archie
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Post by archie on May 29, 2017 9:40:47 GMT
I dislike variable price SMs  Platform differences are good, everyone can choose whichever platforms suit them best. I started at liking only SM at par, but gradually grew in confidence on FS/ABL etc, and fully agree re diversity of approach. Whilst I have stuff on Lendy that I want to sell, I am not desperate to sell so am just sitting tight, but I think those at the back of the Q facing a 4% or greater loss may well be, and there may be those happy to take the risk if they can buy at a significant discount. The current situation is that buyers of glut loans get no benefit, the seller loses significant interest, and the only winner is Lendy who take the interest lost. I would feel differently if listing on the SM did not lose me interest. It was a quid pro quo when we had INPL, but now seems heavily weighted in Lendy's favour. FS is slightly different because interest is rolled up to the end of the term. I don't like the sm on ABL. Surely if you buy into a loan you should be prepared to hold to term if need be.  I agree that we shouldn't really lose interest for something on sale though as we still hold the liability.
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IFISAcava
Member of DD Central
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Post by IFISAcava on May 29, 2017 9:41:57 GMT
I dislike variable price SMs Platform differences are good, everyone can choose whichever platforms suit them best. I started at liking only SM at par, but gradually grew in confidence on FS/ABL etc, and fully agree re diversity of approach. Whilst I have stuff on Lendy that I want to sell, I am not desperate to sell so am just sitting tight, but I think those at the back of the Q facing a 4% or greater loss may well be, and there may be those happy to take the risk if they can buy at a significant discount. The current situation is that buyers of glut loans get no benefit, the seller loses significant interest, and the only winner is Lendy who take the interest lost. I would feel differently if listing on the SM did not lose me interest. It was a quid pro quo when we had INPL, but now seems heavily weighted in Lendy's favour. waiting in a selling Q is a cost as others have pointed out. Except the effective discount goes to Lendy not the buyer. No incentive for Lendy to change it (unless it want liquidity back in its SM).
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IFISAcava
Member of DD Central
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Post by IFISAcava on May 29, 2017 9:47:44 GMT
I started at liking only SM at par, but gradually grew in confidence on FS/ABL etc, and fully agree re diversity of approach. Whilst I have stuff on Lendy that I want to sell, I am not desperate to sell so am just sitting tight, but I think those at the back of the Q facing a 4% or greater loss may well be, and there may be those happy to take the risk if they can buy at a significant discount. The current situation is that buyers of glut loans get no benefit, the seller loses significant interest, and the only winner is Lendy who take the interest lost. I would feel differently if listing on the SM did not lose me interest. It was a quid pro quo when we had INPL, but now seems heavily weighted in Lendy's favour. FS is slightly different because interest is rolled up to the end of the term. I don't like the sm on ABL. Surely if you buy into a loan you should be prepared to hold to term if need be.
I agree that we shouldn't really lose interest for something on sale though as we still hold the liability. problem then is that nothing to stop people buying huge chunks then listing immediately on SM and recycling ad nauseam, no?
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r1200gs
Member of DD Central
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Post by r1200gs on May 29, 2017 10:04:52 GMT
FS is slightly different because interest is rolled up to the end of the term. I don't like the sm on ABL. Surely if you buy into a loan you should be prepared to hold to term if need be.
I agree that we shouldn't really lose interest for something on sale though as we still hold the liability. problem then is that nothing to stop people buying huge chunks then listing immediately on SM and recycling ad nauseam, no? For sure, the SM would be ENORMOUS if people could simply collect interest while waiting for a sale, but on the other hand it seems wrong that we would not receive the interest due as we still take the risk. I'll sit on the fence then..... 
