vmail
Open image in a new tab.
Posts: 457 
Likes: 217
|
Post by vmail on May 12, 2017 9:10:20 GMT
Lots of info in there for the moaners
|
|
r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
|
Post by r1200gs on May 12, 2017 9:34:36 GMT
Lots of info in there for the moaners Stop moaning.
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on May 12, 2017 9:41:21 GMT
Lots of info in there for the moaners Stop moaning. Not sure about Moaners, I'd have thought "Astute Investors." 
|
|
elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
|
Post by elliotn on May 12, 2017 9:44:38 GMT
Timing is everything in lending.
Right in the middle of Fri avo beers.
What a high class email👌🏿.
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on May 12, 2017 10:40:45 GMT
Not sure about Moaners, I'd have thought "Astute Investors." You know what they say about fools and their money. 
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on May 12, 2017 10:45:53 GMT
Sure do, and I've certainly been a Fool once or twice in my investing "career" - Cest La Vie!!!!  |
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on May 15, 2017 14:14:33 GMT
I wonder if Paul64 or anyone else at savingstream could explain how the percentage of the live loan book that was in DEF status -- as shown in the 'doughnut' chart -- was calculated. When I look at the lists of loans, I see a total of £10.8M of DEF loans, compared to a total of £170.4M of non-DEF loans. That looks to me like the DEF loans are 6.0% (=10.8/(10.8+170.4)) of the live loan book, and that is nearly double the 3.4% shown in the Lendy email. What am I doing wrong? |
|
GeorgeT
Member of DD Central
Posts: 1,322
Likes: 1,576
|
Post by GeorgeT on May 15, 2017 14:22:20 GMT
I wonder if Paul64 or anyone else at savingstream could explain how the percentage of the live loan book that was in DEF status -- as shown in the 'doughnut' chart -- was calculated. When I look at the lists of loans, I see a total of £10.8M of DEF loans, compared to a total of £170.4M of non-DEF loans. That looks to me like the DEF loans are 6.0% (=10.8/(10.8+170.4)) of the live loan book, and that is nearly double the 3.4% shown in the Lendy email. What am I doing wrong? I've come up with a 3rd figure: Total live loans = £170.235m + £10.756m in default = £181.121m Total Loans (Non defaulted + Defaulted) ( £10.756m/£181.121m ) x 100 = 5.94% defaulted ?
|
|
|
|
Post by lendinglawyer on May 15, 2017 14:25:33 GMT
I wonder if Paul64 or anyone else at savingstream could explain how the percentage of the live loan book that was in DEF status -- as shown in the 'doughnut' chart -- was calculated. When I look at the lists of loans, I see a total of £10.8M of DEF loans, compared to a total of £170.4M of non-DEF loans. That looks to me like the DEF loans are 6.0% (=10.8/(10.8+170.4)) of the live loan book, and that is nearly double the 3.4% shown in the Lendy email. What am I doing wrong? I think they have taken into account all of the repayments (128.3) in the denominator...
|
|
Liz
Member of DD Central
Posts: 2,426
Likes: 1,297
|
Post by Liz on May 15, 2017 16:05:49 GMT
I wonder if Paul64 or anyone else at savingstream could explain how the percentage of the live loan book that was in DEF status -- as shown in the 'doughnut' chart -- was calculated. When I look at the lists of loans, I see a total of £10.8M of DEF loans, compared to a total of £170.4M of non-DEF loans. That looks to me like the DEF loans are 6.0% (=10.8/(10.8+170.4)) of the live loan book, and that is nearly double the 3.4% shown in the Lendy email. What am I doing wrong? I've come up with a 3rd figure: Total live loans = £170.235m + £10.756m in default = £181.121m Total Loans (Non defaulted + Defaulted) ( £10.756m/£181.121m ) x 100 = 5.94% defaulted ? I'm with GeorgeT, the figure should be 5.94%
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on May 15, 2017 16:42:57 GMT
Oh Dear ............................
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
|
Post by ilmoro on May 15, 2017 17:56:23 GMT
I wonder if Paul64 or anyone else at savingstream could explain how the percentage of the live loan book that was in DEF status -- as shown in the 'doughnut' chart -- was calculated. When I look at the lists of loans, I see a total of £10.8M of DEF loans, compared to a total of £170.4M of non-DEF loans. That looks to me like the DEF loans are 6.0% (=10.8/(10.8+170.4)) of the live loan book, and that is nearly double the 3.4% shown in the Lendy email. What am I doing wrong? Tagging Paul when hes on holiday and said not to :-D
|
|
vmail
Open image in a new tab.
Posts: 457
Likes: 217
|
Post by vmail on May 15, 2017 18:43:15 GMT
The figures are not wrong, its called marketing
|
|
|
|
Post by WestonKevTMP on May 15, 2017 18:46:23 GMT
I think they have taken into account all of the repayments (128.3) in the denominator... Actually, Lendy have used the more normal method. Defaults as a percentage of total lent (i.e. outstanding plus capital repaid). However if using this "loan amount defaulted" method you would usually then forecast what it will end up at once the remaining non-default outstanding balances have also been paid. Presuming a consistent run-rate, this would result in the current default rate of 3.6% turning into 5.7%. This ignores current arrears loans not yet defaulted, which would obviously worsen the picture. Another more typical way is to simply calculate the bad rate by the ratio of defaults to monies paid back, as an indicator of the final default rate. Think cash not repaid t o what was expected to be repaid. This give a more worrying 8.4%, again ignoring the current loans in negative days. However, in secured lending this Probability of Default, is only half the story. Everything depends on the recovery rate post default. Known as the Loss Given Default ("LGD"). In unsecured lending this LGD is ~75% depending on product, i.e. you lose most of your money post default. But for normal secured lending like mortgages this is usually sub 10% LGD. It can even be 0% losses in a rising market, unless you're called Northern Rock.... So for Lendy they to date have a 0% LGD, as they recovered cash from security, and monies from other places (back of sofa?) to repay lenders. So the Lendy LGD in the future is the missing factor, and that will all depend on the quality of security and legalities.... Kevin.
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on May 16, 2017 3:02:00 GMT
I'm with GeorgeT , the figure should be 5.94% I'll accept 5.94%. The difference between that and the 6.0% I came up with was mainly due to rounding. I used numbers rounded to the nearest £0.1M, and my end result was 5.96%, which I rounded to 6.0%. I think they have taken into account all of the repayments (128.3) in the denominator... : That could explain why their number is so much smaller than mine, but I'm still confused. Firstly, I thought that was the difference between the two doughnut charts -- the one on the left related to the live loan book excluding repaid loans, and the one on the right included repaid loans. Secondly, the inclusion/exclusion of repayments should affect only the denominator of the calculation. I would have expected the numerators to be the same for both charts, so the relative sizes of the various segments (DEF/IA/SBL) would be the same. But that's not the case. On the left chart, the DEF segment is about half the size of either the IA segment or the SBL segment. On the right chart, the DEF segment is about the same size as the IA segment and more than twice the size of the SBL segment. How can that be?
|
|
