pikestaff
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Post by pikestaff on Oct 20, 2021 23:03:32 GMT
mikes1531 You should receive an email notification of upcoming loans, then put in a bid when they appear. They are not there for very long, maybe 24 hours. If you are not receiving notifications, there may be a setting somewhere; I don't know.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 21, 2021 9:00:32 GMT
The loans are funded by AA's first and then a proportion of it is distributed to MLA. I understand AA's have the priority because these accounts are not sustainable without new loans. Put your orders in and you should get something sooner or later (usually on the same or next day). I know this is a dumb question, but there's obviously something I don't understand here... Where exactly do I put my orders in for newly released loans? Maybe it's just bad timing on my part, but I don't think I've ever seen a loan in the Upcoming list. Is that where I'm supposed to put my orders in? Or am I supposed to wait until the new loan appears on the Live list and put a buying order in there? Potentially either. The loan will appear in the upcoming list with the invest tab enabled until the funds are provided to the borrower by the AA Once drawndown the loan will appear in the live loan list and funds will subsequently be released by the AA to the MLA - there is generally a window between it appearing as live and funds being released to the MLA when orders can be placed that will receive an allocation. The problem is that there is no way of knowing whether funds have been released to MLA other than receiving an allocation. Therefore to guarantee an allocation orders need to be placed on upcoming
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 21, 2021 16:50:56 GMT
heads up mikes1531 #1491 in the Upcoming loan tab now Proplend refi
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 22, 2021 20:40:52 GMT
#1491 now live & released to MLA, about £19k or 6%, max allocation £61.72
No disturbance in the AA queue felt.
Been replaced in the pipeline by a development bridge
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mikes1531
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Post by mikes1531 on Oct 24, 2021 21:19:39 GMT
I know this is a dumb question, but there's obviously something I don't understand here... Where exactly do I put my orders in for newly released loans? Maybe it's just bad timing on my part, but I don't think I've ever seen a loan in the Upcoming list. Is that where I'm supposed to put my orders in? Or am I supposed to wait until the new loan appears on the Live list and put a buying order in there? Potentially either. The loan will appear in the upcoming list with the invest tab enabled until the funds are provided to the borrower by the AA Once drawndown the loan will appear in the live loan list and funds will subsequently be released by the AA to the MLA - there is generally a window between it appearing as live and funds being released to the MLA when orders can be placed that will receive an allocation. The problem is that there is no way of knowing whether funds have been released to MLA other than receiving an allocation. Therefore to guarantee an allocation orders need to be placed on upcoming ilmoro: Thanks for the input, which probably means it's my timing that's contributing to my situation.
I'm getting the email notifications of new loans, but when I click on the links therein, if they work at all -- and some don't -- I find the loan says it has been fully funded since before the notification was sent. And, as noted, there's no way to tell whether I'm too late to get in on the MLA allocation. I guess I need to keep watching the Upcoming loans list in the hope of spotting a loan after release but before the MLA allocation.
For the most recent notification (Loan #1491), I found the loan fully funded but it still was in the Upcoming list. I put in a buying instruction and later found I was holding £62 worth of the loan, so it does look like I did get my instruction in before the release to MLA investors happened. That's clearly what I need to be doing in future.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 24, 2021 21:26:01 GMT
Potentially either. The loan will appear in the upcoming list with the invest tab enabled until the funds are provided to the borrower by the AA Once drawndown the loan will appear in the live loan list and funds will subsequently be released by the AA to the MLA - there is generally a window between it appearing as live and funds being released to the MLA when orders can be placed that will receive an allocation. The problem is that there is no way of knowing whether funds have been released to MLA other than receiving an allocation. Therefore to guarantee an allocation orders need to be placed on upcoming ilmoro : Thanks for the input, which probably means it's my timing that's contributing to my situation.
I'm getting the email notifications of new loans, but when I click on the links therein, if they work at all -- and some don't -- I find the loan says it has been fully funded since before the notification was sent. And, as noted, there's no way to tell whether I'm too late to get in on the MLA allocation. I guess I need to keep watching the Upcoming loans list in the hope of spotting a loan after release but before the MLA allocation.
For the most recent notification (Loan #1491), I found the loan fully funded but it still was in the Upcoming list. I put in a buying instruction and later found I was holding £62 worth of the loan, so it does look like I did get my instruction in before the release to MLA investors happened. That's clearly what I need to be doing in future.
Yes, exactly. The fully funded bit is a misleading legacy from the UW model. Now it just means that the funds are available from the AA so the loan can be drawn. As long as the loan is listed as upcoming then a bid will get something when its made available to the MLA lenders. There seems to only be about 2-300 accounts investing on the MLA so the main limiter is supply as the AA arent releasing much as they need to cover a large cash pot and replenish the PFs by earning more interest from large holdings in the new loans
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Post by df on Oct 24, 2021 21:59:03 GMT
Potentially either. The loan will appear in the upcoming list with the invest tab enabled until the funds are provided to the borrower by the AA Once drawndown the loan will appear in the live loan list and funds will subsequently be released by the AA to the MLA - there is generally a window between it appearing as live and funds being released to the MLA when orders can be placed that will receive an allocation. The problem is that there is no way of knowing whether funds have been released to MLA other than receiving an allocation. Therefore to guarantee an allocation orders need to be placed on upcoming ilmoro : Thanks for the input, which probably means it's my timing that's contributing to my situation.
