Mine is a little lower now then it was at some points over xmas new year. But higher then it was before Xmas.
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The rewrites are getting earlier 1 Month !?!?!
Attachment 7802
I reckon that the RAR should be updated daily.
It's all computerised; once you have a formula it should be updating real-time along with account balances etc.
Imagine if the NZX50 had all the share prices updating daily but they only published the index once a month.. Ridiculous:ohmy:
Just to nit-pick, presumably the investors only have a contractual obligation with Harmoney... and Harmoney credits the investor according to the contract it has with the investor.
The Grade of loan you invest in my determine your level of Christmas period arrears...do you invest in low grade loans?
Hi Humvee,
Interesting data presented on that loan, the Harmoney monthly repayment the person is looking to make is 20% of their monthly income. That alone woudl stop me investing!. I wonder how long before their next rewrite? The cynic in me may ask 'Does Harmoney get the borrower to quickly sign up, at the same time as saying. don't worry we will upgrade your loan immediatley after it is finalized".....
I've got 2 arrears and both are B rated. So much for more risk with the lower grades eh lolQuote:
a little less interest for hopefully a little better reliability of investor! Of course this does not always pay dividends ( or my Harmoney capital & interest back!!
At least they are not charge-offs atm!
I see on https://www.harmoney.co.nz/investors...ace-statistics that Harmoney are reporting that actual defaults for every grade of loan are less than those it was forecasting.