blender
Member of DD Central
Posts: 5,719
Likes: 4,272
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Post by blender on Nov 7, 2014 16:08:37 GMT
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Post by GSV3MIaC on Nov 7, 2014 17:33:44 GMT
Since about 11am actually. I would post the error logs, but the forum probably doesn't have enough storage. 8>.
We have timeouts, 404s, 500s and 502s, not counting the damn lies about bids (documentary evidence of it offering me the option to bid at rates which are already dropping out).
Either we have a lot of new arrivals, or someone has changed something for the worse.
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Post by jackpease on Nov 8, 2014 6:31:25 GMT
Yeh grindingly slow for me yesterday and the usual overnight interest run has yet to happen....
JP
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Post by jackpease on Nov 9, 2014 7:12:17 GMT
Overnight interest run not done second night running
J
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Post by GSV3MIaC on Nov 9, 2014 7:35:35 GMT
Maybe they're doing something major, like trying to fix the reconciliation errors for everyone? However, as usual, they're not telling us what is going on, which would be worth many brownie points. Can't be the abacus sticking again, they did tell us they got a new bone (several times).
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Post by loanstar on Nov 9, 2014 9:15:20 GMT
If we cannot see money coming out, I wonder if borrowers fail to see payments being made when the site fails like this?
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Post by GSV3MIaC on Nov 9, 2014 9:27:25 GMT
I'm confident that the DDs were collected long ago, it's just the distribution from FC to lenders which is stalled.
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Post by davee39 on Nov 9, 2014 10:10:40 GMT
They probably work 8 x 5.
IT does not appear to do weekends
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Post by jackpease on Nov 9, 2014 11:15:00 GMT
I haven't seen much movement in parts up for sale either so wonder whether that's affected.
JP
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oldgrumpy
Member of DD Central
Posts: 5,087 
Likes: 3,233
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Post by oldgrumpy on Nov 9, 2014 11:58:36 GMT
I sold three oldish B parts at par since yesterday pm, not much, but all my sale stuff is below MBR.
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Post by moto on Nov 9, 2014 12:03:33 GMT
If this is unscheduled and unplanned then some poor IT bod will not be having a good weekend.
With the outage longer than a day the issues may be compounded by re-running processes designed to run daily.
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min
Member of DD Central
Posts: 615
Likes: 182
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Post by min on Nov 9, 2014 12:25:51 GMT
One consequence is that available funds to reinvest are not increasing daily so there isn't the cash to buy on the SM. Even auto bid won't be buying unless lenders putting in new money. It also means that if it doesn't run tonight there will be a shortage of funds to chase down rates tomorrow so borrowers will get a higher rate.
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Post by davee39 on Nov 9, 2014 13:02:03 GMT
The 1% cash-back deal has increased the numbers of parts on offer at par, and at fairly decent rates. Some of these are now at a discount. These are getting 'stuck' like the glut of property on the SM. Unexpectedly (to me at least) the volume of new loans is holding at a higher level which is also reducing liquidity - oh and we are approaching Christmas.
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Post by pepperpot on Nov 9, 2014 13:41:26 GMT
The last 1% offer was about 2 weeks before easter, which worked to throttle supply and restore a more manageable supply demand ratio. Are FC going to keep this offer in place till Christmas as that is the only natural break coming up? If so it's going to be expensive for FC + current borrowers, and anyone wishing to sell is in for an increasingly tough time.
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Post by jackpease on Nov 9, 2014 13:44:56 GMT
If this is unscheduled and unplanned then some poor IT bod will not be having a good weekend. With the outage longer than a day the issues may be compounded by re-running processes designed to run daily. You are assuming that FC consider a broken website is something they should bother with at the weekend - if they can't be bothered to send a holding email to lenders asking for our patience i doubt very much that they've got anyone working on it outside of office hours JP
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