|
Post by lynnanthony on Oct 19, 2016 11:43:21 GMT
Just when I think I understand how Assetz works behind the scenes I come across something that doesn't "fit".
My wife and I have an account each. For tax reasons I'm running down mine and building up hers. When hers is in need of funds I sell off some of mine, transfer the money into our bank, then transfer it into hers.
When I sell off one of my loans I can see how many chunks it gets divided into and how big the chunks are. This sort of indicates to me how popular the loan is. One of those chunks almost always gets bought by my wife's account (because I go through this procedure well before her account is out of funds). Today I sold my holding in loan 186. Instead of being split up it went in one chunk for the whole amount. My wife did not get any.
Can I assume that the QAA or 30DAA has taken priority and snaffled the whole thing for itself? So, do the AA accounts have targets for every loan, and take precedence over the MLIA rather than sharing? I'm not complaining exactly, I'm just trying to understand how it works.
|
|
|
Post by pepperpot on Oct 19, 2016 12:12:14 GMT
Yep, noticed similar here too; and came to the same conclusion. QAA needs to diversify like all of us and the bigger it gets the hungrier it is for parts of smaller loans, your 186 going in probably pushed a bit of something newer/larger out. ...Thanks!
|
|
lobster
Member of DD Central
Posts: 636
Likes: 467
|
Post by lobster on Oct 19, 2016 17:21:09 GMT
........ When I sell off one of my loans I can see how many chunks it gets divided into and how big the chunks are. Apologies if I'm being a bit dense here, but HOW can you do this ? Is it by looking at the MLIA report statement , or by some other means . Thanks.
|
|
|
Post by lynnanthony on Oct 19, 2016 19:13:38 GMT
........ When I sell off one of my loans I can see how many chunks it gets divided into and how big the chunks are. Apologies if I'm being a bit dense here, but HOW can you do this ? Is it by looking at the MLIA report statement , or by some other means . Thanks. I'm simply referring to the Transaction report. Selling say a £1000 loan, sometimes it might go into 500 x £2 chunks, sometimes it might go into 8 x £125 chunks. Though the values are never so rounded, and the chunks are never all the same size (due I assume to lenders having limited funds available or lower buy orders.)
|
|