ramblin rose
Member of DD Central
“Some people grumble that roses have thorns; I am grateful that thorns have roses.” — Alphonse Karr
Posts: 1,370
Likes: 857
|
Post by ramblin rose on Aug 20, 2015 6:42:36 GMT
Subsequent to my comment I saw a screen capture on another thread showing a total oversubscription of in excess of £200,000. With that amount of oversubscription it's conceivable that the oversubscription on an individual loan exceeded SS's retained holding in that loan. I also saw this over-subscription. It came out of nowhere when there was little happening on the SM. it didn't fit the pattern of normal over-subscriptions because it would have required maybe a hundred investors all trying to buy a small chunk all at the same time. Normally large over-subscriptions only occur when there are large amounts to buy and they are over-subscribed by two or three investors or maybe a few more in a period of high activity. I suspect on this occasion there was something odd going on in the back end. I think it was Ramblin Rose who said she had seen this type of glitch before in the run up to a new release. Yes, 'twas I who said that. Seen a very transitory few hundred £K go negative a few times in that scenario - maybe something to do with transferring large chunks to underwriters? Or from underwriters?
|
|
