pikestaff
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Post by pikestaff on Oct 22, 2014 22:22:40 GMT
...I already have to use a massive python program to make any sense of TC insane transactions... I'm not a programmer. and do it all with an Excel analysis of the cash transactions with some manual intervention. I can reconcile most months in half an hour or so, but sometimes TC do something really stupid and it takes longer  . That's with about 70 loan parts over about 60 loans and very little secondary market activity. I'd not like try anything similar in AC's brave new world. but then I've not felt the need to (so far).
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star dust
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Post by star dust on Oct 22, 2014 23:09:52 GMT
Yes! !00%  Accrued interest is being actively worked on to include the historic figures. Expect a couple of jitters as we shift and change the calculations over the next 24 hours. , my accrued interest on every loan is currently £0.00! I kind of guessed something was being adjusted but have spent some time trying to check statements/ individual loans etc, check back on print-outs and screen shots in the hope I had enough evidence to query if necessary and then start looking through some 30+ pages on different threads to see what might be going on. Fortunately I found out only a few pages back, but couldn't you have put some kind of flag up in users accounts to tell them this, it was pretty disconcerting. Needless to say I have been absent for most of the time in the last couple of days and just very briefly looked in to try and work out what on earth is going on. Looks like I've missed most of the 'fun'  ? (or was that the odd flying pig/ banana?) and I can see I'm going to have a lot of catching up to do this weekend!
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Post by Ton ⓉⓞⓃ on Oct 23, 2014 0:12:42 GMT
chris, for mouse users please consider re-setting the dropdown menus on the top bar so that they reveal on hover rather than on click. I find clicking to reveal better personally, I really don't like it when a menu suddenly appears and then won't disappear 'coz my cursor just glanced the edge of it... chris my votes is no unless you're gonna make it customizable...
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Post by Ton ⓉⓞⓃ on Oct 23, 2014 0:47:58 GMT
Never made that promise, my reply was that it was dealt with in the new platform. The reason people were asking for the off switch was so that they could move funds around - this is dealt with in the new platform as funds are segregated. There is no off button though, we did include one but found it very confusing in practice when doing our user testing. So could someone clarify, some minor niggles which some already fixed, but a problem with amortisation that has to be manually controlled. So what can be done to avoid my loans being topped up every time capital is repaid other than a manually reset target or a 0.00 in my MLIA. I have a lot of time on my hands however I would prefer not to spend it on the Assetz site know matter how pretty it now looks. On amortization, I think it's still being looker into by AC, there's a poll thread so do vote on the issue. For the moment I'm playing with them manually, but I don't think setting it to 0.00 will help, in fact won't that just sell everything??? So be careful, several person have sold whole or part of loans by accident.
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Post by Ton ⓉⓞⓃ on Oct 23, 2014 0:58:42 GMT
No. I'm with you on this, and would actually prefer my holding in a loan with B+M security to amortise in the opposite direction. When the LTV is down to single figures, why would it be risky to hold all of it? So we'll share the 10k between us for the last month  Or will we have to resort to an arm wrestle?  Phew!!! I'm well used to swimming against the tide, dancing to my own tune, and generally operating on the contrarian side, but even I was starting to feel lonely on this one - happy to share! I'm very comfortable with doing things differently, but it only really works if people challenge you about it regularly enough so that you know you have considered the alternatives adequately. Occasionally, I find I haven't  . There can be a lot of benefit in doing what you're certain of if it's against the tide. Group think can be stupid think. 'One More Thing' I have against that is AC visited the borrowers at the beginning and 'kicked the tyres' and whilst an audit isn't made I have more confidence in the beginning of the loan because of that activity, I know there are phone calls, accounts, P&L's, RM & QS visits etc after that.
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mikes1531
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Post by mikes1531 on Oct 23, 2014 1:51:12 GMT
chris, for mouse users please consider re-setting the dropdown menus on the top bar so that they reveal on hover rather than on click. I find clicking to reveal better personally, I really don't like it when a menu suddenly appears and then won't disappear 'coz my cursor just glanced the edge of it... chris my votes is no unless you're gonna make it customizable... I'd prefer that the menus dropped down when I hovered over them, because it would mean I could get to my loans or to browse loans with just one click instead of the two required now. If I hover -- or pass over -- and the menu drops down, if I then move my cursor elsewhere it ought to be possible to make the drop-down menu disappear, and that should address Ton ⓉⓞⓃ's concern.