I'm getting the email notifications of new loans, but when I click on the links therein, if they work at all -- and some don't -- I find the loan says it has been fully funded since before the notification was sent. And, as noted, there's no way to tell whether I'm too late to get in on the MLA allocation. I guess I need to keep watching the Upcoming loans list in the hope of spotting a loan after release but before the MLA allocation.
For the most recent notification (Loan #1491), I found the loan fully funded but it still was in the Upcoming list. I put in a buying instruction and later found I was holding £62 worth of the loan, so it does look like I did get my instruction in before the release to MLA investors happened. That's clearly what I need to be doing in future.
I don't how if it's with mentioning, but if you miss the train you can still put in your buying instruction and it is likely to be filled (depending on the size) at a later stage. I don't know whether it comes from AAs or MLA sales, but I had some of mine filled after the initial distribution.
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ton27
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Post by ton27 on Oct 25, 2021 12:24:58 GMT
I received about 35% of my "bid" and have received relatively small allocations (all 40% or less) on the the recent new offerings. I have left the buy instructions in place but have only received the odd £1 here and there. Not holding my breath and will continue to withdraw "unutilised" funds.
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rscal
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Post by rscal on Oct 28, 2021 15:03:17 GMT
With these various updates on current loan-holdings recently appearing where AC are refinancing them (so performing, in good standing etc) lenders will just be repaid automatically won't they? It's a shame AC has not put its mind to this (during its long 'quiet' period of non-origination and diversion of lending to CBILs sourced finance) For instance, notwithstanding any likely rate reductions, why would lenders not simply want to 'keep' their existing holdings? Could there be nothing simpler than refinancing via existing investors where the alternative is to 'chuck' them from a platform with a distinct shortage of available investments?
Is the re-fi money 'cheaper' institutional/big government.. and AC wanting to bolster margins and don't caring whose noses they spite getting there?
[..just 'saying']
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Post by df on Oct 28, 2021 19:05:32 GMT
With these various updates on current loan-holdings recently appearing where AC are refinancing them (so performing, in good standing etc) lenders will just be repaid automatically won't they? It's a shame AC has not put its mind to this (during its long 'quiet' period of non-origination and diversion of lending to CBILs sourced finance) For instance, notwithstanding any likely rate reductions, why would lenders not simply want to 'keep' their existing holdings? Could there be nothing simpler than refinancing via existing investors where the alternative is to 'chuck' them from a platform with a distinct shortage of available investments?
Is the re-fi money 'cheaper' institutional/big government.. and AC wanting to bolster margins and don't caring whose noses they spite getting there?
[..just 'saying']
When the loan is refinanced it becomes a new loan. Security, risk band, LTV etc. can be different from the previous contract. Can't really roll over like pawn loans do.
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warn
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Curmudgeon
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Post by warn on Oct 29, 2021 8:33:50 GMT
With these various updates on current loan-holdings recently appearing where AC are refinancing them (so performing, in good standing etc) lenders will just be repaid automatically won't they? It's a shame AC has not put its mind to this (during its long 'quiet' period of non-origination and diversion of lending to CBILs sourced finance) For instance, notwithstanding any likely rate reductions, why would lenders not simply want to 'keep' their existing holdings? Could there be nothing simpler than refinancing via existing investors where the alternative is to 'chuck' them from a platform with a distinct shortage of available investments? Is the re-fi money 'cheaper' institutional/big government.. and AC wanting to bolster margins and don't caring whose noses they spite getting there? [..just 'saying']
When the loan is refinanced it becomes a new loan. Security, risk band, LTV etc. can be different from the previous contract. Can't really roll over like pawn loans do. To be fair to rscal , I think she was suggesting inviting investors to participate at the underwriting stage (using perhaps up to a certain percentage of their existing MLA holdings in the loan), rather than a simple roll over. It's not a bad idea. I've got a comfortable five figures enjoying the Lincs seaside, and doubt I'll have even 1% of that next week. Still, it's better than an external refinance -- I now have no diamonds at all. But all that spare cash sloshing about in Access has to go somewhere.
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trium
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Post by trium on Oct 29, 2021 15:24:17 GMT
#1493 has suddenly appeared on Live Loans. As far as I can tell it was never listed Upcoming and I have so far received no email. I wonder if they plan not to involve the MLA.
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tt
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Post by tt on Oct 29, 2021 16:43:20 GMT
#1493 has suddenly appeared on Live Loans. As far as I can tell it was never listed Upcoming and I have so far received no email. I wonder if they plan not to involve the MLA. It was in Upcoming Loans this morning, but I didn't receive an email. I placed a "buy" order while it was still there there but I haven't received an allocation now that it's in Live.
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Post by df on Oct 29, 2021 16:47:27 GMT
#1493 has suddenly appeared on Live Loans. As far as I can tell it was never listed Upcoming and I have so far received no email. I wonder if they plan not to involve the MLA. It was listed and I have received the e-mail at 13:18 today. It's now showing in Live, but none of my instruction is invested yet. I'm sure there will be a MLA portion distributed soon.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 29, 2021 16:50:17 GMT
#1493 has suddenly appeared on Live Loans. As far as I can tell it was never listed Upcoming and I have so far received no email. I wonder if they plan not to involve the MLA. It was in Upcoming Loans this morning, but I didn't receive an email. I placed a "buy" order while it was still there there but I haven't received an allocation now that it's in Live. Usually a short delay between it going live & allocation to MLA orders
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