adrianc
Member of DD Central
Posts: 9,014
Likes: 4,825
|
Post by adrianc on Feb 23, 2015 18:23:37 GMT
I already see a few interesting things. Two loans over £1m, including one to an individual for £1.2m. £172m of the loans at the end of January are for above £25k, and I thought the max was £25k....of those £3.1m is late or defaulted (not too bad). Looking at the total loan amounts, there's been 830 defaulted loans - 100% individual - for a total of £4.3m, and there's about 1800 late loans (£8.5m, including precisely ONE business borrower!). The oldest extant business loans are 2013Q4. 410 business loans are repaid, totalling £18m, going back to 2012Q4. So a quarter of the total business loans, by amount, have been fully repaid so far - without one single default. As an absolute layman, I reckon that makes the business loans reasonably safe.
|
|
c88dnf
Member of DD Central
Posts: 364
Likes: 266
|
Post by c88dnf on Feb 23, 2015 18:45:26 GMT
Lest various slightly OTT posts get our attention, perhaps Forumites could spare a moment for a small round of applause to those at Funding Circle, Ratesetter and Zopa (stand up westonkevRS and @zopamat) for having the courage to make their loan books public. I can't imagine the more conventional financial providers doing likewise. Whatever nuggets of information get pounced upon for dissection, let's remember that these businesses' interaction with investors is exemplary.
|
|
|
Post by davee39 on Feb 23, 2015 19:27:05 GMT
So
Q: Who does Ratesetter really offer loans to?
A: People who want to borrow.
|
|
|
Post by swfab on Feb 23, 2015 19:27:23 GMT
Lest various slightly OTT posts get our attention, perhaps Forumites could spare a moment for a small round of applause to those at Funding Circle, Ratesetter and Zopa (stand up westonkevRS and @zopamat) for having the courage to make their loan books public. I can't imagine the more conventional financial providers doing likewise. Whatever nuggets of information get pounced upon for dissection, let's remember that these businesses' interaction with investors is exemplary. An absolutely incredible development indeed! Thank you very much @zopamat. Number crunching nights-in :-) !
|
|
jonbvn
Member of DD Central
Posts: 326
Likes: 95
|
Post by jonbvn on Feb 23, 2015 19:44:59 GMT
This is invaluable data that will answer nearly all the gripes that have arisen recently.
Thanks zopamat.
|
|
|
Post by westonkevRS on Feb 23, 2015 19:55:37 GMT
I must admit this wasn't my choice. It'll raise more questions than it answers. For example the "default" status covers a multitude of sins including payment arrangements, debt management plans and deceased for which we are obtaining money back. The default total is a worse case scenario and you cannot tell from this data the difference or determine expected recovery rates.
I would have preferred summary statistics (including on the lender side) on the portfolio breakdown. Released equally to all and without having to personally manipulate data or look on a forum.
Still I've been largely out of the loop the last three weeks with RateSetter Australia and my holidays. You'll have to thank Rhydian and those Marketing boys that get such attacks for their web site branding for giving you the data. I wouldn't have done it, but perhaps that's the old style retail banker in me.
Kevin.
|
|
|
Post by westonkevRS on Feb 23, 2015 19:57:01 GMT
This is invaluable data that will answer nearly all the gripes that have arisen recently. Thanks zopamat. Yea, thank you ZopaMat for organising the RateSetter data to be shared via AltFin....
|
|
adrianc
Member of DD Central
Posts: 9,014
Likes: 4,825
|
Post by adrianc on Feb 23, 2015 20:08:11 GMT
For example the "default" status covers a multitude of sins including payment arrangements, debt management plans and deceased for which we are obtaining money back. The default total is a worse case scenario and you cannot tell from this data the difference or determine expected recovery rates. ...and yet the grand total of worst-case default to date is a third of the current provision fund. Sure, it's a long way from being that simple, but even so... One question. The RS website refers to £520m to date. The totals on this sheet add up to £480m. What's the gap? Is it the monthly market's reselling of bits?
|
|
jonbvn
Member of DD Central
Posts: 326
Likes: 95
|
Post by jonbvn on Feb 23, 2015 20:11:03 GMT
Right guys, I need a 500 page dissertation on the statistical analysis of this RS borrowing data (with graphs). Extra marks will be gained with estimates of future lending rates & defaults. Before 6am tomorrow please, before I go to work.
|
|
|
Post by GSV3MIaC on Feb 23, 2015 20:35:24 GMT
This is invaluable data that will answer nearly all the gripes that have arisen recently. Thanks zopamat. Yea, thank you ZopaMat for organising the RateSetter data to be shared via AltFin.... At last, Zopa gets a jump ahead of RS. 8>. I'd list to add my congrats for / to whoever shared the data, it goes a long way to allaying some fears and answering some Qs (although we might still like a bit more info on those 'secured' property loans?). But no, that still doesn't excuse marketing's poor taste in website colouring/layout.
|
|
|
Post by goldservice on Feb 23, 2015 20:38:11 GMT
You'll have to thank Rhydian and those Marketing boys that get such attacks for their web site branding for giving you the data. Ah, now I get it. All that 'branding', the grey on white, pale lilac on pale grey etc, was all somehow essential for releasing all that data ...
|
|
jonbvn
Member of DD Central
Posts: 326
Likes: 95
|
Post by jonbvn on Feb 23, 2015 20:46:40 GMT
Yea, thank you ZopaMat for organising the RateSetter data to be shared via AltFin.... At last, Zopa gets a jump ahead of RS. 8>. As if.......
|
|
|
Post by westonkevRS on Feb 23, 2015 21:37:50 GMT
For example the "default" status covers a multitude of sins including payment arrangements, debt management plans and deceased for which we are obtaining money back. The default total is a worse case scenario and you cannot tell from this data the difference or determine expected recovery rates. ...and yet the grand total of worst-case default to date is a third of the current provision fund. Sure, it's a long way from being that simple, but even so... One question. The RS website refers to £520m to date. The totals on this sheet add up to £480m. What's the gap? Is it the monthly market's reselling of bits? Probably timing. This data would've been supplied a month or so back, and right now we're lending over £40m a month. So the data is getting old quicker than me.
|
|
|
Post by westonkevRS on Feb 23, 2015 21:41:06 GMT
Right guys, I need a 500 page dissertation on the statistical analysis of this RS borrowing data (with graphs). Extra marks will be gained with estimates of future lending rates & defaults. Before 6am tomorrow please, before I go to work. Perhaps I can sack our data analytics and reporting employees, and crowd source all the work to lenders. More work, higher cash backs! A self contained eco system of lenders and borrowers with no staff or company!
|
|
c88dnf
Member of DD Central
Posts: 364
Likes: 266
|
Post by c88dnf on Feb 23, 2015 22:21:03 GMT
Right guys, I need a 500 page dissertation on the statistical analysis of this RS borrowing data (with graphs). Extra marks will be gained with estimates of future lending rates & defaults. Before 6am tomorrow please, before I go to work. Please sir, I did do it, but then the cat was sick on it.
|
|