sam i am
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Post by sam i am on Oct 27, 2015 10:47:47 GMT
The 38% farm looks quite nice - I'd like to see Docs tho before investing. Sometimes these low LTV loans turn out to be a second charge and the combined LTV ends up being 60 or 70%. As you say, we need to see the docs.
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bigfoot12
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Post by bigfoot12 on Oct 28, 2015 13:28:59 GMT
The 38% farm looks quite nice - I'd like to see Docs tho before investing. As you say, we need to see the docs. Hi, I am quite new to SS. Do we normally get docs before the loan exits the pipeline stage? I see 7 loans, but none has docs.
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registerme
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Post by registerme on Oct 28, 2015 13:33:06 GMT
Yes, we do.
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bigfoot12
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Post by bigfoot12 on Oct 28, 2015 14:00:14 GMT
Thanks
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eddie
i have put up with a great deal from the likes of you people, a very great deal....
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Post by eddie on Oct 31, 2015 8:35:01 GMT
Am i right in saying the last bunch of loans went through without the stages being numbered? Are these new loans now going to go live without the stage notification? And all at once? I dont mind so much after the first few seconds, its the initial moment when you open the screen that gets me.
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david42
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Post by david42 on Oct 31, 2015 8:55:20 GMT
Am i right in saying the last bunch of loans went through without the stages being numbered? Yes. Saving stream seem to have given up with notifying us of the pre-approval stages and recent loans have gone straight to stage 4. No details have been posted for the pipeline loans yet. Since the introduction of pre-funding, Saving Stream have (so far) always published the loan particulars and valuation document before putting the loan live. The loans are unlikely to go live all at once. Previous loans have usually been staggered except when they are multiple loans to the same borrower. Saving Stream promised they will not launch more than three loans at the same time.
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jonah
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Post by jonah on Oct 31, 2015 9:28:01 GMT
Also, since they started showing the docs in the PF process, they have also had at least one day gap between the docs going up and the loan going live.
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pom
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Post by pom on Oct 31, 2015 9:56:16 GMT
And there's usually (if you spot it) a few hours warning when they add a PBL# to it..
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Post by Deleted on Oct 31, 2015 10:42:49 GMT
Thanks web, must be going mad in my old age, but I knew I'd read about it somewhere.
Still no details up this morning. Not really sure why they have a pipeline if they can give so little info.
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jamesc
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Post by jamesc on Oct 31, 2015 11:39:57 GMT
We really need some more clarity on those pipeline loans and hopefully one next week, what with this months interest and PBL 15 repaying there money to spend but in the short time I have been with SS I have never seen the SM on quiet not seen a single thing up for sale all day ! Is this normal because of late there has always been something around ?
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indy
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Post by indy on Oct 31, 2015 11:51:46 GMT
We really need some more clarity on those pipeline loans and hopefully one next week, what with this months interest and PBL 15 repaying there money to spend but in the short time I have been with SS I have never seen the SM on quiet not seen a single thing up for sale all day ! Is this normal because of late there has always been something around ? I sold about 5k worth this morning....it all went in minutes. SS have said they would put a maximum of three loans on the platform in any single day.
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mikes1531
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Post by mikes1531 on Oct 31, 2015 11:53:44 GMT
We really need some more clarity on those pipeline loans and hopefully one next week, what with this months interest and PBL 15 repaying there money to spend but in the short time I have been with SS I have never seen the SM on quiet not seen a single thing up for sale all day ! Is this normal because of late there has always been something around ? I wouldn't expect to see much SM activity for a little while -- unless, of course, one of the pipeline loans goes live. Between the repayment of PBL15 and the October interest credits (Monday?) there's a lot of idle cash sitting in SS investors' accounts -- if it hasn't been withdrawn already. So anyone who needs funds for something else probably would have idle cash to call on, and therefore wouldn't need to sell any parts in order to make a withdrawal.
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SteveT
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Post by SteveT on Oct 31, 2015 11:54:11 GMT
Regular swings between feast and famine are entirely normal and to be expected on SS. Give it a week or two and you'll have no problem investing, especially now that pre-funding guarantees you a portion of each new loan you like the look of.
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ablender
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Post by ablender on Oct 31, 2015 12:37:11 GMT
Regular swings between feast and famine are entirely normal and to be expected on SS. Give it a week or two and you'll have no problem investing, especially now that pre-funding guarantees you a portion of each new loan you like the look of. That makes me think of a SSsslitterry SSssnake. They eat a lot at one go and then they fast for some time.
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sam i am
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Post by sam i am on Nov 2, 2015 13:19:12 GMT
A couple of the pipeline loans have disappeared leaving us now with five. None have documents yet or even indicate what stage we are in the process. One begins to wonder when or even if any of these will see the light of day. I guess SS just want to show us that something is being looked it even if they have nothing to launch imminently. Having said that, better to wait for quality loans than rush through some questionable ones.
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