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Post by lb on Mar 9, 2016 13:19:42 GMT
as the SM is a major factor here it should be made clear how much of any loan is owned by 'investors' and how much is owned by SS
The loan going live today (Huddersfield) of £4,500,000 currently shows only £264,000 remaining. This 'implies' to me that £4,236,000 is funded by investors - but how do we know the vast majority of that is not still held by SS.
This is really important (to me anyway) as it should be a clear indicator of liquidity in the site - i.e. the uninvested amount shows £264,000 but could be £5m for all we know if SS are still holding the remainder.
@cooling_dude do you work with SS can you manage to get this sorted please?
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adrianc
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Post by adrianc on Mar 9, 2016 13:24:22 GMT
This isn't LC, with two-thirds or more of a new loan being bought by in-house underwriters...
I don't think there's any significant backlog being held back by SS - and, if there is, it'll only be VERY short term.
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am
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Post by am on Mar 9, 2016 13:33:47 GMT
I think that I saw a comment that it was £90,000 undersubscribed, in which case the rest is people who over-prefunded trying to get rid of the surplus. There has also appeared £80k of Kintyre, £170k of Bedfordshire, and £175k of assorted other loans, which may well represent people trying to free up funds for their subscription. (I'm not counting the £35k in the other Huddersfield loan, as some lenders replacing that by this could have been expected.)
So the real shortfall might have been nearer £800k.
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Post by supernumerary on Mar 9, 2016 13:35:14 GMT
as the SM is a major factor here it should be made clear how much of any loan is owned by 'investors' and how much is owned by SS
The loan going live today (Huddersfield) of £4,500,000 currently shows only £264,000 remaining. This 'implies' to me that £4,236,000 is funded by investors - but how do we know the vast majority of that is not still held by SS.
This is really important (to me anyway) as it should be a clear indicator of liquidity in the site - i.e. the uninvested amount shows £264,000 but could be £5m for all we know if SS are still holding the remainder.
@cooling_dude do you work with SS can you manage to get this sorted please? Please stop panicking and chill...  I don't think cooling_dude works for Saving Stream. Neither do I.  There are a lot of loans for sale on the secondary market at the moment and IMHO, they will all sell, it is just a matter of time for it all to unwind itself.
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adrianc
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Post by adrianc on Mar 9, 2016 13:41:08 GMT
I think that I saw a comment that it was £90,000 undersubscribed, in which case the rest is people who over-prefunded trying to get rid of the surplus. There has also appeared £80k of Kintyre, £170k of Bedfordshire, and £175k of assorted other loans, which may well represent people trying to free up funds for their subscription. (I'm not counting the £35k in the other Huddersfield loan, as some lenders replacing that by this could have been expected.) So the real shortfall might have been nearer £800k. "Trading-in" one loan for another isn't the same as a shortfall. I got exactly what I was wanting - and my allocation of 85 was funded by selling off a loan which updates say will repay very soon, together with the pay-off from That Damned Boat. I've got a couple of other older loans which'll get sold off, in part or in full by selling off other short-term loans, or over-holdings in loans which I'm merely holding for expediency because stuff I want isn't available.
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Post by lb on Mar 9, 2016 13:41:30 GMT
I am very chilled - I can afford to lose what I invest 
I would still like to know allocations - it is a very simple item for SS to provide and massively important for anyone relying on the SM. Let's face it - is there a single person here that would invest if they knew that they had to wait 100% until the end of the loan and there was no other exit? I very much doubt it so lets get the figures because there can be no suitable reason for us not to be told.
@cooling dude savingstream please can you oblige
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freddy
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Post by freddy on Mar 9, 2016 13:42:25 GMT
I would tend to agree, give it 24 hours and we will get a better idea of the true SM situation. It looked the same last week after loan launch but quickly settled down.
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adrianc
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Post by adrianc on Mar 9, 2016 13:42:53 GMT
I would still like to know allocations - it is a very simple item for SS to provide and massively important for anyone relying on the SM. Let's face it - is there a single person here that would invest if they knew that they had to wait 100% until the end of the loan and there was no other exit? But there IS another exit - the SM. You can see how much is on the market of any particular loan at any particular time, and it doesn't take a rocket scientist to guesstimate how long for something to sell.
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t
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Post by t on Mar 9, 2016 13:46:39 GMT
as the SM is a major factor here it should be made clear how much of any loan is owned by 'investors' and how much is owned by SS
The loan going live today (Huddersfield) of £4,500,000 currently shows only £264,000 remaining. This 'implies' to me that £4,236,000 is funded by investors - but how do we know the vast majority of that is not still held by SS.
