adrianc
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Post by adrianc on Jul 7, 2015 11:21:35 GMT
I'm sure that the borrowers don't consider that anything is "wrong" with their loans reaching MBR! No, I'm sure they don't... It's far more likely to be the level of that MBR. 18.2%, when a week ago they couldn't even have started the auction north of 15%, and the worst possible MBR was 12.2%...
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TitoPuente
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Post by TitoPuente on Jul 7, 2015 11:50:47 GMT
I'm sure that the borrowers don't consider that anything is "wrong" with their loans reaching MBR! No, I'm sure they don't... It's far more likely to be the level of that MBR. 18.2%, when a week ago they couldn't even have started the auction north of 15%, and the worst possible MBR was 12.2%... What is wrong is the system. When 100% of the outcomes are concentrated in one extreme of the scale, maybe the problem is the scale? Is it possible to expect that if they reduced the E loans MBR to, say 14%, such loans would fill at a higher than MBR? Somewhere between 14% and 18%. Would this be a fair pricing? On the same token, is it also likely that if large property deals would have a variable rate, they would all fill at a market rates instead of ending in a propping up scenario or cancelled altogether?
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agent69
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Post by agent69 on Jul 7, 2015 17:36:53 GMT
Logged on just after tea yesterday and there was a £52k E band loan just listed.
Decided to jump on the E band merry-go-round by buying 3 small lumps. Just need to remember to sell them before the first payment is due.
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SteveT
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Post by SteveT on Jul 7, 2015 18:23:43 GMT
Maybe they're having an udder think! It's now in pre-agreement And now drawn down.
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kt
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Post by kt on Jul 7, 2015 18:26:14 GMT
Logged on just after tea yesterday and there was a £52k E band loan just listed. Decided to jump on the E band merry-go-round by buying 3 small lumps. Just need to remember to sell them before the first payment is due. Are they reselling? I think E rated will be very hard to offload. KT
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blender
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Post by blender on Jul 7, 2015 18:50:49 GMT
Down to 0.9% premium now.
I have heard that the FC staffer who arranges the drawdown for the E loans is called Bernadette - something to do with miraculous healing.
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kt
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Post by kt on Jul 7, 2015 20:33:17 GMT
Down to 0.9% premium now. I have heard that the FC staffer who arranges the drawdown for the E loans is called Bernadette - something to do with miraculous healing. I had to Google that. Lourdes? KT
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adrianc
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Post by adrianc on Jul 7, 2015 21:03:06 GMT
On the same token, is it also likely that if large property deals would have a variable rate, they would all fill at a market rates instead of ending in a propping up scenario or cancelled altogether? 14% would have the after-default rate slightly lower than MBR for C-/D, once you take five years of predicted defaults into account. It'd need to be around 16% to keep a sensible step there.
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blender
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Post by blender on Jul 7, 2015 21:34:34 GMT
Down to 0.9% premium now. I have heard that the FC staffer who arranges the drawdown for the E loans is called Bernadette - something to do with miraculous healing. I had to Google that. Lourdes? KT Full marks kt. The launch of the F band is being held up while they find someone to handle it called Lazarus.
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fasty
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Post by fasty on Jul 7, 2015 21:40:26 GMT
I had to Google that. Lourdes? KT Full marks kt. The launch of the F band is being held up while they find someone to handle it called Lazarus. Presumably "F" will be so exquisitely risky, it will be necessary to pre-sell it on the SM prior to purchase from the PM.
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TitoPuente
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Post by TitoPuente on Jul 8, 2015 11:32:55 GMT
I am all for a W band, as in W**ga. MBR would be 2,375.3%
Is there any P2P platform doing payday?
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registerme
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Post by registerme on Jul 8, 2015 11:51:02 GMT
I prefer the LOL (ludicrously outrageous loan) band myself.
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fasty
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Post by fasty on Jul 8, 2015 13:27:32 GMT
Another E launched. If you hurry you can get a nibble Loan 14048 : E band £25020, 60 months.
Gaz must still be reviewing the budget... Ah, it took him 7 minutes to wake up
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oldgrumpy
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Post by oldgrumpy on Jul 8, 2015 13:45:55 GMT
I had to Google that. Lourdes? KT Full marks kt. The launch of the F band is being held up while they find someone to handle it called Lazarus. Fallacy Creators would be well advised to go Old Testament, and pick Ezekiel, or one of the more reliable profits ...... oh .... I mean prophets!
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Post by ogwellian on Jul 8, 2015 13:59:57 GMT
I am all for a W band, as in W**ga. MBR would be 2,375.3% Is there any P2P platform doing payday? MoneyThing secures against pawn shop articles (mainly watches and jewellery). The original payday loans, I suppose. 1% per month, fixed return.
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