p2pfan
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Post by p2pfan on Jan 23, 2020 23:44:04 GMT
My MLA account suddenly states the following for quite a few loans:
"Paused Instructions Requiring Review
All loans in the list below have had a capital revaluation since you last updated or created an account instruction and require you to review the loan information and confirm your instruction."
Elsewhere:
"One or more of your Manual Lending Account instructions has been paused due to changes in a loan risk rating or capital valuation."
Never had this before. What does the 'capital revaluation' and 'loan risk rating' refer to please?
Thank you.
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corto
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Post by corto on Jan 24, 2020 1:34:06 GMT
These reviews were introduced in December
The main menu at the top of the main page contains an entry "Investor Information" that will tell you more.
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p2pfan
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Post by p2pfan on Jan 25, 2020 15:23:32 GMT
Yes, thank you, I'm aware of that.
As far as I can surmise, there is no clear information with each loan about what the capital revaluations or risk profiles have been changed from? So it's not easy to decide whether to stay in a loan or not, without having to look at it in a fair amount of detail again?
Some of the paused loans state:
"ACTION REQUIRED
Your existing buy/sell instructions have been paused due to the following changes:
Please review this loans information and reconfirm each of your buy/sell orders."
There is a 'VIEW RECENT ACTIVITY' button below that text. But when you click on it, all you ever get is "No recent activity." so it's a complete waste of time.
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corto
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Post by corto on Jan 25, 2020 17:08:17 GMT
The Q&A entry informing of the reevaluation of a loan (usually) mentions from what to what level the risk was changed.
At the moment there are really very few evaluations that are not 100% (the ones that are lower have been changed from 100%, but that will change over time). The loan book contains the valuations. But you are right, there is no record of these changes in the system.
Not sure though this is needed: these loans would have to be offered at a substantial discount in order to be sellable.
I don't have actions required at the moment and don't know which 'VIEW RECENT ACTIVITY' button you mean.
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Post by Ton ⓉⓞⓃ on Jan 25, 2020 21:52:25 GMT
My dashboard is similar but just below the text I've two buttons they say,
"View affected loans (Standard)" the other button is the same but has IFISA in brackets instead
So similar to what corto is saying, but I'm fairly sure I've seen loans increase in risk, though they may've been proposals in the pipeline changing risk category. When I click on the buttons (I seem to have quite a big list, as I said, mainly proposals in the pipeline) I then get two types one says, "Paused Instructions Requiring Review" the other says, "Instructions Paused By You" with this last category I've not paused them AC did, one of them is the remaining balance of the old loan Ippy #129 Piccy of buttons:
On the same general topic:
MRC asked a question and it elicited this answer from AC
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corto
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Post by corto on Jan 26, 2020 9:19:13 GMT
I don't currently have a button on the dashboard that leads to the paused loans.
One can get there from the loan list in the MLA, too. It is one of the tabs at the top of the list.
I did have that button on the dashboard a few times in the past, when there were actual loans that changed.
Yes, risk rankings have been up, not only down rated.
I don't have subscribed to any pipeline loans. It would make sense to put those in a review state as supposedly DD is going on while they are in the pipeline. That may explain why I have very few, but ton has quite a few loans in the reevaluation state?
Good news if AC also revalues defaulted loans. That may give an indication if there is a chance to get money back and perhaps even roughly how much.
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sl75
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Post by sl75 on Jan 27, 2020 21:17:49 GMT
As far as I can surmise, there is no clear information with each loan about what the capital revaluations or risk profiles have been changed from? So it's not easy to decide whether to stay in a loan or not, without having to look at it in a fair amount of detail again? If you go to edit the instruction, and ask to "unpause" it, it tells you what the risk rating changed from and to on the "are you sure" screen. I've not found that information clearly displayed anywhere else.
Then if you want to leave the instruction alone and unmodified, taking this info into account, you confirm, otherwise you press "back", and change the instruction as desired.
It's less obscure than some of the other information that AC don't make as clearly available as most users might expect...!
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