enough to make it worth a bit of online agro with lendy, at least till they can see where its going with seasonal price fluctuations and which way everyone jumps with the brexit clownocracy.
Overall Im feeling quite upbeat for the first time in a good while. Im sure there are a few more out there with the same sentiment.
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TheDriver
Member of DD Central
Slightly bonkers
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Post by TheDriver on Jul 8, 2018 18:10:17 GMT
Unfortunately if DD isn't done BEFORE the loan is agreed then any recovery action may be a challenging fire-fighting exercise once things go bad - as Lendy are finding out! If they were not complicit in the possibility of over-egged valuations they need to make some progress in calling them to account.
Lendy need to get a handle on the situation of all the NPLs, not just blandly accept and report spurious borrower assurances; plus keep a much better proactive monitoring of Development progress and issuing tranches.
Until I see some significant positive results on these issues I remain unconvinced of an improvement and sceptical of any assurances.
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eddie
i have put up with a great deal from the likes of you people, a very great deal....
Posts: 63
Likes: 21
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Post by eddie on Jul 8, 2018 22:58:36 GMT
Oh yes Driver, I meant due process
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Post by charliebrown on Jul 9, 2018 11:36:57 GMT
Blue skies?  Thanks for posting, Lendy. Welcome back to the forum  |
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pence
Posts: 46
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Post by pence on Jul 9, 2018 16:17:16 GMT
I also noticed that the total loan amount on the secondary market has decreased. £2,250,000 at the moment. Was 7,000,000+ 3 months ago. I'll take this a good sign.
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Post by picanto on Jul 9, 2018 16:23:25 GMT
I also noticed that the total loan amount on the secondary market has decreased. £2,250,000 at the moment. Was 7,000,000+ 3 months ago. I'll take this a good sign.
It's a positive to a degree, but you have to take into account some big loans (DFL012, DFL004) have been suspended and therefore not on the secondary market...
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pence
Posts: 46
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Post by pence on Jul 9, 2018 16:37:45 GMT
I also noticed that the total loan amount on the secondary market has decreased. £2,250,000 at the moment. Was 7,000,000+ 3 months ago. I'll take this a good sign.
It's a positive to a degree, but you have to take into account some big loans (DFL012, DFL004) have been suspended and therefore not on the secondary market... True .. but overall it looks to me that there is still some improvement.
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eddie
i have put up with a great deal from the likes of you people, a very great deal....
Posts: 63
Likes: 21
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Post by eddie on Jul 9, 2018 21:48:47 GMT
Blue skies? Thanks for posting, Lendy. Welcome back to the forum Ha Ha, hi Charlie, Ive got 14000 in defaulted loans and rose tinted specs on, so Im allowed to look for the positive side of things. The loans have to go bad befor Lendy can start to recoup the loan and interest, each case will be different. Im hoping some of mine come back soon. If we start a mexican wave it might gee them up a bit.
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Thanks for posting, Lendy. Welcome back to the forum 