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Post by coolrunning on Nov 20, 2016 18:59:50 GMT
In Bondora's new blog:
Statistics reports: Track the performance of your defaulted loans
all the annual recoveries are between 55% and 62%
Mine are :
2014 1%
2015 13%
2016 4%
How are yours?
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Post by oktaeder on Nov 20, 2016 20:17:16 GMT
In bondora's calculation - repayments done / planned principal:
2013: 68%
2014: 32%
2015: 38%
2016: 79%
"classic" calculation - recovery / EAD1
13: 22%
14: 14%
15: 15%
16: 7.5%
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james
Posts: 2,205
Likes: 955
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Post by james on Nov 21, 2016 4:52:03 GMT
On the Bondora statistics screen mine are:
2013: 17%
2014: 31%
2015: 53%
2016: 27%
All loans are to Estonian borrowers and my last new lending was done in December 2014. Most loans had five year durations.
While writing, here's how I compare to other investors with >€10,000 invested:
36 months: 50th 20-25% return by Bondora's calculation method
24 months: 75th
12 months: 93rd
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Post by Butch Cassidy on Nov 21, 2016 16:02:29 GMT
On the Bondora statistics screen mine are:
2013: 96%
2014: 5%
2015: 2%
2016: 34%
here's how I compare to other investors with >€10,000 invested:
Overall - 64th - 25%+ return by Bondora's calculation method
24 months: 29th
12 months: 42nd 6 months: 57th
2013 return would have been swayed by buying VERY SELECTIVELY CHOSEN & heavily discounted overdue/defaulted loans via SM; 2014/5 would seem much more akin to my experience, I always predicted single figure recoveries & would sell defaults via SM at large discounts as a preference, when buyers could be found.
I am dubious about the 2016 rate as well, I suspect that it is inflated by the artificial creation of defaults, that were in truth just late payers, who would regularly pay a few weeks late & Bondora chose to default & thus divert approx. 25% of my income from these to pay for unnecessary DCA's, coincidentally boosting their recovery figures at the same time. I wouldn't trust their figures ever, in fact if they told me the sun was shining I would open the curtains to check.
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Post by coolrunning on Jan 17, 2017 9:01:57 GMT
In Bondora's new blog: Statistics reports: Track the performance of your defaulted loansall the annual recoveries are between 55% and 62% Mine are : 2014 1% 2015 13% 2016 4% How are yours? For some reason I have always had low recovery rates. (I should note that I have no idea how Bondora calculates these) But a trend I understand. One might hope that as time passes, recovery rates (especially those very low) might improve. Today, grouped by year, mine are : 2014 1% 2015 12% 2016 4% How is your trend?
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kulerucket
Member of DD Central
Posts: 336 
Likes: 93
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Post by kulerucket on Jan 17, 2017 14:55:39 GMT
Its not clear to me what these figures actually mean. Can someone explain? Is it the total amount of recovered at time of today for the loans that defaulted in that year. Or is the amount of defaulted money recovered within that year for all loans that were defaulted at that time.
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Post by coolrunning on Jan 18, 2017 8:22:22 GMT
Its not clear to me what these figures actually mean. Can someone explain? Is it the total amount of recovered at time of today for the loans that defaulted in that year. Or is the amount of defaulted money recovered within that year for all loans that were defaulted at that time. Luke Sorry, I do not have the slightest idea. AFAIK, Bondora have never explained. I can imagine that the customer support staff doing the PR have no idea either.
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kulerucket
Member of DD Central
Posts: 336
Likes: 93
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Post by kulerucket on Jan 18, 2017 8:48:04 GMT
LOL. That's an answer I didn't expect. I thought it was just me not reading the information properly.
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Post by rahafoorum on Jan 18, 2017 12:44:22 GMT
They do not usually provide much information about their "methodology" and the info they do share, you often need to be an expert in bondorian to decypher any sort of meaning from it.
My guess would be that they use similar logic as in their monthly blog posts:
- defaulted - only the amount of principal according to the original (now terminated) schedule - as in €100 average loan that defaults, would have roughly €2 and some cents in this field
- recovered - any recoveries that they get
Formula would be:
recovered principal / defaulted principal = recovered principal
In short, if a €100 defaults, then recovers by €10 the next day, you'd have:
€10 / €2.5 = 400% principal recovered
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