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Post by nightmare on May 18, 2016 15:05:23 GMT
Looks like a CSS issue to me.
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fasty
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Post by fasty on May 18, 2016 15:42:59 GMT
Looks like a CSS issue to me. Agreed; getting a lot of the default text alternative to usual formatted pages.
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Post by goldservice on May 19, 2016 14:33:41 GMT
I can't see how to set the filter on the Loan Requests page to display loans in more than one risk band but not all eg in both B and C loans but no others. Do I need a string to put in the address box? Offers gratefully received; payment in the usual Gold Stars  |
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metoo
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Post by metoo on May 19, 2016 20:03:03 GMT
I can't see how to set the filter on the Loan Requests page to display loans in more than one risk band but not all eg in both B and C loans but no others. It's a feature of FCViz only. Are you using a browser/computer without FCViz installed/enabled?
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Post by goldservice on May 20, 2016 7:34:07 GMT
metoo: FCViz (which I run) does that for Loan Parts; does it do it for Loan Requests? If not, I think I may need an HTTP string to run from the address box - something that include s www.fundingcircle.com/lend/loan-requests? and credit_band_name_b=1&credit_band_name_c=1 etc but I'm out of my depth ... |
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metoo
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Post by metoo on May 20, 2016 15:11:29 GMT
FCViz (which I run) does that for Loan Parts; does it do it for Loan Requests? If not, I think I may need an HTTP string to run from the address box - something that include s www.fundingcircle.com/lend/loan-requests? and credit_band_name_b=1&credit_band_name_c=1 etc but I'm out of my depth ... I don't think there is a way to instruct it via the URL (address bar). LoneRifle does some clever stuff (probably in the CSS) to redisplay the page with filtering. If you just want to see a filtered page you would click the Show Filters button, click in the box alongside Risk, add each of the risk bands you want, then click the Filter button. However, if you refresh the page, you will be left with just one of the risk bands because of how LoneRifle had to write it working with what is there. As you have given up repayments, I'm not fully convinced your chosen risk bands are B and C  .
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Post by betterthanworking on May 23, 2016 10:43:35 GMT
A small E just appeared. Is it just me, or does the site buckle for anyone else when this happens. I couldn't bid, then the site dumped me out twice. By the time I got back in the loan was gone. Grrrr!
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Post by GSV3MIaC on May 23, 2016 19:32:31 GMT
Tried to transfer money in (just for a change) with a debit card and got 'internal error' .. on two different accounts. Is it me, or is it SNAFU again?
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fasty
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Post by fasty on May 23, 2016 20:18:43 GMT
Tried to transfer money in (just for a change) with a debit card and got 'internal error' .. on two different accounts. Is it me, or is it SNAFU again? I got an error trying to transfer money in by debit card last Friday. I wondered if it was because I had already made a (successful) credit earlier the same day. I did make a successful transfer today though.
Check that the money has not come out of your debit card account. A long time ago I had a similar failed transaction with FC and a non-trivial amount of money was stuck for several days in limbo; the bank telling me it had been paid and FC telling me that they didn't have it. It took an anxious couple of days to sort out.
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acky
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Post by acky on Jun 8, 2016 5:39:06 GMT
I put a load of loan parts up for sale this morning. Only 2 of them are showing as for sale. And the Loan Parts page is not working Flakey Computing bust again!
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arbster
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Post by arbster on Jun 8, 2016 8:05:58 GMT
Hehe - thanks I think the problem was trying to sell parts with only one repayment left - not a terribly helpful error message ("There was a problem, blah blah...") but managed to list 50 or so other parts with longer to run, many of which have already sold. As a side note, having run the latest loan book through my analysis, the performance of Rejected Whole Loans remains poor, with an average default/very late rate of 3.4%, compared with 1.98% for PLs and 1.27% for WLs, and roughly double the overall average of 1.77%. So, institutions continue to get lucky when choosing which loans to invest in... By way of update, Rejected Whole Loans now have an average default/very late rate of 4.43%, compared with 2.52% for PLs and 1.85% for WLs. All of them are going up, but institutional lenders remain luckiest.
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blender
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Post by blender on Jun 8, 2016 8:37:39 GMT
Many thanks for that. Of course it may be that the institutional lenders have been rejecting the higher band loans rather than those individual loans which they think will fail. Maybe the interest rate overall is commensurate with the reduced loss (ie lower). The real test is in the net returns.
A complicating factor is the trust where we know they are not permitted to reject.
Another complicating factor is that until recently property loans did not go as whole loans.
I am not suggesting that this should all be analysed, but I think we should be cautious in drawing conclusions which suggest that the Whole Loan purchasers are good at spotting individual potential defaulters and rejecting them.
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arbster
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Post by arbster on Jun 8, 2016 9:28:19 GMT
Many thanks for that. Of course it may be that the institutional lenders have been rejecting the higher band loans rather than those individual loans which they think will fail. Maybe the interest rate overall is commensurate with the reduced loss (ie lower). The real test is in the net returns. A complicating factor is the trust where we know they are not permitted to reject. Another complicating factor is that until recently property loans did not go as whole loans. I am not suggesting that this should all be analysed, but I think we should be cautious in drawing conclusions which suggest that the Whole Loan purchasers are good at spotting individual potential defaulters and rejecting them. Some good points, blender, as ever. I know you said you didn't think they all needed to be analysed, but I do have some observations. First some stats on the proportion of loans in each risk band: | Rating | PL | RWL | WL | | A+ | 22.9% | 17.5% | 30.0% | | A | 28.8% | 27.6% | 28.4% | | B | 21.6% | 21.5% | 20.8% | | C | 15.0% | 17.5% | 13.3% | | D | 9.3% | 9.8% | 6.2% | | E | 2.4% | 6.1% | 1.2% | | Total | 5084 | 1489 | 7205 |
As you suggested, institutions are a little lighter on D and E rated loans, and interestingly when you look at all the loans offered to institutions, only 8.8% of them are D/E, compared to 11.7% of PLs - interesting, given the process is supposed to be random. The fact that property loans were not offered to institutions should increase their proportion of defaults, as property loans have historically had a lower rate of default - there have been 11 property defaults, versus 725 non-property defaults, since 2012/13. The Trust not being able to reject loans would also be expected to increase the WL default rate, wouldn't it? And finally, without duplicating all the stats here, what's noticeable is that WLs default rates are lower in every individual risk band than RWLs, and also lower in every risk band except A+ than PLs. In the case of A+ loans, the respective default rates for PLs, RWLs and WLs are 0.52%, 2.3% and 0.55%. In addition, the default rates for RWLs of all risk bands are higher than the average default rate for the risk band across all loans, except Es. The numbers are possibly not statistically significant, but everything points to institutions using more effective risk analysis on the loans offered to them than FC is.
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bigfoot12
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Post by bigfoot12 on Jun 8, 2016 10:10:37 GMT
...but everything points to institutions using more effective risk analysis on the loans offered to them than FC is. Very interesting, does anyone know if the "Average annual return (all time) 7.1%" on the statistics page includes Whole Loans or is it a retail only number?
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kt
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Post by kt on Jun 8, 2016 10:17:26 GMT
When you say not offered do you mean that institutions were not allowed to have these loans or that institutions requested not to be offered these loans? KT.
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