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Post by michael on Nov 26, 2018 22:06:39 GMT
What does 'L' mean in the Events column?
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bg
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Post by bg on Nov 27, 2018 8:30:10 GMT
What does 'L' mean in the Events column? L = a repayment is late M = monitoring event S = suspended
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Post by michael on Nov 27, 2018 8:58:09 GMT
What does 'L' mean in the Events column? L = a repayment is late M = monitoring event S = suspended Thank you! 
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rscal
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Post by rscal on Nov 28, 2018 17:21:49 GMT
A heads up
#768 09-Nov-18 09-Dec-18 715,000 55 6.5 56 of 60 499,821 208,108 -1 9-Jul-18
Looks like they have just split the 1% 80 : 20 to 2% discount. (This loan has been selling back 'quite well' for me - with 19% of my target sold over 10 days )
£165,703.55 -2.0% discount
£41,970.25 -1.0% discount
£297,855.77 0.0% discount
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bg
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Post by bg on Nov 28, 2018 19:51:23 GMT
| Loan # | Events | Last P | First L | Next P | Amount | LTV | Rate | Term | Available | Discounted | Best Rate | Drew | | 831 | | 30-Oct-18 | | 30-Nov-18 | 845,273 | 63.1 | 7.5 | 17 of 19 | 495,032 | 132,478 | -1 | 28-Sep-18 | | 828 | | 25-Nov-18 | | 26-Dec-18 | 1,368,979 | 64 | 8 | 18 of 20 | 662,994 | 341,767 | -1 | 25-Sep-18 | | 816 | | 31-Oct-18 | | 30-Nov-18 | 2,917,668 | 59 | 9 | 13 of 15 | 719,736 | 339,728 | -1 | 31-Aug-18 | | 800 | | 21-Nov-18 | | 21-Dec-18 | 770,000 | 70 | 8 | 57 of 60 | 185,899 | 120,214 | -1 | 21-Aug-18 | | 787 | | 27-Oct-18 | | 28-Nov-18 | 1,499,397 | 70 | 8 | 14 of 18 | 422,866 | 146,886 | -1 | 27-Jul-18 | | 774 | | 14-Nov-18 | | 15-Dec-18 | 892,583 | 69 | 7 | 14 of 18 | 315,872 | 219,282 | -1 | 13-Jul-18 | | 768 | | 09-Nov-18 | | 09-Dec-18 | 715,000 | 55 | 6.5 | 56 of 60 | 503,408 | 207,674 | -2 | 9-Jul-18 | | 758 | | 30-Oct-18 | | 29-Nov-18 | 2,192,834 | 68.6 | 8 | 11 of 15 | 792,262 | 177,295 | -1 | 29-Jun-18 | | 756 | | 27-Oct-18 | | 28-Nov-18 | 340,000 | 47.9 | 6 | 7 of 12 | 181,814 | 53,960 | -1 | 28-Jun-18 | | 753 | | 25-Nov-18 | | 26-Dec-18 | 3,078,791 | 71.7 | 8 | 6 of 11 | 530,006 | 205,200 | -1 | 25-Jun-18 | | 730 | | 13-Nov-18 | | 14-Dec-18 | 961,629 | 68.2 | 7 | 18 of 24 | 608,278 | 2,729 | -1 | 14-May-18 | | 602 | M | 31-Oct-18 | | 30-Nov-18 | 1,950,000 | 60.9 | 7 | 51 of 60 | 71,190 | 75 | -1 | 31-Jan-18 | | 573 | M | 10-Nov-18 | | 10-Dec-18 | 225,000 | 52 | 7 | 48 of 60 | 5,406 | 369 | -1 | 10-Nov-17 | | 557 | M | 30-Oct-18 | | 30-Nov-18 | 189,000 | 70 | 8 | 48 of 60 | 2,859 | 4 | -1 | 30-Oct-17 | | 531 | M | 21-Sep-18 | | 22-Jan-19 | 857,000 | 70 | 8 | 47 of 60 | 53,290 | 315 | -1 | 22-Aug-17 | | 469 | | 12-Nov-18 | | 12-Dec-18 | 625,000 | 64.8 | 6 | 42 of 60 | 66,679 | 75 | -1 | 12-May-17 | | 325 | M | 09-Nov-18 | | 10-Dec-18 | 570,000 | 53.3 | 7.2 | 34 of 60 | 4,507 | 400 | -1 | 9-Sep-16 |
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rscal
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Post by rscal on Nov 29, 2018 7:39:11 GMT
A bit of a general question (about how AC works) for when we try to exit the market here.
