bloodycat
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Post by bloodycat on Oct 8, 2015 13:55:32 GMT
Not sure how I ended up with 10851, fortunately only £20. Must have been a last minute bid when there were no decent loans.
I recognised the company name, they actually did my loft insulation a few years ago,and when the loan came up the writing was already on the wall for these companies relying on government schemes.
I'll have to pay a bit more attention in future, though with the current offerings I'm not sure I can be bothered to spend the time investing on FC.
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grahamg
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Post by grahamg on Oct 8, 2015 13:56:07 GMT
I think I might be about to go through and identify all my rejected WL parts... My thought exactly Found 8 rejects 5 A+ and 3 A
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adrianc
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Post by adrianc on Oct 8, 2015 14:01:34 GMT
What a fun way to identify SM buy-bots...
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oldgrumpy
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Post by oldgrumpy on Oct 8, 2015 14:04:27 GMT
Oh my, oh my!!  16297, another wonderful A+ opportunity at fixed rate 8.3% (less 1% as fee) .... .... except that the loan it will partly be replacing is assessed as a band C risk at 10.8% (less 1% as fee).... just 18 months ago. Haven't they done well!? (The company, not Funky Chrysanthemums) I wonder whether FC have eased their criteria for A+ and A loans; there are an awful lot of them these days. BTW, I am on full wind down from FC now, as repayments arrive, and sales (gradually) succeed (mainly rubbish rates still, but some people are buying them!) |
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SteveT
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Post by SteveT on Oct 8, 2015 14:36:44 GMT
I think I might be about to go through and identify all my rejected WL parts... My thought exactly I've got 48 of the b*****s, out of 220 loans still held  I was wondering what to sell next, so now I've got a lengthy target list. Looks to me like some of the reasons might be systemic (for example, there seem to be a lot of A+ and A that are >£200k so maybe they were too big to swallow whole, and it looks like they rejected many / most of the first wave of Es they were offered). Many of the others were early closers so they should sell at good rates, provided I get shot before they go phut.
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arbster
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Post by arbster on Oct 8, 2015 14:55:44 GMT
I had 45 out of 289 loans. Like SteveT, many of mine are at good rates, either early closers or ones where I got in at the end. A fair few of my Es are WL rejects too, which may be more understandable. Many of them are now on the SM, but some I think I'll take a chance with. They can't possibly all default, but I was definitely more critical in my evaluation this time round. |
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grahamg
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Post by grahamg on Oct 8, 2015 17:26:54 GMT
I had 45 out of 289 loans. Like SteveT, many of mine are at good rates, either early closers or ones where I got in at the end. A fair few of my Es are WL rejects too, which may be more understandable. Many of them are now on the SM, but some I think I'll take a chance with. They can't possibly all default, but I was definitely more critical in my evaluation this time round. There are no failed "E" WL rejects so far
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arbster
Member of DD Central
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Post by arbster on Oct 8, 2015 18:18:23 GMT
I had 45 out of 289 loans. Like SteveT, many of mine are at good rates, either early closers or ones where I got in at the end. A fair few of my Es are WL rejects too, which may be more understandable. Many of them are now on the SM, but some I think I'll take a chance with. They can't possibly all default, but I was definitely more critical in my evaluation this time round. There are no failed "E" WL rejects so far I wasn't planning to wait for stuff to fail before selling. Es haven't been around long enough - there are no failed Es at all.
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fasty
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Post by fasty on Oct 8, 2015 18:50:09 GMT
There are no failed "E" WL rejects so far I wasn't planning to wait for stuff to fail before selling. Es haven't been around long enough - there are no failed Es at all. None may have yet actually expired, but I've already had a couple sail sufficiently close to the sun that their wings have dropped off (Late or Retry) and they've had to be sacrificed. And that's not counting the ones that had problems with the first payment (which I'm more likely to excuse). And another currently languishing at "Retry" status looking for trouble. I've changed my mind about how long I intend to keep "E"'s for!
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arbster
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Post by arbster on Oct 8, 2015 19:42:15 GMT
I wasn't planning to wait for stuff to fail before selling. Es haven't been around long enough - there are no failed Es at all. None may have yet actually expired, but I've already had a couple sail sufficiently close to the sun that their wings have dropped off (Late or Retry) and they've had to be sacrificed. And that's not counting the ones that had problems with the first payment (which I'm more likely to excuse). And another currently languishing at "Retry" status looking for trouble. I've changed my mind about how long I intend to keep "E"'s for!
I guess that was my point - just because no WL Es have failed yet, doesn't mean they're any less able to spot the bad ones. Thus, I reviewed all my rejected holdings and immediate put up for sale any that were even vaguely whiffy.
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Post by aloanatlast on Oct 9, 2015 4:38:51 GMT
When WLs fail, it would be interesting to know whether the investors take over recovery or leave it to Fragile Coccyx, and if the former, what they achieve, and if the latter, what they think of Forlorn Chasers' efforts. But I don't suppose we'll find out.
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arbster
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Post by arbster on Oct 9, 2015 4:51:54 GMT
When WLs fail, it would be interesting to know whether the investors take over recovery or leave it to Fragile Coccyx, and if the former, what they achieve, and if the latter, what they think of Forlorn Chasers' efforts. But I don't suppose we'll find out. I can say with reasonable certainty that FC do their recovery too, based on conversations at the last investor evening but one. And I don't think their recoveries process is poor, by comparison with others where there is no asset security.
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blender
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Post by blender on Oct 9, 2015 8:08:32 GMT
With the new T&Cs the option to do your own recovery has gone, for WL lenders also. If they did their own recovery, institutions would still be paying FC the fees (keeping a dog and barking themselves), and could not hold FC to account on the overall loss rates.
(Now, now, don't be nasty about the poor dog.)
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Post by aloanatlast on Oct 9, 2015 12:28:06 GMT
So the big attraction of taking while loans would be...?
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blender
Member of DD Central
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Post by blender on Oct 9, 2015 12:38:58 GMT
So the big attraction of taking while loans would be...? Smaller than whale loans?
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I was wondering what to sell next, so now I've got a lengthy target list. Looks to me like some of the reasons might be systemic (for example, there seem to be a lot of A+ and A that are >£200k so maybe they were too big to swallow whole, and it looks like they rejected many / most of the first wave of Es they were offered). Many of the others were early closers so they should sell at good rates, provided I get shot before they go phut.
