blender
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Post by blender on May 26, 2017 13:01:07 GMT
It becomes clearer. A new loan has appeared but with a number 23 higher than the last. This suggests that they have been going as whole loans this morning. Also now 5600 loan parts on the SM at par or better. They have two main levers to pull according to 'market conditions', one which alters the balance for Autobid between PM and SM; the other which alters the balance between WL and PL. It seems there is a severe shortage of funds available and both these levers were pulled this morning, or so it seems. Is this due to the holiday, or perhaps the coming IFISA has caused people to wait rather than pay 0.25% to sell to themselves? Only cash back is now available as an option. It's a good time to buy on the SM.
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metoo
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Post by metoo on May 26, 2017 13:57:42 GMT
If there is a buyer's strike, perhaps people are under the illusion the ISA is now imminent? Seems unlikely in less than 3 months.
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bg
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Post by bg on May 26, 2017 16:14:57 GMT
Buyers strike? Hardly.
Yesterday may well have been the largest amount of loans I have ever seen hit the platform in one day. It's a simple fact of supply outsripping demand. Demand is fairly constant but yesterdays huge amount of loans has swamped the market meaning there are lots of unfilled PM loans and the SM becomes flooded (as there is less autobid cash and people start to sell more agressively due to the supply overhang).
The WL market also took down sround £4m of loans yesterday which is the most I've seen since I started tracking it so I don't think it's any deliberate attempt by FC to flood the market, just they have a lot of loans to place right now. If you consider some sort of normal distribution for loan applications then you will get very busy days and very quiet days at either end of the spectrum.
I expect the bank holiday weekend will go someway to redressing the balance.
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blender
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Post by blender on May 26, 2017 16:33:27 GMT
It may be just the large number yesterday, but why only one loan today? I did not think they could pull loans forward a day with such a short process from application. It will be interesting to see what happens to the loan book and how long this clump takes to clear. The numbers (missing xxx18-xxx38) suggest that the whole loans are proceeding today.
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r00lish67
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Post by r00lish67 on May 26, 2017 16:35:03 GMT
As I recall, they do tend to try to stock up on loans prior to bank holidays in an effort to tide over long weekends. I also agree that they probably went out on the lash last night. Free Champagne?Go on FC, admit it, I dare you  |
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blender
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Post by blender on May 26, 2017 16:39:48 GMT
They only monitor the forum, never reply, and never respond directly in other ways. We can believe they are having a good time after the Fully Conned Again approval. I sold a few more pre-loved property parts today (10%) and they went quickly enough, not to Autobid. I hope the 11% closes today and I can count the interest.
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blender
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Post by blender on May 27, 2017 11:18:18 GMT
The loan book confirms that yesterday was a busy day and they were not all off on a binge. A large number of whole loans were made, and only one partial listed (or remaining). It confirms that both levers have been pulled and that these two levers are used for short term tactics. Now that rates are fixed it matters not. The 11% property was drawn down, and that's about all that really interests me.
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fasty
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Post by fasty on May 27, 2017 13:10:22 GMT
The loan book confirms that yesterday was a busy day and they were not all off on a binge. A large number of whole loans were made, and only one partial listed (or remaining). It confirms that both levers have been pulled and that these two levers are used for short term tactics. Now that rates are fixed it matters not. The 11% property was drawn down, and that's about all that really interest me. Indeed; the levers evidently have a very pronounced effect. Unfortunately, the only reason that I still have a significant proportion of my funds in FC is the superb liquidity. And if they play this game too much, I shall be heading for the escape hatch!
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Post by spiker on May 27, 2017 14:12:36 GMT
for my understanding:
What is the difference between whole loans and partial loans?
Do whole loans not appear no the website?
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blender
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Post by blender on May 27, 2017 14:19:17 GMT
Whole loans do not appear on the web site as loan requests. They are offered as whole loans to certain institutional lenders on a random basis, that is, the proportion which go as whole loans can be changed by FC but the system chooses those actual loans. One of those institutions is FC's investment trust. Some, but very few, whole loans are not accepted and appear later on the partial board as loan requests. The institutional lenders pay the 1% fee, but they hold the loans to term. You can see the details of the whole loans by downloading the loan book.
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Post by takeshi on May 28, 2017 16:51:18 GMT
'Loan Parts' has been unavailable all day? - 500 - Internal server error
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Post by dan1 on May 28, 2017 16:52:45 GMT
'Loan Parts' has been unavailable all day? - 500 - Internal server error It's been ok for me. Perhaps try clearing your cookies?
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Post by takeshi on May 28, 2017 17:08:24 GMT
'Loan Parts' has been unavailable all day? - 500 - Internal server error It's been ok for me. Perhaps try clearing your cookies? nice idea - hasn't helped 
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metoo
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Post by metoo on May 28, 2017 17:18:15 GMT
It works here. You could try clearing the browser cache. If that fails, try a different browser.
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james21
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Post by james21 on May 28, 2017 18:44:24 GMT
'Loan Parts' has been unavailable all day? - 500 - Internal server error probably doing yourself a favour
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