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Post by Ton ⓉⓞⓃ on Nov 19, 2014 13:29:42 GMT
300k, 9.8%, 63%ltv, 60months
Drawdown updates
04/11/2014 Fuller details on expected drawdown will be provided once auction has commenced and legal process has started.
IN EDIT. That fact that the loan has now appeared in the "Upcoming Loans" part of AC means that the auction has finished and is fully funded by underwriters. Now it's Lenders chance to check out the loan and see if it's suitable.
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star dust
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Post by star dust on Nov 19, 2014 15:25:48 GMT
300k, 9.8%, 63%ltv, 60months Drawdown updates 04/11/2014 Fuller details on expected drawdown will be provided once auction has commenced and legal process has started. An auction for underwriters then .
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mikes1531
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Post by mikes1531 on Nov 19, 2014 23:00:40 GMT
An auction for underwriters then . Yes. It would appear that underwriters compete to see who gets to participate in the loan. I wonder if offers to release their units to the Aftermarket are part of the bidding process?
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