ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,845 
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Post by ilmoro on Apr 28, 2015 21:00:46 GMT
Interesting one this. Seems to be doing something similar to what Funding Empire & MT are doing with their third party partners, all be it on a larger scale. Looks like it might be first in a line.
Any thoughts?
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bugs4me
Member of DD Central
Posts: 1,841
Likes: 1,466
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Post by bugs4me on Apr 28, 2015 21:32:27 GMT
Interesting one this. Seems to be doing something similar to what Funding Empire & MT are doing with their third party partners, all be it on a larger scale. Looks like it might be first in a line. Any thoughts? Only browse on FK once in a while. Any chance of some clarification as I must be looking in the wrong place on their platform.
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hendragon
Member of DD Central
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Post by hendragon on Apr 28, 2015 21:41:50 GMT
After a brief read through it seems to me that it is almost impossible to examine the reliability of the security offered. With MT, for example, the portfolio loans have a list of hard assets backing them up. I have no reason to suppose that the borrower (or indeed their borrowers) are not creditworthy but it seems more a matter of trust than anything else. It also reminds me of the type of transaction Northern Rock did.........ie bundle up a parcel of loans and sell them on as a "securitised" investment.
bugs4me.it is currently the third of the three loans on offer, beginning with a j
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,845
Likes: 11,072
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Post by ilmoro on Apr 28, 2015 21:42:51 GMT
Interesting one this. Seems to be doing something similar to what Funding Empire & MT are doing with their third party partners, all be it on a larger scale. Looks like it might be first in a line. Any thoughts? Only browse on FK once in a while. Any chance of some clarification as I must be looking in the wrong place on their platform. Sorry too cryptic, it mentioned SPV in the email but doesnt on the platform. Its the 400k loan listed in Live Auctions - J** Ltd
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hendragon
Member of DD Central
Posts: 631
Likes: 619
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Post by hendragon on Apr 28, 2015 21:45:12 GMT
Only browse on FK once in a while. Any chance of some clarification as I must be looking in the wrong place on their platform. Sorry too cryptic, it mentioned SPV in the email but doesnt on the platform. Its the 400k loan listed in Live Auctions - J** Ltd it does. about halfway down on the business profile tab
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,845
Likes: 11,072
|
Post by ilmoro on Apr 28, 2015 21:56:13 GMT
Sorry too cryptic, it mentioned SPV in the email but doesnt on the platform. Its the 400k loan listed in Live Auctions - J** Ltd it does. about halfway down on the business profile tab Meant without reading any of the blurb, which you wouldnt see without identifying the loan you were looking for.
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