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mikes1531
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Post by mikes1531 on Oct 23, 2014 2:04:12 GMT
I considered though, that as the ltv would be relatively small by the time you got towards the end of the loan... This is not always the case. Some 5-year loans do self-amortise over the term, but some -- and I'd venture to say most -- do not, as their payments are set based on a 10-year, 15-year, or even a 20-year amortisation rate. The one that comes to mind first is the Scottish Property loan (#86), which is a £110k loan but after 59 monthly payments of principal and interest the capital portion of the bullet payment is more than £101k. So 92% of the original loan still is outstanding at the end of the 5-yerar term. I consider that loan to be essentially the same as an interest-only loan.
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niceguy37
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Post by niceguy37 on Oct 23, 2014 8:36:21 GMT
...I already have to use a massive python program to make any sense of TC insane transactions... I'm not a programmer. and do it all with an Excel analysis of the cash transactions with some manual intervention. I can reconcile most months in half an hour or so, but sometimes TC do something really stupid and it takes longer . That's with about 70 loan parts over about 60 loans and very little secondary market activity. I'd not like try anything similar in AC's brave new world. but then I've not felt the need to (so far). This is exactly the reason I suggest reworking the algorithm that split loans parts up into many small fragments when demand exceeds supply. Instead of allocating pennies to each interested buyer it would be better to just randomly allocate £10 chunks. You might get £10 or you might get nothing, but the volume of transactions to read, scroll through, check and reconcile would be dramatically reduced. I'm a programmer but I've got better things to do than write programs to reconcile downloaded statements. To be fair to AC I guess they were thinking it wouldn't matter having lots of small transactions since the new system amalgamates them all together once outstanding interest is paid, but I don't think they realised the volume of transactions that would be created, and which their database will need to store and process. I think the new system trading allowing trading in small amounts is a definite improvement, and seems to be facilitating good volumes of trading (well done AC), but it could easily be tweaked to do so without generating quite as much chaff to sort through.
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pikestaff
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Post by pikestaff on Oct 23, 2014 8:59:44 GMT
...I don't think they realised the volume of transactions that would be created, and which their database will need to store and process... I was thinking that too. If they don't change it, they are going to end up with an enormous database...
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oldgrumpy
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Post by oldgrumpy on Oct 23, 2014 9:06:49 GMT
All that lunacy on Tuesday when MLAI was selling shrapnel units of loans than buying shrapnel back on the same loans almost simultaneously has stopped. All that has happened since is the occasional buying of shrapnel where I have set a slight "top-up" to a round figure on selected loans. (= playing with the system to get to understand it  . |
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Post by gonzo on Oct 23, 2014 9:47:21 GMT
Hi chris. I was logged into the website but then left my desk to get on with a large number of things that need to be done. I was therefore rather bemused to be told that "You have been logged out of the system because your were inactive". While I understand the sentiment I can assure you I haven't been lying on the couch watching daytime tv easy fix I think. |
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oldgrumpy
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Post by oldgrumpy on Oct 23, 2014 9:55:13 GMT
Hi gonzo It's stuck on 20 minutes currently. Others have asked for this to be extended too |
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Post by gonzo on Oct 23, 2014 9:59:46 GMT
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Post by pepperpot on Oct 23, 2014 10:05:45 GMT
chris, for mouse users please consider re-setting the dropdown menus on the top bar so that they reveal on hover rather than on click. I find clicking to reveal better personally, I really don't like it when a menu suddenly appears and then won't disappear 'coz my cursor just glanced the edge of it... chris my votes is no unless you're gonna make it customizable... Sorry Jack, I'm with ton and like it as it is.
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niceguy37
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Post by niceguy37 on Oct 23, 2014 10:13:23 GMT
Maybe I've just been lucky but I've sold a London Retail loan part despite there being over 50% of the loan on offer, presumably mostly by the underwriter(s). Does the new algorithm sell on a round-robin basis or some other improved method, rather than a simply queue where you're stuck behind the underwriter(s)? If so, this would be a useful enhancement. I would guess that some lenders would be happy to increase their exposure to some loans if they thought they could sell them more easily, if the need arose in future.
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. That's with about 70 loan parts over about 60 loans and very little secondary market activity.
? (or was that the odd flying pig/ banana?) and I can see I'm going to have a lot of catching up to do this weekend!
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