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Post by flx123 on Nov 7, 2015 20:41:52 GMT
I wonder whether anybody has figured out an easy way of monitoring how long it takes to sell CB loans on the SM market (at par or otherwise). The problem is caused by the transaction statement, where CB payments are not linked to their corresponding loan part numbers.
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david42
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Post by david42 on Nov 7, 2015 21:23:12 GMT
Under the Sell menu, the tab 'loan parts sold' lists the date that each loan part was sold, with loan ID. I copy this list into a spreadsheet and analyse the frequency of sales by loan ID.
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Post by GSV3MIaC on Nov 7, 2015 23:36:35 GMT
You need to have kept a database of loan numbers and CB detail though. There is no place to pick up CB% apart from the initial listings. The answers to 'how long' vary a lot, depending on what Funny Critters are doing with autobid. Last time I looked the half-life at par was almost 3 months. Large/recent loans are hard to shift.
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SteveT
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Post by SteveT on Nov 8, 2015 7:45:43 GMT
The attached figures don't show the whole story since they exclude my property loans that have already sold completely, but they give an overall picture (I download my loan book every few days into Excel and then compare remaining balance against how much I bought originally). I used to have a few loans that were taking 5 / 6 / 7 months to sell through but the arrival of fixed rate auctions saw the remainder of those hoovered up within the last few weeks.  [Ignore the stray B, an experimental purchase of a fixed rate SME loan with 1%CB] |
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bigfoot12
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Post by bigfoot12 on Nov 8, 2015 14:37:02 GMT
You need to have kept a database of loan numbers and CB detail though. There is no place to pick up CB% apart from the initial listings. The answers to 'how long' vary a lot, depending on what Funny Critters are doing with autobid. Last time I looked the half-life at par was almost 3 months. Large/recent loans are hard to shift. If after 3 months I have sold half my holding, would you expect the other half to sell much quicker than 3 months, or in about 3 months, or much longer than 3 months (ie a further 1/4 sells in 3 months)?
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SteveT
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Post by SteveT on Nov 8, 2015 14:59:42 GMT
You need to have kept a database of loan numbers and CB detail though. There is no place to pick up CB% apart from the initial listings. The answers to 'how long' vary a lot, depending on what Funny Critters are doing with autobid. Last time I looked the half-life at par was almost 3 months. Large/recent loans are hard to shift. If after 3 months I have sold half my holding, would you expect the other half to sell much quicker than 3 months, or in about 3 months, or much longer than 3 months (ie a further 1/4 sells in 3 months)? Generally faster in my experience. Over time, as an ever larger proportion of the loan ends up in Autobiddies' portfolios (being held to term) and the number of flipper loan-parts listed on the SM reduces, the chances of your remaining parts selling increases.
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Post by GSV3MIaC on Nov 8, 2015 15:47:43 GMT
Yep, generally it speeds up a bit, depending on whether the loan is 'closed' (i.e. all tranches gone) or if there are some still trickling out .. a later tranche poisons sale to autobid of anything earlier in the same loan or by the same company.
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