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PBL55
Sept 4, 2015 9:01:26 GMT
Post by supernumerary on Sept 4, 2015 9:01:26 GMT
Thank you for all your postings and a ‘heads up’ on what happened, the day after a loan went live. Anybody notice the 35k (min) worth of this loan on the market today? The activity page has a load of transactions dated today and the sums dont correspond to sums that would have been allocated under the model yesterday. Yes, there were at least two large lumps put in around 9 - 9.30am. I saw a second lump of about 17 - 20k go on the SM at that time. So is a pattern developing here? Is it a case of Saving Stream selling off the following morning from those lenders who haven’t funded their allocation? Again, thank you for posting a ‘heads up’ on the secondary market sales for these new loans. |
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beechside
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PBL55
Sept 4, 2015 9:04:05 GMT
Post by beechside on Sept 4, 2015 9:04:05 GMT
That's a little cryptic... The bin men came this morning where I live 
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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
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PBL55
Sept 4, 2015 9:07:44 GMT
Post by ilmoro on Sept 4, 2015 9:07:44 GMT
That's a little cryptic... The bin men came this morning where I live Cryptic! I just. got a notification to say hed quoted me, Im assuming its for delivery 
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PBL55
Sept 4, 2015 9:16:54 GMT
Post by supernumerary on Sept 4, 2015 9:16:54 GMT
That's a little cryptic... The bin men came this morning where I live Cryptic! I just. got a notification to say hed quoted me, Im assuming its for delivery I was loading the quotes into a word document and obtaining the BBCodes, but by mistake I clicked ‘Create Post’ before it was finished… So I edited it accordingly, which gave me time to write what I wanted. These things happen…
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beechside
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Post by beechside on Sept 4, 2015 9:26:05 GMT
So is a pattern developing here? Is it a case of Saving Stream selling off the following morning from those lenders who haven’t funded their allocation? I doubt it's SS automatically selling off due to non-funding. SS have said they would wait 48 hours before doing so without notice. Could be people who decided they didn't want the loan and either asking SS to return their share or simply posting unwanted loans on the SM. Wish I'd seen it, though. Plenty coming through, however, so optimistic for the next week. I have my pension tax free cash to invest. . .
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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
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Post by ilmoro on Sept 4, 2015 9:36:37 GMT
That's a little cryptic... The bin men came this morning where I live Cryptic! I just. got a notification to say hed quoted me, Im assuming its for delivery I was loading the quotes into a word document and obtaining the BBCodes, but by mistake I clicked ‘Create Post’ before it was finished… So I edited it accordingly, which gave me time to write what I wanted. These things happen… Sounds torturous. I cheat and have two windows/tabs open so I can cut & paste and then manually add truncated BB codes. Regularly hit 'post' rather than 'preview' I confess
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PBL55
Sept 4, 2015 9:42:37 GMT
Post by supernumerary on Sept 4, 2015 9:42:37 GMT
So is a pattern developing here? Is it a case of Saving Stream selling off the following morning from those lenders who haven’t funded their allocation? I doubt it's SS automatically selling off due to non-funding. SS have said they would wait 48 hours before doing so without notice. Could be people who decided they didn't want the loan and either asking SS to return their share or simply posting unwanted loans on the SM. Wish I'd seen it, though. Plenty coming through, however, so optimistic for the next week. I have my pension tax free cash to invest. . . Thank you for your thoughts. If that is the case, then could there be a 'pattern' of TWO waves of Secondary Market sales for new loans? The morning after the launch of the new loan and 48 hours later... Just thinking things through, from the previous observations made by others.
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beechside
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Post by beechside on Sept 4, 2015 9:47:35 GMT
If that is the case, then could there be a 'pattern' of TWO waves of Secondary Market sales for new loans? The morning after the launch of the new loan and 48 hours later... Yes, this is true but possibly even faster than that. For those people who have a large PF level, they might get more than they want, particularly if SS release more than 1 loan a day. The natural thing would be to dump unwanted loans on the SM. However, as has been noted elsewhere, the PF page on the SS website has changed. The old In/Out control has disappeared and they say that a new version is coming. Perhaps there will be individual funding by loan, perhaps there will be absolute or % limits for a single day, who knows. Kudos to SS for listening, though we don't yet know what they're going to do.
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beechside
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PBL55
Sept 4, 2015 10:12:43 GMT
Post by beechside on Sept 4, 2015 10:12:43 GMT
However, as has been noted elsewhere, the PF page on the SS website has changed. The old In/Out control has disappeared and they say that a new version is coming. Perhaps there will be individual funding by loan, perhaps there will be absolute or % limits for a single day, who knows. Kudos to SS for listening, though we don't yet know what they're going to do. Crikey. They were quick. You can now set prefunding levels by loan on the Pipeline page. (Thanks to James Duffin for the heads up) And you can now prefund up to £250,000 per loan. Anyone got 1.5 million lying around?
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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: 11,329
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PBL55
Sept 4, 2015 10:15:11 GMT
Post by ilmoro on Sept 4, 2015 10:15:11 GMT
However, as has been noted elsewhere, the PF page on the SS website has changed. The old In/Out control has disappeared and they say that a new version is coming. Perhaps there will be individual funding by loan, perhaps there will be absolute or % limits for a single day, who knows. Kudos to SS for listening, though we don't yet know what they're going to do. Crikey. They were quick. You can now set prefunding levels by loan on the Pipeline page. (Thanks to James Duffin for the heads up) Have to go in through link on PF tab, loan proposals also now viewable Edit. I just get an error when I confirm, is it actually working
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paulgul
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PBL55
Sept 4, 2015 10:39:16 GMT
Post by paulgul on Sept 4, 2015 10:39:16 GMT
Just worked for me Ok
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beechside
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PBL55
Sept 4, 2015 10:42:18 GMT
Post by beechside on Sept 4, 2015 10:42:18 GMT
Worked fine for me. Changed several PF levels, saved 'em, logged out and back in again. No problems.
Let's see how the actual funding code copes when they release a loan. . .
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registerme
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PBL55
Sept 4, 2015 11:55:09 GMT
Post by registerme on Sept 4, 2015 11:55:09 GMT
That's great news.
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david42
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Post by david42 on Jul 9, 2016 15:44:05 GMT
The Saving Stream update on 8 July 2016 says: "Borrower has agreed a sale for £6,000,000. On an option agreement for 12 months. The buyer will pay Saving Stream interest quarterly in advance for up to 12 months". The same update was posted for PBL057 - Land with planning - Scotland.
Previous updates were talking about selling only the Scottish land for circa £5m. There are two possible interpretations of the latest updates:
a) the borrower has agreed an option to sell both the Scottish and the Welsh land together for a total of £6,000,000.
b) the borrower has agreed an option to sell only the Scottish land for £6,000,000.
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Anybody notice the 35k (min) worth of this loan on the market today?
