sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428 
Likes: 1,212
|
Post by sqh on Jul 19, 2020 15:29:40 GMT
The forbearance is very unevenly divided. QAA was paying 4.1% now 3.75%, that's a 8.5% reduction. 90Day (34.8%, 23.5%, 0%) 19.4% reduction (averaged). 30Day (26.5%, 13.7%, 21.6%) 20.6% reduction (averaged). MLA 5% loan now 4.1% that's an 18% reduction. MLA 6% loan now 5.1% that's a 15% reduction. MLA 7% loan now 6.1% that's a 12.9% reduction. MLA 8% loan now 7.1% that's an 11.3% reduction. MLA 9% loan now 8.1% that's a 10% reduction. MLA 10% loan low 9.1% that's a 9% reduction. Conclusion is that MLA investors and longer term investors are subsidising the QAA. So MAL investors are carrying (10% ish ?? Someone cleverer please feel free to correct) more risk, for for roughly 10 % less return than before covid event. ? There are currently more loans paying less than 7% (262) than more than 7% (188). I don't know how much the risk level has changed, but the average MLA return is down more than 10%, I'd estimate between 13.5% and 14%. In order to be fair the investor fee should be removed from 5% loans first, then 6% loans, and so on.
|
|
|
|
Post by elephantrosie on Jul 22, 2020 12:00:19 GMT
Actual rates paid on 90 Day Access account were:
For April 3.75% For May 4.40% For June 5.75% For July ? Wait and see...
Actual rates paid on 30 Day Access account were:
For April 3.75%
For May 4.40%
For June 4.00%
For July ? Wait and see...
The projected targets announced via email or on the website are as reliable as a politican's promise at the moment.
thanks. is this on the website?
|
|
dead-money
Rocket to the Moon
Posts: 746
Likes: 654
|
Post by dead-money on Jul 22, 2020 16:52:19 GMT
No ! AC doesn't like providing historic information or statistics to their lenders...
They actively rewrite web pages, such as the Access Account update page and force us to use time machines to spot what's changed.
|
|
