fasty
Member of DD Central
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Post by fasty on May 7, 2014 20:58:51 GMT
Rates heading UP? Did I miss something? I've not bought anything for days because I got outbid on literally everything. It feels like the cashback lured back a load of dormant lenders who are determined to invest their dosh at any rate, forgetting fees and bad debt.
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blender
Member of DD Central
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Post by blender on May 7, 2014 21:20:12 GMT
Credit where it's due here, perhaps. FC are not going to give details of the changes or the timing, and Autobid is an important area of flexibility for them. But they have clearly been reading this forum, noted what had been found and recognised that change was needed - even at the expense of some stats. The priority did not matter before when all decent par parts were snapped up, but recently it has mattered. It is possible that FC generally were not aware of the LIFO - maybe an old piece of insignificant code - and were unaware that the time to sell stats were not representative of the actuality. I have noticed a change recently with C- loan parts selling a few each day, but had put it down to the reduced queue.
We pointed out the problem on this forum, they noticed and fixed it - job done?
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Post by GSV3MIaC on May 7, 2014 22:47:17 GMT
Rates heading UP? Did I miss something? I've not bought anything for days because I got outbid on literally everything. It feels like the cashback lured back a load of dormant lenders who are determined to invest their dosh at any rate, forgetting fees and bad debt.
I was referring to MBRs heading up .. Average rates are all over the place. More, IMO, because auction volumes dropped in the last few weeks, what with Easter, bank holiday, etc.
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