TitoPuente
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Post by TitoPuente on Oct 13, 2015 10:50:27 GMT
Just sold my last part of Hammersmith 3 (11534) which was a seven-percenter-two-CB. It took seven months to churn. Still, the return was ~11% minus the fee. Not that bad, but not to do it again.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Oct 12, 2015 17:44:07 GMT
New D going fast.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Oct 12, 2015 16:58:23 GMT
1% CB appears to have been added to the 3 big loans ending tomorrow afternoon Anyone know if those who'd already bid get the cashback? Yes, they do.
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TitoPuente
Member of DD Central
Posts: 624
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Post by TitoPuente on Oct 12, 2015 16:56:09 GMT
I am expecting the announcement that from now on all loans are going to be A and A+ randomly. All other categories have proven to be superfluous and a total distraction for lenders and ping-pongers.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Oct 12, 2015 12:19:44 GMT
I believe that this will scare investors inside and outside Sweden.
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TitoPuente
Member of DD Central
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Likes: 655
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Post by TitoPuente on Oct 9, 2015 11:46:34 GMT
I am absolutely not interested in the new fixed rates for A+ to C for unsecured loans (and was never convinced by the 7-10% less fees for property).
I am prepared to consider Ds and Es with a short holding strategy. However, I am unable to compete with the bots and alike. Hence, I am now being forced to withdrawing my growing idle cash and looking elsewhere.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Sept 30, 2015 15:08:31 GMT
14208 came back after 5 days late on the second payment. There is still hope.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Sept 29, 2015 13:51:35 GMT
16105 The flippers are very hungry The question is: Will it flip?
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Sept 29, 2015 11:47:29 GMT
p.s. Did anyone figure out what the deal was on 16028, which mysteriously collected 18.1% bids after closing at MBR of 18.2% ?? It was autobodge that got off the leash yesterday.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Sept 28, 2015 13:46:04 GMT
16028 closed last Thursday 24th at MBR 18.2%.... and reopened early this morning with a 18.1% band, and has bids placed at 14.29 today. What's going on? Am I missing something? I think what happened here is that the loan was found to be ineligible for the 10% from the British Business Bank Programme and so needed to re-open to fill up that missing funding. Very strange behaviour, but that's the only explanation I can come up with. But my bids that where in at 18.2% last week were rejected today by other bids at 18.1%
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Sept 28, 2015 13:35:30 GMT
Ah, another one .. 16028 (E) now has 20% of bids in (BBB?) at less than the previous MBR!! ... but will that be enough of a reduction to get them to accept?! 16028 closed last Thursday 24th at MBR 18.2%.... and reopened early this morning with a 18.1% band, and has bids placed at 14.29 today. What's going on? Am I missing something?
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Sept 25, 2015 12:22:11 GMT
14208 came back to life from late on the second payment. It's now gone from my portfolio. I feel bad for the buyer, but I also learnt the hard way at some point.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Funding Circle (FC)
SM rates
Sept 24, 2015 8:48:22 GMT
Post by TitoPuente on Sept 24, 2015 8:48:22 GMT
During last week, I have sold off the majority of my older loans with > 24 months o/s at par or a tiny premium where the interest rate is less than the fixed rate that will be allocated to a loan of that risk/length next week. I am aware that autobid will pick some of these up, but it seems illogical to buy loans at lower interest rate than one will get the same quality loan next week. Am I missing something? Irrational exuberance?
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Sept 23, 2015 10:35:05 GMT
14208 is in the same situation. Time to readjust holding periods.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Sept 22, 2015 10:43:39 GMT
It's 100% filled. That can hardly be considered struggling. It is officially an A+ so any active investor that achieves any rate 8.3% or higher will in theory be able to offload after the first few payments, even before the first one. The reason why it went from C to A+ is obscure and inconsistent, but that's FC. On the positive side, it has a rather long history of repayments.
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