Rob
Posts: 138
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Post by Rob on Aug 28, 2017 20:50:34 GMT
I thought that Payment Guarantee loans would run until maturity, even if they defaulted. But Twino is now buying back defaulted PG loans so that they can sell them e.g., loan number 04-680924002. You mean buying back and selling on primary market again? defaulted loans? Maybe Twino just have excess liquidity and they use it for buybacks. Or they sell new lower interest rate loans to investors and use the money to buyback higher interest rate defaults. No, they are selling defaulted PG loans to a debt collection company or other organisation after buying them back from investors.
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