hantsowl
Member of DD Central
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Post by hantsowl on Sept 18, 2018 10:23:56 GMT
The "Investor Activity" (or whatever it was called) tab seems to have gone missing from each property. This is the tab which showed how frequently the property was selling on the SM and gave a useful indicator of how easily it would be to sell. Is this a software glitch or does Lendy have a legitimate reason for removing it? Lendy Support |
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spareapennyor2
Member of DD Central
Posts: 626
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Post by spareapennyor2 on Sept 18, 2018 11:22:33 GMT
Is this a software glitch or does Lendy "I have a cunning plan"
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Post by loftankerman on Sept 18, 2018 11:42:06 GMT
Maybe they decided it was pretty much redundant given the state of the SM. Just saying... However, I suppose that if present and emphasising stagnation it might be seen to be unprofitable in that it deters people from putting loan parts up for sale and handing the interest to Lendy.
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Post by brightspark on Sept 18, 2018 12:31:08 GMT
I monitor investor activity for the one loan (DFL5) I have which is not completely unsaleable. I have been logging in to it regularly. I am now denied even this simple pleasure the Lendy equivalent of watching paint dry.
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Post by patright on Sept 18, 2018 13:56:25 GMT
yet another indeed unacceptable move, without notice, no information..zero respect in this platform for us
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Post by picanto on Sept 18, 2018 14:14:28 GMT
I find this feature very useful to monitor how quickly the tranches are filling up and how liquid the secondary market is on a day to day basis. I can't see any upside for Lendy to remove it.
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Post by brightspark on Sept 18, 2018 14:19:59 GMT
The upside for Lendy is that even more may put their loan parts onto the secondary market where they languish earning zero interest for investors but loads of money for Lendy - it is probably keeping Lendy afloat!
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tx
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Post by tx on Sept 18, 2018 14:36:22 GMT
Transparency should usually get better not worse, what’s going on with Lendy? Only if being less transparent works in Lendy favour. Then the question is, what transactions does Lendy wants to hide?
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Balder
Member of DD Central
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Post by Balder on Sept 18, 2018 14:48:04 GMT
Perhaps just maybe they are getting ready to hide purchases made by the wealth products!
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invester
P2P Blogger
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Post by invester on Sept 18, 2018 15:41:11 GMT
^ That was the reason I was thinking. It might be quite apparent who the buyer is, as with supposedly £1m to burn, the purchases will be above and beyond the average here.
I am sure Lendy will be along in a while to try and claim that either it was due to customer feedback or that their legal team told them to do it.
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Monetus
Member of DD Central
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Post by Monetus on Sept 18, 2018 17:45:17 GMT
Perhaps just maybe they are getting ready to hide purchases made by the wealth products! I agree this makes a whole lot of sense and is probably the most likely reason...
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Post by loftankerman on Sept 18, 2018 17:46:11 GMT
Perhaps just maybe they are getting ready to hide purchases made by the wealth products! Potentially very cunning. If they can hoover up the dross funded by the 'Wealth' brigade who are only expecting 7% and have been told their capital is at risk, they might even be able to pull through if they really are working on better DD, valuations and recoveries.
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Post by supernumerary on Sept 18, 2018 19:13:49 GMT
Perhaps just maybe they are getting ready to hide purchases made by the wealth products! Potentially very cunning. If they can hoover up the dross funded by the 'Wealth' brigade who are only expecting 7% and have been told their capital is at risk, they might even be able to pull through if they really are working on better DD, valuations and recoveries. The ONLY way to monitor now, is to put a small amount on the secondary market for the loan you are monitoring. NOT an ideal situation though! 
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pence
Posts: 46
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Post by pence on Sept 19, 2018 9:24:49 GMT
Perhaps just maybe they are getting ready to hide purchases made by the wealth products! I agree this makes a whole lot of sense and is probably the most likely reason...
I was thinking the same. There are a few loans which are in demand - they sell in less than a minute. Lendy could automatically buy these loans for their wealth costumers automatically. And to avoid leaving any traces the activity feed gets switched off.
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gb007
Member of DD Central
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Post by gb007 on Sept 19, 2018 10:42:56 GMT
Response from Lendy Support:
"In response to some questions we've had from investors about client information potentially being exposed we have decided to temporarily remove the Recent Activity tab while we undertook a review ascertain the possible risk. We've now completed the investigation and concluded that the risk is negligible. But to eliminate the risk we will be introducing a simplified version of this feature. We'll provide further information on this in due course.
I hope that answers the question.
Kind regards,
The Lendy Team"
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