blender
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Post by blender on Aug 30, 2017 14:58:00 GMT
Wow! I stand corrected and have deleted previous post.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
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Post by andyp on Aug 30, 2017 17:17:04 GMT
Watch out for replacement loans coming soon.
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rogerthat
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Post by rogerthat on Aug 30, 2017 18:53:23 GMT
Any guesses regarding the %age....15%..20%...25% ?..id rather chomp a polonium pie  |
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damar
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Post by damar on Aug 31, 2017 8:35:49 GMT
Watch out for replacement loans coming soon. Brilliant news, these are my last loans in FC, so if these get paid off, I will be totally out ....
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ptr120
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Post by ptr120 on Aug 31, 2017 10:32:50 GMT
New tranche now listed. A+ @8%. No mention in the loan listing or IR of the past history of this series of loans.
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andyp
Stubborn Yorkshireman from the rhubarb triangle
Posts: 150
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Post by andyp on Aug 31, 2017 10:34:55 GMT
The first tranche of the relisting is now available (41970) for anyone wishing to reward this delinquent borrower with rate of 8%. I won't be bothering myself.
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blender
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Post by blender on Aug 31, 2017 10:58:25 GMT
I was hoping to have a chunk of this as my last fling with FC. Previous 10% A loans, many months late, replaced by 8% A+ loans. A reward for bad behaviour? LTV has gone down from 71% to 63%, which helps with the rate. It just shows that the term was never taken seriously. No thanks.
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rogerthat
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Post by rogerthat on Aug 31, 2017 11:06:31 GMT
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jayjay
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Post by jayjay on Aug 31, 2017 11:08:37 GMT
I am happy to throw an investment into this in an account which I intend to close at Christmas. The risk in this instance is not in the borrower but in the whole 'new' SM on FC. At 7% and no sale fee it seems good to me.
We still have the power to select individual loans before 18 Sept and after 18 Sep we can selectively sell by grouping loans into accounts earmarked for 100% sell down.
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rogerthat
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Post by rogerthat on Aug 31, 2017 11:27:55 GMT
The first tranche of the relisting is now available (41970) for anyone wishing to reward this delinquent borrower with rate of 8%. I won't be bothering myself. Of course they have in reality and off the back of their "performance" received a 4% discount as a 'reward'...I wouldn't touch this with Voyager 1 let alone a barge pole p.s. good luck to those asking pertinent questions
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number5
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Post by number5 on Aug 31, 2017 11:31:39 GMT
I'm with jayjay...although I plan to sell out 100% in 8-10 months time.
Surely the buggest risk...like all property loans, is holding to termm?
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rogerthat
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Post by rogerthat on Aug 31, 2017 11:33:50 GMT
I'm with jayjay...although I plan to sell out 100% in 8-10 months time. Surely the buggest risk...like all property loans, is holding to termm? And you'll be alone in adopting that strategy right ?
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number5
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Post by number5 on Aug 31, 2017 11:38:10 GMT
Of course not, but imagine the amount of new lenders signed up to the site/non holders in that period. It will be enough to clear out my holding on autobid by then?
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rogerthat
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Post by rogerthat on Aug 31, 2017 11:48:58 GMT
They are 200+ days late on paying back me my money..im sure a lot of work has gone on in the backround to refinance this project..but when someone lets me down to this extent and then gets 'rewarded' with a loan 30% + cheaper, once bitten twice shy springs to mind.
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number5
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Post by number5 on Aug 31, 2017 11:52:17 GMT
They are 200+ days late on paying back me my money..im sure a lot of work has gone on in the backround to refinance this project..but when someone lets me down to this extent and then gets 'rewarded' with a loan 30% + cheaper, once bitten twice shy springs to mind. I am a bit annoyed about that as well...I was hoping for at least a juicy 10%!!!
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