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Post by GSV3MIaC on Jun 12, 2015 17:12:11 GMT
Seems like Feeling Cautious have flipped over into mass listing mode with 30 (!?) new auctions listed today, many of them not even YMPL (Yet More Property Loans).
Yesterday I think the grand total was fewer than 10 .. I wonder if the pipeline is really that lumpy of whether there is some grand, indecipherable, strategy at work, or if it is just Fridays ...
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Post by loanstar on Jun 12, 2015 17:50:32 GMT
Do we think that because the Harrogate loans are about to be repaid and our friends at Flying Catapults are making sure there are plenty of opportunities for the money to be recycled? I live in hope.
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pom
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Post by pom on Jun 12, 2015 18:01:25 GMT
I think it's more just that they're catching up - seems to have been very little this week
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fasty
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Post by fasty on Jun 12, 2015 18:01:39 GMT
The Harrogate factor may be true, but there does seem to have been a general tendency to launch a whole heap on loans on Friday afternoons. Perhaps it's to replace the whole heap of loans just completing from the previous Friday afternoon? My personal theory is that there is a time window; a sweet spot somewhere after the Friday lunchtime expedition to the wine bar but preceding the Ping-Pong tournament.
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baldpate
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Post by baldpate on Jun 12, 2015 18:15:42 GMT
Or could it be that the whole loan market has become saturated (Oh! Blessed day - caloo, calay!) and the cycle has turned? Oh  ! Sorry - I've just woken up. It was all a dream. |
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adrianc
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Post by adrianc on Jun 13, 2015 13:29:47 GMT
Could it be as simple as the week's pipeline is divided into sevenths - and, because the lights are off over Sat & Sun, Fri gets three days' worth...?
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Post by goldservice on Jun 13, 2015 13:43:40 GMT
Furiously Crunching seems to hold back some loans from the PM until after some slow-to-fill property loans have been filled. If they manage the market a bit there, they may well do it elsewhere ie have all sorts of other criteria for deciding when to launch each loan.
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min
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Post by min on Jun 13, 2015 17:44:24 GMT
Friday may be a half work day for many of the institutional buyers anyway. My you are a cynical bar steward. Membership open to all forum members. 
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baldpate
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Post by baldpate on Jun 13, 2015 20:29:15 GMT
I think I agree with @timmy - it's to do with 'balancing' the loan-flow between the WL & PL markets. The proportion of new loans being taken by the WL market has been creeping up over the months. I''ve said before I believe FC's stratagy is to offer only as much to the PL market as is needed to keep the rates defined at a level which is attractive to the WL market. So maybe Friday is adjustment day, as @timmy suggests.
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fasty
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Post by fasty on Jun 15, 2015 17:10:43 GMT
There's been no stopping them this afternoon (Monday) either; 87 loan requests active at the time of writing
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agent69
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Post by agent69 on Jun 15, 2015 18:07:02 GMT
There's been no stopping them this afternoon (Monday) either; 87 loan requests active at the time of writing Lots of today's additions are only tiddlers. Nothing that is going to drive the rates up.
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upland
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Post by upland on Jun 15, 2015 19:07:22 GMT
There's been no stopping them this afternoon (Monday) either; 87 loan requests active at the time of writing Lots of today's additions are only tiddlers. Nothing that is going to drive the rates up. Quite so , I dont even bother even looking unless they are very large now.
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! Sorry - I've just woken up. It was all a dream. 
