oldgrumpy
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Post by oldgrumpy on May 25, 2016 22:44:46 GMT
You should be on your final Scotch and contemplating snoozeville, not pampering to our (g)rumblings!!  |
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ton27
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Post by ton27 on May 25, 2016 23:18:45 GMT
A couple of points:
Underwriters are now very rarely used.
All the chat on the forum is fine and dandy but it does not alter the fact that the MLIA investors got just £18.40 which is getting close to making them just as redundant as the "underwriters".
It seems there is a very focussed drive to push lenders into "packaged" accounts and with the current low interest rates it seems unavoidable that the next "packaged" account will be at less than 7%.
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bg
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Post by bg on May 26, 2016 4:44:16 GMT
A couple of points: Underwriters are now very rarely used. All the chat on the forum is fine and dandy but it does not alter the fact that the MLIA investors got just £18.40 which is getting close to making them just as redundant as the "underwriters". It seems there is a very focussed drive to push lenders into "packaged" accounts and with the current low interest rates it seems unavoidable that the next "packaged" account will be at less than 7%. I think it's more just supply and demand. The allocation was £18.40 through both the MLIA and GBBA. What's needed is an increase in loans (both volume and size). Loans of £2-3m plus would help satisfy demand for everyone. i disagree with chris somewhat regarding the underwriters. They are not just one source of funding but being phased out (which is fine, it's understandable commercially). They are only now used on the largest loans - and with the QAA now having doubled in size to £20MM since they were last used I would imagine a loan would have to be getting on for £2MM for them to be asked to contribute. With the QAA likely to keep growing (I expect it to be over £100MM in time) underwriters will be a thing of the past.
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jonah
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Post by jonah on May 27, 2016 19:46:55 GMT
#285 drawn down. £22 into the GBBA!
We could really use a few nice half or million plus loans. Or both.
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dermot
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Post by dermot on May 27, 2016 21:12:41 GMT
#285 drawn down. £22 into the GBBA! We could really use a few nice half or million plus loans. Or both. I got £22.41 of this in both GBBA and MLIA accounts - one at 7% and t'other at 9% of course... DD
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oldgrumpy
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Post by oldgrumpy on May 27, 2016 21:49:27 GMT
I'm pleased that £3m of loans are due for drawdown before the end of the month. About £517K is in one funded loan and the other funded loan has already been put back several times (now 3 June) so that doesn't count. That leaves nearly £2.5M of underwriters' money which will need to be called and collected in six days between now and 31 May (and 30 May is a bank holiday). Thank goodness Chris has such an optimistic outlook on those given figures/dates. We'll see. By how much will this £3M be held back from lenders to smooth the peaks and troughs of the market? Edit ... oops, a £520K one has just had u/w funds called and drawdown for Friday*  , only 8% though  but still better than parking too much in QAA or 30DAA.
* (oh no! Drawdown has already been pushed into June)
Good job I was not actually assured by the usual AC exaggerations (passed on by CM).
With the Bank Holiday weekend already started, that projection looks more likely to be nearer £900K ... if 281, 283 and 284 all actually draw down by 31 May. If they don't that will be just £240K rather than £3M. (My share of this = £40.41) 
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romy
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Post by romy on May 27, 2016 22:07:03 GMT
#285 drawn down. £22 into the GBBA! We could really use a few nice half or million plus loans. Or both. I got £22.41 of this in both GBBA and MLIA accounts - one at 7% and t'other at 9% of course... DD Snap
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Post by GSV3MIaC on May 30, 2016 14:30:25 GMT
#285 drawn down. £22 into the GBBA! We could really use a few nice half or million plus loans. Or both. I got £22.41 of this in both GBBA and MLIA accounts - one at 7% and t'other at 9% of course... DD Is there some easier way to see how much of it (or 'something') you have via the GBBA than adding up the transactions?
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dermot
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Post by dermot on May 30, 2016 15:54:01 GMT
I got £22.41 of this in both GBBA and MLIA accounts - one at 7% and t'other at 9% of course... DD Is there some easier way to see how much of it (or 'something') you have via the GBBA than adding up the transactions? One of my colleagues has been putting together a nifty tool to extract meaningful information from the downloaded data file ... Dermot
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jonah
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Post by jonah on May 30, 2016 16:16:28 GMT
I got £22.41 of this in both GBBA and MLIA accounts - one at 7% and t'other at 9% of course... DD Is there some easier way to see how much of it (or 'something') you have via the GBBA than adding up the transactions? No. I've an excel macro for it, but I suspect that there are better versions out there.
