chris1200
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Post by chris1200 on Aug 11, 2020 11:21:50 GMT
RYI = new offers (from new money) + new offers (repayments) - new lending And there is a separate equation for each of the three markets (APM, 1yr, 5yr). I think there are too many unknowns to draw firm conclusions, although I doubt new offers from new money are significant. If new lending has remained stable and repayments are falling (as total amount on loan is reducing), then RYIs must fall for the equation to still hold. I'm not sure there is anything new here, but it may help someone, including me. A good summary. Only to supplement that, of course, new lending may also increase at a faster rate than new/re-investment falls, so as to cause less RYI processing. But without a per-market breakdown of any of this, it's very difficult to know how these elements of the equation are moving.
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Post by RateSetter on Aug 11, 2020 17:28:37 GMT
Good evening. Today we have delivered £0.4m and the full update is below:
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Post by inquiete on Aug 11, 2020 17:48:44 GMT
They have been processing 4th May RYIs on the 5 year market for more than a week now. This after positively skipping through the last part of April.
Must have been a big day for RYIs - was that when it was announced that interest rates were to be reduced by 50%?
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robski
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Post by robski on Aug 11, 2020 17:57:28 GMT
They have been processing 4th May RYIs on the 5 year market for more than a week now. This after positively skipping through the last part of April. Must have been a big day for RYIs - was that when it was announced that interest rates were to be reduced by 50%? Yeah makes sense, plenty probably reassessed at that point and decided the risk vs reward balance was now out of kilter
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Post by Deleted on Aug 11, 2020 17:58:24 GMT
They have been processing 4th May RYIs on the 5 year market for more than a week now. This after positively skipping through the last part of April. Must have been a big day for RYIs - was that when it was announced that interest rates were to be reduced by 50%? Yes.
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aju
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Post by aju on Aug 11, 2020 18:10:48 GMT
They have been processing 4th May RYIs on the 5 year market for more than a week now. This after positively skipping through the last part of April. Must have been a big day for RYIs - was that when it was announced that interest rates were to be reduced by 50%? It's in one of the announcements they made, you are right it was 4th May. I don't remember that being my decision at the time but I'm in the 4th May tranche for the 5Y anyway. One of mine is at a QIF of 27 this morning but nothing's bit today. the other is at 52 made on the same day so it looks like a big hill to climb as you say. Mrs Aju did hers the day after on the 5th at Qifs of 53 and 54. According to my spreads info mine were done at 19:30, 23:56 on 4th and hers were done just after midnight on the 5th. Looking on star dust 's tables here it would seem there are a few that day. There are quite a few Ref numbers since the last cleared item on the 7th! - The ones we cannot see are the ones that shout the loudest but hey it is what it is.
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beagle
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Post by beagle on Aug 11, 2020 19:21:48 GMT
May 4th - rate reduction day nothing more than this.
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Greenwood2
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Post by Greenwood2 on Aug 11, 2020 20:33:33 GMT
Well you do seem to think you are cleverer than me and to be honest that wouldn't be that hard lowly sec school idiot like me so I'll leave you to work it out. You might want to consider your style and approach to critical thought though, just suggesting its up to you how you are with others of course. I mean, I've not made a single personal comment about you at all. I've tried to explain why I think your posts are misunderstanding the point that several of us have made re A/P/M processing slowing down and become somewhat frustrated when you seem to completely talk past the points I'm making in your responses... If you see this as a personal attack about your intelligence or otherwise, then this may be more about you than me. I've not really been following this argument, but I usually find aju to be pretty much on the ball, are you sure you are not misunderstanding him?
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chris1200
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Post by chris1200 on Aug 11, 2020 21:19:45 GMT
I mean, I've not made a single personal comment about you at all. I've tried to explain why I think your posts are misunderstanding the point that several of us have made re A/P/M processing slowing down and become somewhat frustrated when you seem to completely talk past the points I'm making in your responses... If you see this as a personal attack about your intelligence or otherwise, then this may be more about you than me. I've not really been following this argument, but I usually find aju to be pretty much on the ball, are you sure you are not misunderstanding him? Might want to correct this part before you jump in then, eh Besides, honestly what is the point of this post other than trying to re-stir up something that finished 10 hours ago?