4) When we sell out parts of the PSA and GBBA how can the different rates paid on those accounts relate to the same underlying loan book? I am assuming that they would have different liquidity in normal circumstances and that if you tried to sell half you holdings in both at once the system for the GBBA would lag the system for the PSA. [More generally, selling your stake in the MLA - such as a 'sell all' instruction would consist of some parts going to buyers quickly and other parts not selling at all]
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Nov 29, 2018 8:29:31 GMT
A bit of a general question (about how AC works) for when we try to exit the market here.
4) When we sell out parts of the PSA and GBBA how can the different rates paid on those accounts relate to the same underlying loan book? I am assuming that they would have different liquidity in normal circumstances and that if you tried to sell half you holdings in both at once the system for the GBBA would lag the system for the PSA. [More generally, selling your stake in the MLA - such as a 'sell all' instruction would consist of some parts going to buyers quickly and other parts not selling at all] I think that the rate they pay is nothing to do with selling. I had thought that all AC loans are now secured on physical property these days, so I am not sure exactly the point of the PSA. It does say low LTV, so maybe that is it. The different rates would then be the relative proportion of higher rate (and higher LTV) loans. There might be some loans which are in one of those. I think that selling liquidity will not be related to the rate. The QAA is designed to be liquid in normal circumstances and is different. In general some loan parts might sell straight away and others might take much longer, or even be suspended and not saleable at all. If you invest into the PSA or GBBA you will own loans that are generally available now. If you want to sell out after a short period of time, those loans will still be available and will be difficult/slow. After time the loans available and your portfolio will drift apart. One advantage of the MLA is that you can offer a discount on loan parts to jump to the front of the queue.
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bg
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Post by bg on Nov 29, 2018 9:42:16 GMT
A bit of a general question (about how AC works) for when we try to exit the market here.
4) When we sell out parts of the PSA and GBBA how can the different rates paid on those accounts relate to the same underlying loan book? I am assuming that they would have different liquidity in normal circumstances and that if you tried to sell half you holdings in both at once the system for the GBBA would lag the system for the PSA. [More generally, selling your stake in the MLA - such as a 'sell all' instruction would consist of some parts going to buyers quickly and other parts not selling at all] I don't quite follow what you are saying here...BUT don't think of it in terms of the rates paid by the underlying account. If you sell all of your GBBA or PSA then all that happens is every loan in that account (that isn't suspended) will be put up to sale at par and you will just have to wait until someone buys it. The actual rate the accounts pay differ because they invest in different sets of loans (although these sets overlap). So you may hold a loan that pays 8% in both accounts but you will still receive 5.5% or 6.25% on that account (respectively). The difference is paid into the provision fund. No account has any priority over any other account (MLIA, PSA, underwriter or GBBA). The speed of sale depends on simple supply and demand.
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bg
Member of DD Central
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Post by bg on Nov 29, 2018 9:45:58 GMT
