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Post by spanner on Jun 15, 2016 13:50:25 GMT
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ptr120
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Post by ptr120 on Jun 15, 2016 14:32:10 GMT
If they refinanced some of the late running property loans instead of letting them go delinquent it would probably help to make the figures look better (and allow me to recycle some funds).
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fasty
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Post by fasty on Jun 15, 2016 16:56:57 GMT
I seem to remember this time of year being a bit slow in previous years. Is it the onset of summer holiday apathy?
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adrianc
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Post by adrianc on Jun 15, 2016 17:28:35 GMT
I seem to remember this time of year being a bit slow in previous years. Is it the onset of summer holiday apathy? Come over to SS if you want action...
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bigfoot12
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Post by bigfoot12 on Jun 15, 2016 17:31:29 GMT
I wonder if it is Brexit related? AC and SS are in a similar position. If I owned a SME and was thinking of expanding/moving or entering a new market, I'd wait until after the referendum.
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Post by GSV3MIaC on Jun 15, 2016 18:02:49 GMT
I seem to remember this time of year being a bit slow in previous years. Is it the onset of summer holiday apathy? Come over to SS if you want action... The summer apathy is usually August (with a little overspill each end) so this is early. It may be pre-referendum nerves, or it may be 'everyone piled in for an i-toy and is now retrenching' .. but yes, there is more ('somewhat secured') loan stock available at 12% over on SS than anyone (even B&E?) could swallow, for some limited period.
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nick
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Post by nick on Jun 17, 2016 14:56:30 GMT
I think some of it must be a spill over from Brexit concerns. I have liquidated a sizeable position across most of the platforms to hold as cash until the vote passes. I agree with GSV3MIaC that its a bit early to be the usual summer slow which normally starts mid July.
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Post by Deleted on Jun 17, 2016 18:39:03 GMT
I wonder if it is Brexit related? AC and SS are in a similar position. If I owned a SME and was thinking of expanding/moving or entering a new market, I'd wait until after the referendum. Well, SS is having its busiest week ever, with over 14 mil. loans launched, another 3 mil coming tomorrow and the announced biggest ever p2 loan coming in next week. And for them this is over 15% of their total books (as for comparison it would be like FC lending 200 mil. in a week!!), so certainly VERY VERY VERY busy out there. Very different climate to FC. So for those working well and to the benefit of their lenders, there is a definite market even in the summer and with the brexit referendum coming soon.
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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 Jun 17, 2016 18:53:11 GMT
I wonder if it is Brexit related? AC and SS are in a similar position. If I owned a SME and was thinking of expanding/moving or entering a new market, I'd wait until after the referendum. Well, SS is having its busiest week ever, with over 14 mil. loans launched, another 3 mil coming tomorrow and the announced biggest ever p2 loan coming in next week. And for them this is over 15% of their total books (as for comparison it would be like FC lending 200 mil. in a week!!), so certainly VERY VERY VERY busy out there. Very different climate to FC. So for those working well and to the benefit of their lenders, there is a definite market even in the summer and with the brexit referendum coming soon. We've already had the biggest P2P loan, its the London flats which will complete on Mon. Only 2m tomorrow and all bottom up (in theory) so everyone should be able to manage their PF so they dont get caught out. Net figure (suspect SS are talking gross) next week shouldnt be as big as this week as some of the loans coming will be DFL so full sum wont be available and will be offset by repayments of the existing loans they are refinancing Assuming SS havent got another load of Stage 3 we dont know about 
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fasty
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Post by fasty on Jun 17, 2016 22:24:59 GMT
It's been so uninspiring at Flaccid Currency, I finally just moseyed over to the dark side and got me some hot SS action. With most new secured property loans on FC being 8%, but SS offering 12%, it seemed worth a go. Then there's eggs, baskets, etc...
I'm still trying to get my head round why a typical loan PBL106 apparently only recently on their secondary market ("available loans") seems to have such a large value shown as "available". Surely this can't all be from people selling their loan parts already? What is this "available" amount composed of? Maybe I need to read the FAQs some more.
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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 Jun 17, 2016 22:34:08 GMT
It's been so uninspiring at Flaccid Currency, I finally just moseyed over to the dark side and got me some hot SS action. With most new secured property loans on FC being 8%, but SS offering 12%, it seemed worth a go. Then there's eggs, baskets, etc...
I'm still trying to get my head round why a typical loan PBL106 apparently only recently on their secondary market ("available loans") seems to have such a large value shown as "available". Surely this can't all be from people selling their loan parts already? What is this "available" amount composed of? Maybe I need to read the FAQs some more.
It wasnt fully taken up by lenders at launch so SS released the excess (or maybe a part) onto the market. Any lenders wishing to sell will be ahead of this excess in the Q so it doesnt impact liquidity. Currently all the availibility is SS excess, there is £0 lender holdings for sale (if you go to sell you will see the current Q displayed as 0) I havent actually got round to writing much in the FAQ relating to the SM. Keep getting distracted (Correction actually had covered this in SM/PM Q, added a bit more) Edit: Hadnt actually realised this was the FC board, perils of reading everything on recent posts. Wish people would stick platform name/initials in thread titles.
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fasty
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Post by fasty on Jun 17, 2016 22:39:02 GMT
That's very helpful ilmoro, thanks. Apologies to others for veering the topic away from FC.
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bigfoot12
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Post by bigfoot12 on Jun 21, 2016 8:06:00 GMT
Within the overall slowdown in volume, does anyone else see a particular decline in D and E loans?
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Post by GSV3MIaC on Jun 21, 2016 8:12:41 GMT
Yes
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Post by bonfemme on Jun 21, 2016 8:30:27 GMT
Within the overall slowdown in volume, does anyone else see a particular decline in D and E loans? They decided to rebrand them all as A or A*
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