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aju
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Post by aju on Aug 11, 2020 22:40:18 GMT
I mean, I've not made a single personal comment about you at all. I've tried to explain why I think your posts are misunderstanding the point that several of us have made re A/P/M processing slowing down and become somewhat frustrated when you seem to completely talk past the points I'm making in your responses... If you see this as a personal attack about your intelligence or otherwise, then this may be more about you than me. I've not really been following this argument, but I usually find aju to be pretty much on the ball, are you sure you are not misunderstanding him? Jolly kind of you to say that, to be honest I eventually moved on to making money for myself and Mrs Aju from the Halifax as they had an offer that was too good to be missed. Runs till almost mid September including switches etc but one never knows when they might pull it and the traction its made in the MSE forums means its well served. I posted about it earlier on here in "general p2x discussion" if you are interested.
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Greenwood2
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Post by Greenwood2 on Aug 12, 2020 7:44:49 GMT
I've not really been following this argument, but I usually find aju to be pretty much on the ball, are you sure you are not misunderstanding him? Might want to correct this part before you jump in then, eh Besides, honestly what is the point of this post other than trying to re-stir up something that finished 10 hours ago? Sorry I'm late to the party, I usually am! But comments often come days later if people are not glued to the forum. I probably should have said I skimmed through it all so got the drift, but life's too short... (and rather a lot of detail to to plough through unless you are really keen). Only replying because you finished with a question mark!
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aju
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Post by aju on Aug 12, 2020 8:30:57 GMT
Might want to correct this part before you jump in then, eh Besides, honestly what is the point of this post other than trying to re-stir up something that finished 10 hours ago? Sorry I'm late to the party, I usually am! But comments often come days later if people are not glued to the forum. I probably should have said I skimmed through it all so got the drift, but life's too short... (and rather a lot of detail to to plough through unless you are really keen). Only replying because you finished with a question mark! I eventually left it as it was too fast for me as you probably saw. I am confident we might get a 5Y hit today and am also elsewhere helping out with the thread I started on the Halifax £100 but Mrs Aju may have me doing other things today. PS: it was abit like being on twitter yesterday, speed is the essence, I hate that one .
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aju
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Post by aju on Aug 12, 2020 8:40:37 GMT
.... and just I was beginning to feel a bit better about the AC situation
But seriously, an excellent post but I think RS may well lock-in well before then and access to any funds will restricted for the foreseeable future.
Interesting thing now is that at the current rate of progress in many cases the queue extends beyond 5 years. 5 years is generally the maximum term for a borrower. The 5Y product loans we have are getting close today, 8 in front for one of mine so next 2/3 days might bear fruit for us. I do agree with the Access group though by the time we get to the front of those queues they will have finished - we get quite a bit or return weekly anyway. RS has stats on average loan length for loans but I can;t find them at the minute. The 1Y will probably finish before it gets a sale too its not moved much at all, 73 places since 11/7 when I started documenting the daily changes.
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beagle
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Post by beagle on Aug 12, 2020 9:51:38 GMT
.... and just I was beginning to feel a bit better about the AC situation
But seriously, an excellent post but I think RS may well lock-in well before then and access to any funds will restricted for the foreseeable future.
Interesting thing now is that at the current rate of progress in many cases the queue extends beyond 5 years. 5 years is generally the maximum term for a borrower. That is not possible, as at the end of 5 years all loans would end if no loans were written
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Aug 12, 2020 10:16:26 GMT
That is not possible, as at the end of 5 years all loans would end if no loans were written When Ratesetter use automatic reinvestment (so that your money is always earning) then it is. Have you read my reply? If no loans were written... there would be no re-investment, thereby, meaning the queue would end with 5 years as that is the maximum loan length
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