mikes1531
Member of DD Central
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Post by mikes1531 on Jul 16, 2014 11:12:19 GMT
PS. This isn't the only loan showing this behaviour. Staf********* P******* has over half of its units for sale in the Aftermarket yet shows to be only 27% held by underwriters. I can help explain what happened to Staf* P* - I took out a big chunk of the underwriting with cash have been slowly selling on. So the underwriting horseshoe would have suddenly jumped a few weeks ago and then moved much more slowly since. Thanks for the input. Events of today have provided more info. After struggling for nearly two weeks, both the West L* P* I* and Nott* B* loans suddenly jumped to 100% User funded and closed. Looking at the lists of bids, however, it seems clear that the underwriters have been called in. Today's large bids -- by lenders with "underwriter" or "under@writer" in their IDs -- represent 53% and 39%, respectively, of the funds requested for those two loans. So at this point the horseshoe charts seem to be inaccurate. Perhaps it's just a temporary issue until the underwriters' shares are recorded in the system and the charts updated, but at the moment they're misleading.
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Post by chris on Jul 16, 2014 11:41:48 GMT
Or the underwriters intend on keeping those loan units. Dominic would need to confirm as I have no inside knowledge of this but the chart will reflect exactly what type of bid is placed, so if it's not showing underwriting bids then they've been entered as normal user bids. That could be in error or it could be deliberate. |
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Post by Ton ⓉⓞⓃ on Jul 16, 2014 14:47:08 GMT
Or the underwriters intend on keeping those loan units. Dominic would need to confirm as I have no inside knowledge of this but the chart will reflect exactly what type of bid is placed, so if it's not showing underwriting bids then they've been entered as normal user bids. That could be in error or it could be deliberate. But the u/w can keep them in that state as well as any other state. It's intriguing that an u/w would find an attraction in being a simple Lender. If the above is accurate?
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Post by chris on Jul 16, 2014 15:10:06 GMT
Or the underwriters intend on keeping those loan units. Dominic would need to confirm as I have no inside knowledge of this but the chart will reflect exactly what type of bid is placed, so if it's not showing underwriting bids then they've been entered as normal user bids. That could be in error or it could be deliberate. But the u/w can keep them in that state as well as any other state. It's intriguing that an u/w would find an attraction in being a simple Lender. If the above is accurate? I was just pointing out that the option is there, no idea if that's the case this time.
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