Any difference between SS 'negative day' and MT 'extend'?

bababill
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Any difference between SS 'negative day' and MT 'extend'? Mar 8, 2017 6:36:35 GMT jackpease and GSV3MIaC like this

Quote

Post by bababill on Mar 8, 2017 6:36:35 GMT

Mar 7, 2017 20:16:53 GMT GSV3MIaC said:

When MT extend them, they are (as far as we know) still getting monthly interest payments from the borrower.....

Actually this is not the case.

"Depending on the LTV, the security, the term, the asset type and borrower profile we may a) deduct some/all interest at drawdown, b) interest serviced monthly or c) payable at loan term (i.e. rolled-up). Admittedly the latter is least common. Regards, Ed."

p2pindependentforum.com/thread/6394/when-interest-paid-borrower

GSV3MIaC Moderator Posts: 5,699 Likes: 3,337	Any difference between SS 'negative day' and MT 'extend'? Mar 8, 2017 7:48:09 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by GSV3MIaC on Mar 8, 2017 7:48:09 GMT Thanks, I had missed that. I wonder if MoneyThing would like to tell us which loans or borrowers are serviced each way?
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archie Posts: 1,866 Likes: 1,861	Any difference between SS 'negative day' and MT 'extend'? Mar 8, 2017 8:02:01 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by archie on Mar 8, 2017 8:02:01 GMT Mar 8, 2017 7:48:09 GMT GSV3MIaC said: Thanks, I had missed that. I wonder if MoneyThing would like to tell us which loans or borrowers are serviced each way? Further down the linked thread it tells you.
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Any difference between SS 'negative day' and MT 'extend'?

Post by bababill on Mar 8, 2017 6:36:35 GMT

Post by GSV3MIaC on Mar 8, 2017 7:48:09 GMT

Post by archie on Mar 8, 2017 8:02:01 GMT