More loan availability at 2% discount this morning:- | Loan # | Events | Last P | First L | Next P | Amount | LTV | Rate | Term | Available | Discounted | Best Rate | Drew | | 831 | | 30-Oct-18 | | 30-Nov-18 | 845,273 | 63.1 | 7.5 | 17 of 19 | 493,944 | 129,984 | -1 | 28-Sep-18 | | 828 | | 25-Nov-18 | | 26-Dec-18 | 1,368,979 | 64 | 8 | 18 of 20 | 680,384 | 337,053 | -1 | 25-Sep-18 | | 816 | | 31-Oct-18 | | 30-Nov-18 | 2,917,668 | 59 | 9 | 13 of 15 | 727,349 | 337,475 | -1 | 31-Aug-18 | | 800 | | 21-Nov-18 | | 21-Dec-18 | 770,000 | 70 | 8 | 57 of 60 | 188,546 | 109,594 | -1 | 21-Aug-18 | | 794 | M | 03-Nov-18 | | 03-Dec-18 | 110,000 | 50 | 6 | 57 of 60 | 2,286 | 1,485 | -1 | 3-Aug-18 | | 791 | | 31-Oct-18 | | 01-Dec-18 | 1,364,037 | 65.4 | 8.5 | 15 of 18 | 469,029 | 126,426 | -1 | 31-Jul-18 | | 787 | | 28-Nov-18 | | 28-Nov-18 | 1,499,397 | 70 | 8 | 14 of 18 | 424,129 | 146,306 | -1 | 27-Jul-18 | | 777 | | 17-Nov-18 | | 17-Dec-18 | 1,000,000 | 73.3 | 7.5 | 56 of 60 | 381,274 | 88,000 | -1 | 17-Jul-18 | | 774 | | 14-Nov-18 | | 15-Dec-18 | 892,583 | 69 | 7 | 14 of 18 | 313,620 | 217,025 | -2 | 13-Jul-18 | | 768 | | 09-Nov-18 | | 09-Dec-18 | 715,000 | 55 | 6.5 | 56 of 60 | 478,660 | 200,078 | -2 | 9-Jul-18 | | 758 | | 30-Oct-18 | | 29-Nov-18 | 2,192,834 | 68.6 | 8 | 11 of 15 | 794,860 | 173,192 | -1 | 29-Jun-18 | | 756 | | 28-Nov-18 | | 28-Nov-18 | 340,000 | 47.9 | 6 | 7 of 12 | 176,896 | 47,411 | -1 | 28-Jun-18 | | 753 | | 25-Nov-18 | | 26-Dec-18 | 3,078,791 | 71.7 | 8 | 6 of 11 | 534,699 | 202,543 | -1 | 25-Jun-18 | | 602 | M | 31-Oct-18 | | 30-Nov-18 | 1,950,000 | 60.9 | 7 | 51 of 60 | 75,786 | 65 | -1 | 31-Jan-18 | | 573 | M | 10-Nov-18 | | 10-Dec-18 | 225,000 | 52 | 7 | 48 of 60 | 6,592 | 369 | -1 | 10-Nov-17 | | 557 | M | 30-Oct-18 | | 30-Nov-18 | 189,000 | 70 | 8 | 48 of 60 | 3,449 | 4 | -1 | 30-Oct-17 | | 540 | M | 18-Nov-18 | | 18-Dec-18 | 370,000 | 69.8 | 7 | 46 of 60 | 1,567 | 404 | -2 | 18-Sep-17 | | 531 | M | 21-Sep-18 | | 22-Jan-19 | 857,000 | 70 | 8 | 47 of 60 | 53,276 | 315 | -1 | 22-Aug-17 | | 325 | M | 09-Nov-18 | | 10-Dec-18 | 570,000 | 53.3 | 7.2 | 34 of 60 | 6,803 | 400 | -1 | 9-Sep-16 |
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rscal
Posts: 985
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Post by rscal on Nov 30, 2018 10:27:59 GMT
A bit of a general question (about how AC works) for when we try to exit the market here.
4) When we sell out parts of the PSA and GBBA how can the different rates paid on those accounts relate to the same underlying loan book? I am assuming that they would have different liquidity in normal circumstances and that if you tried to sell half you holdings in both at once the system for the GBBA would lag the system for the PSA. [More generally, selling your stake in the MLA - such as a 'sell all' instruction would consist of some parts going to buyers quickly and other parts not selling at all] I think that the rate they pay is nothing to do with selling. I had thought that all AC loans are now secured on physical property these days, so I am not sure exactly the point of the PSA. It does say low LTV, so maybe that is it. The different rates would then be the relative proportion of higher rate (and higher LTV) loans. There might be some loans which are in one of those. I think that selling liquidity will not be related to the rate. The QAA is designed to be liquid in normal circumstances and is different. In general some loan parts might sell straight away and others might take much longer, or even be suspended and not saleable at all. If you invest into the PSA or GBBA you will own loans that are generally available now. If you want to sell out after a short period of time, those loans will still be available and will be difficult/slow. After time the loans available and your portfolio will drift apart.One advantage of the MLA is that you can offer a discount on loan parts to jump to the front of the queue. I sold a bit of PSA yesterday and took a look at the transactions: every loan sold was one not in my MLA. I also observed parts of the same loans sold from the PSA being 'swapped' from the GBBA to PSA with other loans in the PSA not to be sold. (Interesting detail)
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Post by hammertime on Dec 1, 2018 13:17:45 GMT
In my loans i have about 4% which is either in default or with not a great chance of recovery is this a good or bad percentage. This is over 15 months . With two thirds of my investment getting 11% in the MLA. And the other third in the 30DA getting 5.1%.
