Loans available at a discount (AC)

What's happening with #766? 25% of £56k has switched to 1.5 discount. That must be a loss making move for the seller presumably?

I note that none of the discounted amounts come to a large proportion of the total for sale, or even a large amount by any absolute measure. So my guess is that what you're seeing here is one or two investors who, for whatever private reason, are in a hurry to get their cash out, and are prepared to take a hit to make it happen.

At these volumes I would not be inferring any particular issue with the loans (not that I've looked).

As for why they're slow to sell in the first place - well, these loans aren't especially attractive by comparison with the many other loans on the market, so why would anyone be rushing to buy them?

I have several loans on sale at the moment, at par, where again there's nothing special about them and they are shifting with glacial slowness or even less. I'm not worried about that: if I have to wait till maturity then I will, and if I feel the urgent need to shift them then I'll start offering discounts until they go.

So probably everyone's had their fill and it's only new joiners to AC with new money that are buying them via MLA and the auto-accounts.

90k of unsold #766 has been bought out @17.45ish today (I sold 2k alone!) It must be action by AC b/c my GBBA2 bought a small amount of the same loan at the same moment. The discount previously available has been collected by AC too now I assume.