Post by flobberchops on Feb 11, 2017 11:12:37 GMT
A quick one from me.
ReBS loan parts are allocated on a bid system, correct? What I don't get is why some users consistently undercut the going rate by five, ten, or even more percentage points? Surely there's virtually no chance of being outbid at even three points below average, so why would somebody be satisfied with getting, say, 7% when they could just as easily be receiving 17%?
Is there some benefit I'm not aware of, such as a preferential place in the pecking order if a loan defaults, or something like that?
ReBS loan parts are allocated on a bid system, correct? What I don't get is why some users consistently undercut the going rate by five, ten, or even more percentage points? Surely there's virtually no chance of being outbid at even three points below average, so why would somebody be satisfied with getting, say, 7% when they could just as easily be receiving 17%?
Is there some benefit I'm not aware of, such as a preferential place in the pecking order if a loan defaults, or something like that?
