mv
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Post by mv on Sept 8, 2016 11:12:04 GMT
Now that the SM is bare again, bearing in mind all that is known, remaining times etc, which loans do you think are the weakest? Which would you trim if you were holding plenty?
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ali
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Post by ali on Sept 8, 2016 11:17:45 GMT
Now that the SM is bare again, bearing in mind all that is known, remaining times etc, which loans do you think are the weakest? Which would you trim if you were holding plenty? This is my decline list. Can't tell you why, I don't keep records of that (and I haven't looked at every loan): PBL027 Decline PBL033 Decline PBL035 Decline PBL047 Decline PBL064 Decline PBL081 Decline PBL088 Decline PBL104 Decline
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 8, 2016 11:21:59 GMT
Now that the SM is bare again, bearing in mind all that is known, remaining times etc, which loans do you think are the weakest? Which would you trim if you were holding plenty? This is my decline list. Can't tell you why, I don't keep records of that (and I haven't looked at every loan): PBL027 Decline PBL033 Decline PBL035 Decline PBL047 Decline PBL064 Decline PBL081 Decline PBL088 Decline PBL104 Decline PBL104.... I think you need to update your list ali 
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ali
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Post by ali on Sept 8, 2016 11:28:57 GMT
PBL104.... I think you need to update your list ali Good point. Done.
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Post by retired2005 on Sept 8, 2016 11:34:33 GMT
PBL 35 Six month extension ??
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ali
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Post by ali on Sept 8, 2016 11:40:34 GMT
PBL 35 Six month extension ?? My notes say I reviewed it yesterday at 182 days. Still wasn't happy.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 8, 2016 11:40:54 GMT
Now that the SM is bare again, bearing in mind all that is known, remaining times etc, which loans do you think are the weakest? Which would you trim if you were holding plenty? It does depends what you mean by 'weakest'. > Would you consider a loan with weak security but a strong exit plan as weak? > Would you consider a loan that looks likely to default but has strong security as week? > Or (as I think too many do) do you simply view any loan below xx term as weak? I believe that it should be a combination of all three, but I have seen some discussion here recently that suggest some investors simply sell when it reaches xx term. There will be some fingers burned if they continue to use this strategy (JMHO).
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Post by Deleted on Sept 8, 2016 11:51:05 GMT
Now that the SM is bare again, bearing in mind all that is known, remaining times etc, which loans do you think are the weakest? Which would you trim if you were holding plenty? It does depends what you mean by 'weakest'. > Would you consider a loan with weak security but a strong exit plan as weak? > Would you consider a loan that looks likely to default but has strong security as week? > Or (as I think too many do) do you simply view any loan below xx term as weak? I believe that it should be a combination of all three, but I have seen some discussion here recently that suggest some investors simply sell when it reaches xx term. There will be some fingers burned if they continue to use this strategy (JMHO). I will personally will not give numbers, but the single suggestion I want to pass is: - analyse with attention the security the borrower is putting forward and nothing else. I have on my portfolio quite a number of loans which other lenders would not like (because they are too close to expiry or because they have a borrower with a not-too-nice past etc.) but I am happy with the security behing it and am confident the SS team will maximise it in case of default.
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mv
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Post by mv on Sept 8, 2016 14:26:14 GMT
Now that the SM is bare again, bearing in mind all that is known, remaining times etc, which loans do you think are the weakest? Which would you trim if you were holding plenty? > Would you consider a loan with weak security but a strong exit plan as weak? Yes. If the strong exit plan falls through then you're in trouble > Would you consider a loan that looks likely to default but has strong security as week? No. But I would prefer not to be holding much of it when the parcel does stop. > Or (as I think too many do) do you simply view any loan below xx term as weak? No. Some of the short term loans are very good. No need to sell them after a month. I do look closer on the updates as the term draws nearer (for what it's worth!)
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mikes1531
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Post by mikes1531 on Sept 8, 2016 14:52:05 GMT
I will personally will not give numbers, but the single suggestion I want to pass is: - analyse with attention the security the borrower is putting forward and nothing else. I have on my portfolio quite a number of loans which other lenders would not like (because they are too close to expiry or because they have a borrower with a not-too-nice past etc.) but I am happy with the security behing it and am confident the SS team will maximise it in case of default. I used to think that the security was all that mattered, and it didn't matter who the borrower was. My experience with AC has proved otherwise. Property values are dependent on how well the property is kept, and it surprised me how much the value could suffer at the hands of a borrower. What seemed like a reasonable LTV in some cases has turned out to be a disaster for investors when the borrower defaulted. LPA receivership is not a quick process, and costs can be substantial, especially when the borrower is not cooperative.
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Post by freedommmm on Sept 8, 2016 16:22:08 GMT
Nothing is available at this minute, except for just one loan, which is in default. And even then only 107K is available. Wow!
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dan83
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Post by dan83 on Sept 8, 2016 16:36:47 GMT
I don't consider any loan weak, I go on the loan length, if the loan is longer then my shortest term then I'm interested.
I don't invest in anything in London or Manchester either.
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Jeepers
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Post by Jeepers on Sept 8, 2016 16:40:44 GMT
Now that the SM is bare again, bearing in mind all that is known, remaining times etc, which loans do you think are the weakest? Which would you trim if you were holding plenty? This is my decline list. Can't tell you why, I don't keep records of that (and I haven't looked at every loan): PBL027 Decline PBL033 Decline PBL035 Decline PBL047 Decline PBL064 Decline PBL081 Decline PBL088 Decline PBL104 Decline Surprised PBL 20 isnt on that list! 😁
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ali
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Post by ali on Sept 8, 2016 17:07:24 GMT
Surprised PBL 20 isnt on that list! 😁 Nor the fields. I think I just never even considered them and so they never got written up.
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Post by trentenders on Sept 8, 2016 17:16:20 GMT
What's wrong with the fields please?
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