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Post by GSV3MIaC on May 30, 2016 17:07:53 GMT
Ah, I can do it myself if I download it, I wondered if there was an on-line viewing option somewhere on the site which I had failed to find. Thanks.
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oldgrumpy
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Post by oldgrumpy on May 31, 2016 19:02:35 GMT
I'm pleased that £3m of loans are due for drawdown before the end of the month. About £517K is in one funded loan and the other funded loan has already been put back several times (now 3 June) so that doesn't count. That leaves nearly £2.5M of underwriters' money which will need to be called and collected in six days between now and 31 May (and 30 May is a bank holiday). Thank goodness Chris has such an optimistic outlook on those given figures/dates. We'll see. By how much will this £3M be held back from lenders to smooth the peaks and troughs of the market? Edit ... oops, a £520K one has just had u/w funds called and drawdown for Friday* , only 8% though but still better than parking too much in QAA or 30DAA.
* (oh no! Drawdown has already been pushed into June)
Good job I was not actually assured by the usual AC exaggerations (passed on by CM).
With the Bank Holiday weekend already started, that projection looks more likely to be nearer £900K ... if 281, 283 and 284 all actually draw down by 31 May. If they don't that will be just £240K rather than £3M. (My share of this = £40.41)
Well that hasn't happened, unless 281, 283 and 284 draw down in the next couple of hours. £240K rather than £3M then. I see that there is a prediction on the other thread for June's loan flow. £12M £7-7.5M. That isn't "assured" though. Yippeee! Mmmm! Edit: 3 June 2016: 281,283, 284 not even drawn down by the revised date, today. Now changed to estimated 10th, 10th, 6th June.
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Post by chris on May 31, 2016 20:58:20 GMT
"I'm assured there are several loans due to draw before the end of the month, totalling perhaps £3m."
* (oh no! Drawdown has already been pushed into June)
Good job I was not actually assured by the usual AC exaggerations (passed on by CM).
With the Bank Holiday weekend already started, that projection looks more likely to be nearer £900K ... if 281, 283 and 284 all actually draw down by 31 May. If they don't that will be just £240K rather than £3M. (My share of this = £40.41)
Well that hasn't happened, unless 281, 283 and 284 draw down in the next couple of hours. £240K rather than £3M then. I see that there is a prediction on the other thread for June's loan flow. £12M £7-7.5M. That isn't "assured" though. Yippeee! Mmmm! Day by day predictions (even week by week) rely on humans as the drawdown process when it hits legals is very manual. Month by month predictions are much easier as the system can see how many loans are in the pipeline, what stage they're at, the average conversion rates at each stage, the average time to draw down from each stage, etc. My next internal upgrade will help with the week by week prediction, although day by day would still be a stretch too far. There are 30 loans in the pipeline that the sales team believes will draw by the end of June. My statistical model reckons around 2/3rds of them actually will, based on their current state and the average times it takes to do things, which will be around £8m of loans. Presuming even that's optimistic I've said £7-7.5m.
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Post by crabbyoldgit on Jun 1, 2016 7:09:46 GMT
Sorry Chris do not understand 30 possible drawdowns in June,the upcomming loans show 15 , 5 of which have underwriting called ,10 in the pipe line section.There is only 41 loans total so 30 in June is historicaly a big proportion of the total.Is the upcoming loans page out of date not fully updated with some loans or does that 30 include institutions,something feels a little out of kilter or maybe some new loans cant be announced due legal docs not yet signed but that makes the end to end process feel comparatively quick to historical time lines.Just a bit puzzled but then have not had the first coffee fix yet.   |
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Post by chris on Jun 1, 2016 9:14:13 GMT
Sorry Chris do not understand 30 possible drawdowns in June,the upcomming loans show 15 , 5 of which have underwriting called ,10 in the pipe line section.There is only 41 loans total so 30 in June is historicaly a big proportion of the total.Is the upcoming loans page out of date not fully updated with some loans or does that 30 include institutions,something feels a little out of kilter or maybe some new loans cant be announced due legal docs not yet signed but that makes the end to end process feel comparatively quick to historical time lines.Just a bit puzzled but then have not had the first coffee fix yet. You do not get to see the full pipeline. There are several conditions that need to be met for loans to appear on the pipeline shown on site. Depending on retail demand I'm sure some will end up going to institutional lenders, particularly if we do manage to push past £8-9m per month. It is an option open to us. But the board are well aware of the current drought and are keen to put as much to retail as retail are willing to invest in.
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, only 8% though 
but still better than parking too much in QAA or 30DAA. 