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bg
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Post by bg on Dec 3, 2018 18:22:40 GMT
| Loan # | Events | Last P | First L | Next P | Amount | LTV | Rate | Term | Available | Discounted | Best Rate | Drew | | 831 | | 30-Nov-18 | | 30-Dec-18 | 845,273 | 63.1 | 7.5 | 17 of 19 | 489,050 | 123,632 | -1 | 28-Sep-18 | | 828 | | 25-Nov-18 | | 26-Dec-18 | 1,368,979 | 64 | 8 | 18 of 20 | 671,675 | 328,998 | -1 | 25-Sep-18 | | 794 | M | 03-Nov-18 | | 03-Dec-18 | 110,000 | 50 | 6 | 57 of 60 | 1,774 | 846 | -1 | 3-Aug-18 | | 791 | L | 31-Oct-18 | 01-Dec-18 | 31-Dec-18 | 1,364,037 | 65.4 | 8.5 | 14 of 18 | 456,199 | 98,721 | -1 | 31-Jul-18 | | 787 | | 28-Nov-18 | | 28-Dec-18 | 1,499,397 | 70 | 8 | 14 of 18 | 413,557 | 136,412 | -1 | 27-Jul-18 | | 777 | | 17-Nov-18 | | 17-Dec-18 | 1,000,000 | 73.3 | 7.5 | 56 of 60 | 336,253 | 37,101 | -1 | 17-Jul-18 | | 774 | | 14-Nov-18 | | 12-Dec-18 | 941,525 | 69 | 7 | 14 of 18 | 309,916 | 209,139 | -1 | 13-Jul-18 | | 768 | | 09-Nov-18 | | 09-Dec-18 | 715,000 | 55 | 6.5 | 56 of 60 | 485,811 | 194,915 | -1.5 | 9-Jul-18 | | 758 | | 29-Nov-18 | | 30-Dec-18 | 2,192,834 | 68.6 | 8 | 10 of 15 | 786,293 | 166,545 | -1 | 29-Jun-18 | | 756 | | 28-Nov-18 | | 28-Dec-18 | 340,000 | 47.9 | 6 | 7 of 12 | 180,853 | 43,624 | -1 | 28-Jun-18 | | 753 | L | 25-Nov-18 | 25-Nov-18 | 26-Dec-18 | 3,078,791 | 71.7 | 8 | 6 of 11 | 534,538 | 199,993 | -1 | 25-Jun-18 | | 602 | ML | 31-Oct-18 | 30-Nov-18 | 31-Dec-18 | 1,950,000 | 60.9 | 7 | 51 of 60 | 82,625 | 1,099 | -1 | 31-Jan-18 | | 573 | M | 10-Nov-18 | | 10-Dec-18 | 225,000 | 52 | 7 | 48 of 60 | 7,109 | 643 | -1 | 10-Nov-17 | | 408 | ML | 02-Nov-18 | 02-Dec-18 | 02-Jan-19 | 210,000 | 69.4 | 7.9 | 39 of 60 | 15,098 | 485 | -1 | 2-Feb-17 | | 325 | M | 09-Nov-18 | | 10-Dec-18 | 570,000 | 53.3 | 7.2 | 34 of 60 | 7,865 | 17 | -1 | 9-Sep-16 | | 295 | ML | 27-Oct-18 | 28-Nov-18 | 28-Dec-18 | 1,720,000 | 57.3 | 9 | 8 of 36 | 151,346 | 84 | -1 | 28-Jun-16 |
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bg
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Post by bg on Dec 11, 2018 7:43:49 GMT
| Loan # | Events | Last P | First L | Next P | Amount | LTV | Rate | Term | Available | Discounted | Best Rate | Drew | | 831 | | 30-Nov-18 | | 30-Dec-18 | 845,273 | 63.1 | 7.5 | 17 of 19 | 489,099 | 120,139 | -1 | 28-Sep-18 | | 828 | | 25-Nov-18 | | 26-Dec-18 | 1,368,979 | 64 | 8 | 18 of 20 | 642,888 | 302,992 | -1 | 25-Sep-18 | | 816 | | 30-Nov-18 | | 31-Dec-18 | 2,917,668 | 59 | 9 | 12 of 15 | 751,211 | 252,145 | -1 | 31-Aug-18 | | 794 | M | 03-Dec-18 | | 03-Jan-19 | 110,000 | 50 | 6 | 56 of 60 | 2,126 | 644 | -1 | 3-Aug-18 | | 791 | | 01-Dec-18 | | 31-Dec-18 | 1,427,370 | 65.4 | 8.5 | 14 of 18 | 451,090 | 76,990 | -1 | 31-Jul-18 | | 787 | | 28-Nov-18 | | 28-Dec-18 | 1,499,397 | 70 | 8 | 14 of 18 | 404,731 | 119,632 | -1 | 27-Jul-18 | | 774 | | 14-Nov-18 | | 12-Dec-18 | 941,525 | 69 | 7 | 14 of 18 | 312,210 | 210,223 | -1 | 13-Jul-18 | | 766 | L | 09-Nov-18 | 09-Dec-18 | 09-Jan-19 | 255,000 | 70.8 | 7 | 56 of 60 | 135,295 | 43,075 | -1 | 9-Jul-18 | | 768 | | 09-Dec-18 | | 09-Jan-19 | 715,000 | 55 | 6.5 | 55 of 60 | 486,313 | 189,610 | -1 | 9-Jul-18 | | 758 | | 29-Nov-18 | | 30-Dec-18 | 2,192,834 | 68.6 | 8 | 10 of 15 | 766,758 | 152,889 | -1 | 29-Jun-18 | | 756 | | 28-Nov-18 | | 28-Dec-18 | 340,000 | 47.9 | 6 | 7 of 12 | 168,212 | 34,974 | -1 | 28-Jun-18 | | 753 | L | 25-Nov-18 | 25-Nov-18 | 26-Dec-18 | 3,078,791 | 71.7 | 8 | 5 of 11 | 528,144 | 186,364 | -1 | 25-Jun-18 | | 711 | M | 27-Nov-18 | | 27-Dec-18 | 430,000 | 74.8 | 7.5 | 53 of 60 | 5,360 | 17 | -1 | 27-Apr-18 | | 557 | M | 30-Nov-18 | | 30-Dec-18 | 189,000 | 70 | 8 | 47 of 60 | 7,378 | 25 | -1 | 30-Oct-17 | | 408 | ML | 02-Nov-18 | 02-Dec-18 | 02-Jan-19 | 210,000 | 69.4 | 7.9 | 39 of 60 | 15,331 | 320 | -1 | 2-Feb-17 |
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bg
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Post by bg on Dec 16, 2018 10:44:16 GMT
| Loan # | Events | Last P | First L | Next P | Amount | LTV | Rate | Term | Available | Discounted | Best Rate | Drew | | 831 | | 30-Nov-18 | | 30-Dec-18 | 845,273 | 63.1 | 7.5 | 17 of 19 | 486,870 | 118,305 | -1 | 28-Sep-18 | | 828 | | 25-Nov-18 | | 26-Dec-18 | 1,368,979 | 64 | 8 | 18 of 20 | 641,383 | 291,323 | -1 | 25-Sep-18 | | 816 | | 30-Nov-18 | | 31-Dec-18 | 2,917,668 | 59 | 9 | 12 of 15 | 721,573 | 221,456 | -1 | 31-Aug-18 | | 791 | | 01-Dec-18 | | 31-Dec-18 | 1,427,370 | 65.4 | 8.5 | 14 of 18 | 438,304 | 60,703 | -1 | 31-Jul-18 | | 787 | | 28-Nov-18 | | 28-Dec-18 | 1,499,397 | 70 | 8 | 14 of 18 | 399,313 | 110,913 | -1 | 27-Jul-18 | | 774 | | 12-Dec-18 | | 12-Jan-19 | 941,525 | 69 | 7 | 13 of 18 | 311,378 | 209,224 | -1 | 13-Jul-18 | | 766 | | 09-Dec-18 | | 09-Jan-19 | 255,000 | 70.8 | 7 | 55 of 60 | 132,945 | 40,605 | -1 | 9-Jul-18 | | 768 | | 09-Dec-18 | | 09-Jan-19 | 715,000 | 55 | 6.5 | 55 of 60 | 486,404 | 186,168 | -1 | 9-Jul-18 | | 758 | | 29-Nov-18 | | 30-Dec-18 | 2,475,285 | 68.6 | 8 | 10 of 15 | 757,124 | 145,534 | -1 | 29-Jun-18 | | 753 | | 25-Nov-18 | | 26-Dec-18 | 3,078,791 | 71.7 | 8 | 5 of 11 | 521,436 | 181,344 | -1 | 25-Jun-18 | | 665 | | 14-Dec-18 | | 14-Jan-19 | 362,500 | 50 | 6 | 2 of 11 | 84,296 | 79 | -1 | 14-Mar-18 | | 587 | M | 20-Nov-18 | | 20-Dec-18 | 370,000 | 69.8 | 7.5 | 19 of 30 | 8,770 | 747 | -1 | 20-Dec-17 |
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loadsahope
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Post by loadsahope on Dec 16, 2018 15:51:17 GMT
Has anyone worked out what the tax position is when you buy at a discount. Is the increase income or capital gains? Does AC report it in the annual tax statement?
Cheers Loadsa
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