SteveT
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Post by SteveT on May 11, 2016 14:07:58 GMT
Looks to me like 16 out of 17 sequentially numbered loans have come "our" way today, which suggests that WL lender demand is sharply lower all of a sudden.
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acky
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Post by acky on May 11, 2016 14:34:21 GMT
Looks to me like 16 out of 17 sequentially numbered loans have come "our" way today, which suggests that WL lender demand is sharply lower all of a sudden. Perhaps WL lenders have enough iPads - could always use them as table tennis bats, I suppose.
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ilmoro
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'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 May 11, 2016 14:37:53 GMT
Looks to me like 16 out of 17 sequentially numbered loans have come "our" way today, which suggests that WL lender demand is sharply lower all of a sudden. Hmmm, anything to do with Lending Club and the press coverage of the impact on UK P2P funds today I wonder? Some consolidation on their part and review of positions/holdings in the short term.
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blender
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Post by blender on May 11, 2016 15:02:16 GMT
If the whole loan demand is low after the end of the ipad frenzy, then we may even see our old friend cashback again. Presumably there will be a sell-off from the ipad crowd once they have their prizes, as well as increased primary loans.
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kt
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Post by kt on May 11, 2016 15:42:40 GMT
Whole loans are not picked up only by the Funding Circle Fund are they?
I had thought there were larger investors other than the FC Fund. Perhaps their investment in FC has reached their happiness threshold?
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blender
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Post by blender on May 11, 2016 18:31:46 GMT
Whole loans are not picked up only by the Funding Circle Fund are they? I had thought there were larger investors other than the FC Fund. Perhaps their investment in FC has reached their happiness threshold? True, at least 50% go to other whole loan purchasers. There were no whole loan rejects yesterday, from the loan book info, and so it would seem that FC have reduced the number being offered as whole loans and a large whole loan lender has probably stopped purchasing. Lenders are not identified and so we have to make our own interpretations. A happy co-incidence for the ipad-struck lenders, or is it?
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blender
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Post by blender on May 12, 2016 6:55:29 GMT
Of the last numbered 100 loans in the loan book this morning, 12th, 62 are partial and 38 whole, with no whole loan rejects. Definitely being adjusted to suit market circumstances - not that there is anything wrong with that.
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blender
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Post by blender on May 13, 2016 14:56:13 GMT
Of the last numbered 100 loans in the loan book this morning, 12th, 62 are partial and 38 whole, with no whole loan rejects. Definitely being adjusted to suit market circumstances - not that there is anything wrong with that. The same analysis today shows that there is a 3 to 2 split in favour of partial loans, which is most unusual. I do think that FC are trying to support their ipad-struck lenders. There a string of 10% property loans, and the more experienced non-autobidders among them may realise that the best way to get their ipad is to buy chunks of those loans to draw down on Monday 16th and then to diversify on the SM. No guarantees of drawdown! What's the betting that the WL/PL split will change next week? Too many chameleons on this thread - I'm off.
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treeman
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Post by treeman on May 13, 2016 15:11:36 GMT
I guess some time later on looking at the back of the shelves and setting up a stall for the weekend, will prove time well spent !  ( Well, if I was a grand short of an iPad I wouldn't be relying on drawdowns at this stage .............. ) |
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acky
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Post by acky on May 13, 2016 17:17:03 GMT
I guess some time later on looking at the back of the shelves and setting up a stall for the weekend, will prove time well spent ! ( Well, if I was a grand short of an iPad I wouldn't be relying on drawdowns at this stage .............. ) ... agreed. Anyone a grand short of an iPad would be better advised to buy my overpriced loan parts on the SM! 
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Post by GSV3MIaC on May 13, 2016 17:49:08 GMT
Or they could just pocket the grand, and buy a couple of ipads from a reputable source?
(I wonder what the warranty/support position is on an 'I got it free with Brooke Bond Tea' type computer?)
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metoo
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Post by metoo on May 13, 2016 20:23:05 GMT
Or they could just pocket the grand, and buy a couple of ipads from a reputable source? (I wonder what the warranty/support position is on an 'I got it free with Brooke Bond Tea' type computer?) Just in case anyone wants to know, the T&Cs say: You do get to keep the grand as well as the ipad/kindle. Still time if you have 10-30k sitting in a bank somewhere... (No, I'm not promoting on behalf of Free Computers) .
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Post by GSV3MIaC on May 13, 2016 20:28:42 GMT
Kindle I've got; Ipad I wouldn't have if you gave me one (I prefer open source, although Google is doing its level best to mess Android into a closed shop too).
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blender
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Post by blender on May 14, 2016 10:56:50 GMT
In the loan book posted today, Sat 14th May, of the last numbered 100 loans 71 were offered as partial. This figure has been going up at a few a day. We can see how it changes next week.
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blender
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Post by blender on May 15, 2016 7:59:24 GMT
I guess some time later on looking at the back of the shelves and setting up a stall for the weekend, will prove time well spent ! ( Well, if I was a grand short of an iPad I wouldn't be relying on drawdowns at this stage .............. ) Autobid seems to have had a feeding frenzy overnight. Time to upcycle those old loan parts and get them out on the trestle table. FC may be up early tomorrow to get a few property loans through in a day. Anyone who just misses out on their ipad qualification because there is nothing reasonable for sale is not going to be a happy bunny. Will there be a closing email?
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