Post by GSV3MIaC on Sept 24, 2016 14:40:00 GMT
/mod hat off
It really all depends on the state (and future state) of the SM. All you can say about a "-30 day remaining" loan is that is probably 60 days nearer returning your money than a "+30 day loan" (given that there seems to be a >>50% chance that any loan will overrun, at last once). With the +30 day loan it ought, maybe, be easier to sell .. if the SM is liquid for 30 day loans, Of course sometimes it is SO liquid that the -30 day loans sell too. 8>.
Personally I'd prefer not to buy overdue loans, but if the security looks sensible and the exit looks feasible (before the LTV grows to >100%) I have been known to buy them, and certainly to hold them if I already had some.
It really all depends on the state (and future state) of the SM. All you can say about a "-30 day remaining" loan is that is probably 60 days nearer returning your money than a "+30 day loan" (given that there seems to be a >>50% chance that any loan will overrun, at last once). With the +30 day loan it ought, maybe, be easier to sell .. if the SM is liquid for 30 day loans, Of course sometimes it is SO liquid that the -30 day loans sell too. 8>.
Personally I'd prefer not to buy overdue loans, but if the security looks sensible and the exit looks feasible (before the LTV grows to >100%) I have been known to buy them, and certainly to hold them if I already had some.