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jonah
Member of DD Central
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Post by jonah on May 29, 2017 10:50:21 GMT
I agree that we shouldn't really lose interest for something on sale though as we still hold the liability. problem then is that nothing to stop people buying huge chunks then listing immediately on SM and recycling ad nauseam, no? MT's SM works that way, but until the last week or so (if only there was a way to track things like this....  ) hasn't had persistent availability beyond a few days after a loan launch for quite some time. That said, currently MT, COL, L, AC all have significant loan quantities on offer, so it is a buyers market!
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Post by lendinglawyer on May 29, 2017 12:26:46 GMT
Just about the only thing we can predict about any SM is that there is no state that works for all at all times, so there will always be gripes. Sometimes you gotta wait it out I'm afraid. This is one of those times on most platforms!
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Post by GSV3MIaC on May 29, 2017 15:38:27 GMT
Actually the largest SMs in the world (the stock markets) work just fine .. but they feature infinitely adjustable pricing. Never yet been unable to buy or sell what I wanted, although sometimes I choke at the price.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
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Post by skippyonspeed on Jun 8, 2017 15:01:13 GMT
Good news my three loan parts have started to accelerate one might be sold in the next four days, the other two are down from several months to three or four weeks by my estimations!
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Post by charliebrown on Jun 8, 2017 16:36:57 GMT
I'm currently trying to get rid of The Chalet but it's about as popular as a fart in a spacesuit.
under the current system where listing a loan for sale means you can lose weeks worth of interest I hope Lendy adds that to the PF rather than takes it as additional platform profits. Something tells me that's wishful thinking.
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skippyonspeed
Some people think I'm a little bit crazy, but I know my mind's not hazy
Posts: 787
Likes: 424
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Post by skippyonspeed on Jun 8, 2017 17:08:05 GMT
I'm currently trying to get rid of The Chalet but it's about as popular as a fart in a spacesuit. under the current system where listing a loan for sale means you can lose weeks worth of interest I hope Lendy adds that to the PF rather than takes it as additional platform profits. Something tells me that's wishful thinking. The pigs have just taken off!!
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GeorgeT
Member of DD Central
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Post by GeorgeT on Jun 8, 2017 17:31:12 GMT
I'm currently trying to get rid of The Chalet but it's about as popular as a fart in a spacesuit. under the current system where listing a loan for sale means you can lose weeks worth of interest I hope Lendy adds that to the PF rather than takes it as additional platform profits. Something tells me that's wishful thinking. It's simply a case that it's too big a loan so I guess will take a little while to sell. On the plus side it's 12% and 200+ days. A bit below the high desirability threshold in terms of days left. I'd expect you to be able to sell out in about 1 month. The Riviera (same borrower, some of the same issues) sells on the SM in 2 to 3 days, because it is a much smaller loan. I sold out of the Riviera in the last week and was quite surprised how quickly my parts were snapped up.
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twoheads
Member of DD Central
Programming
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Post by twoheads on Jun 12, 2017 7:18:59 GMT
At the time of writing, all except seven loans are available on the SM (exceptions are DFLs 18, 26 & 28 and PBLs 98, 139, 181 & 190).
£8M available for those with the courage to invest at this time!
EDIT: This week we will reach 19 loans in default. After that we will have no more defaults for over seven weeks... hopefully that will give Lendy some time to clear a few of them.
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seeingred
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Post by seeingred on Jun 12, 2017 12:11:01 GMT
After that we will have no more defaults for over seven weeks... Time to break out the champagne at Lendy Towers then?
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chunkie
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Post by chunkie on Jun 12, 2017 13:31:17 GMT
Looks like the defaults will reach GBP 23 million this week.
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Post by p2plender on Jun 13, 2017 2:53:06 GMT
pbl143 being touted as potential sale and early repayment again. This being a £7 mill loan may wake the sm up a little..
I've decided I'm buying nothing more until Lendy show me some repayments, expect many thinking the same.
If they carry on flooding the pipeline then in the words of the great Sir Alan, ............
Simples.
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) hasn't had persistent availability beyond a few days after a loan launch for quite some time.
