aju
Member of DD Central
Posts: 3,500
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Post by aju on Nov 24, 2018 16:41:19 GMT
Zopa seems to have updated the defaults tables on 12/09/2018, previously it was Dec 2017 - I think!. I kept track of the previous data as a measure against my own defaults performance so I decided to have a look at the new data relevant to the old data. So I then though it might help others to see the old data side by side with the new data so I created a table of this and hopefully you can see it below. You will have to click it to see though!. I was curious about the changes in the table for defaults for 2008 that curiously seem to have reduced slightly - I'm not sure why loans percentage might decrease unless they reflect loans that were in default and then were settled in full perhaps. Note: in my table I show the latest defaults as Nov17, as that's when I loaded them - the actual data at this time is stamped with Sep 2018. You can see the most recent Zopa tables here. My tables are the reverse of Zopas just because its easier to add the latest year onto the bottom in my spreadsheets I am using.
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Post by propman on Nov 27, 2018 10:22:19 GMT
Many thanks.
The defaults are stated to be net of recoveries, so I would expect that the defaults will drift down a little. before this sale, recoveries continued for many years with no end date. As some repayment schedules will take decades to repay in full, no reason why the recoveries are limited to 4 years, but defaults will not increase further after just over 5 years (when last O/S loan payment more than 3 months late).
Interesting picture, particularly 2016 where they initially reduced their expected defaults only to have them come in above initial expectations.
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