This is really important (to me anyway) as it should be a clear indicator of liquidity in the site - i.e. the uninvested amount shows £264,000 but could be £5m for all we know if SS are still holding the remainder.
@cooling_dude do you work with SS can you manage to get this sorted please? I don't no if it helps but I put a couple of grand for sale when there was about 200k for sale and mine sold quite quick so would say that the 200 was still in the hands of ss
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freddy
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Post by freddy on Mar 9, 2016 13:48:21 GMT
I am very chilled - I can afford to lose what I invest
I would still like to know allocations - it is a very simple item for SS to provide and massively important for anyone relying on the SM. Let's face it - is there a single person here that would invest if they knew that they had to wait 100% until the end of the loan and there was no other exit? I very much doubt it so lets get the figures because there can be no suitable reason for us not to be told.
@cooling dude savingstream please can you oblige At the risk of offending coolingdude by responding......He doesn't work for SS. He is incredibly helpful to all members with his provision of information however I think it is going a bit far asking him to get something sorted that you could request from SS yourself. Perhaps send them an email.
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Post by lb on Mar 9, 2016 13:50:47 GMT
I am very chilled - I can afford to lose what I invest
I would still like to know allocations - it is a very simple item for SS to provide and massively important for anyone relying on the SM. Let's face it - is there a single person here that would invest if they knew that they had to wait 100% until the end of the loan and there was no other exit? I very much doubt it so lets get the figures because there can be no suitable reason for us not to be told.
@cooling dude savingstream please can you oblige At the risk of offending coolingdude by responding......He doesn't work for SS. He is incredibly helpful to all members with his provision of information however I think it is going a bit far asking him to get something sorted that you could request from SS yourself. Perhaps send them an email. apologies I wasn't sure I just saw he started many threads/polls so thought he may work there or be connected - should we send out a search party?
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Post by supernumerary on Mar 9, 2016 13:53:42 GMT
I am very chilled - I can afford to lose what I invest
I would still like to know allocations - it is a very simple item for SS to provide and massively important for anyone relying on the SM. Let's face it - is there a single person here that would invest if they knew that they had to wait 100% until the end of the loan and there was no other exit? I very much doubt it so lets get the figures because there can be no suitable reason for us not to be told.
@cooling dude savingstream please can you oblige ...that some of the posts I have seen on the board - from people who have only recently started using SS and who seem to believe they have some god given right to invest however much they want on the SM - and that SS should change the system until they are able to - are well OTT. Consequently their whims have to be met...
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cooling_dude
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Post by cooling_dude on Mar 9, 2016 13:56:52 GMT
as the SM is a major factor here it should be made clear how much of any loan is owned by 'investors' and how much is owned by SS
The loan going live today (Huddersfield) of £4,500,000 currently shows only £264,000 remaining. This 'implies' to me that £4,236,000 is funded by investors - but how do we know the vast majority of that is not still held by SS.
This is really important (to me anyway) as it should be a clear indicator of liquidity in the site - i.e. the uninvested amount shows £264,000 but could be £5m for all we know if SS are still holding the remainder.
@cooling_dude do you work with SS can you manage to get this sorted please? Believe it or not, I'm working... and not for SS. I'm a tad busy ATM to read this thread... I'll be back at a PC later today; but if you have a question for SS I suggest you email them....
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Post by lb on Mar 9, 2016 14:18:52 GMT
I am very chilled - I can afford to lose what I invest
I would still like to know allocations - it is a very simple item for SS to provide and massively important for anyone relying on the SM. Let's face it - is there a single person here that would invest if they knew that they had to wait 100% until the end of the loan and there was no other exit? I very much doubt it so lets get the figures because there can be no suitable reason for us not to be told.
@cooling dude savingstream please can you oblige They have arrived!!Consequently their whims have to be met...
I just want to make informed decisions and the lack of this specific information concerns me - obviously it is up to SS to operate their business as they see fit but I don't see why you would insult me for asking a question
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Investor
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Post by Investor on Mar 9, 2016 14:20:41 GMT
Let's face it - is there a single person here that would invest if they knew that they had to wait 100% until the end of the loan and there was no other exit?
Simple answer....Yes However to expand on this I would be of the opinion that there are a larger number who ' knew assume they had to wait 100% until the end of the loan', or at least make their loans based on this worst case scenario. Anyone making investments in SS with a belief that liquidity in the SM is guaranteed is going to find themselves very disappointed.
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