I've been in 12 months. 3.21% of my active portfolio is in Arrears
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I've been in 12 months. 3.21% of my active portfolio is in Arrears
I've been in 27 months. The outstanding principal of loans recorded by Harmoney as in arrears is 2.4% of total outstanding - it hasn't really altered in 12 months. BUT, of more concern is that I have 3 (out of 175) loans which are well overdue for a payment and they are not showing as in arrears. I had a write off this month on a loan which had not made a payment since the February payment was due and it never appeared in the arrears list. I suggest you aren't seeing everything you should. Easy enough to check by spreadsheet comparison of payments made against payments expected.
I got triple the % you have (7.7% compared to 2.4%) and you recon I still might have stuff thats not showing up? - ie loans that are in arrears but are not flagged as being so..
And I go by the spreadsheet download, its basically a sumif on outstanding loan value by "arrears" type divided by total principle outstanding.
To further clarify, arrears in total is only $271, but the value of the loans that that represents (principle outstanding) is $7k. When my overall outstanding is $91k, then thats 7.7% so its a worry
I have roughly equal weighting of A to D and have built up a portfolio since March 2015. As it stands 4.4% of loans are in arrears and 0.2% in Hardship. Often new loans go into arrears for the first payment and also there are those loans in arrears but with very little owing.
I have about 6000 loans and in for about 24+months. Arrears is currently 7.18% (total principal at risk vs total amount o/s). Mine was higher risk including E and F. RAR still above 14%. Would be better going with RMJH's risk spread.
Hi Alistar
just realised that there are quite a few loans in my list that are classified as "Arrears" but have "Amounts in Arrears" = 0. These total 24 out of the 261 loans in arrears. My previous percentage above do not take these into account. That 7.18% was based on the spreadsheet adding the principal outstanding only if the value in "Amounts in Arrears" is not equal to 0. So, if I add the "Outstanding Principals" of these zero value Arrears, my principal at risk is higher at 7.84%.
To complicate it further, I realised that out of my 3500+ current loans, 74 have days overdue on them, eventhough the "Amounts in Arrears" are also 0. If I add the outstanding principals of these, my total principal at risk goes up to 9.82%.:scared:.
But as I am already in for 24 months, it is the actuals that matters and the amount written off are just about 20% of gross interest at the moment.
Anyone else having problems signing in? I am using Chrome.
Still not working for me
Attachment 9004
I can get in using Firefox on my laptop and Safari on my iPhone but not with Safari on my laptop.
I've been in for 16 months. 3.7% of my outstanding principal is in arrears status, disregarding loans 0 days in arrears. That's 5.6% of the active individual loans. If you subtract the interest already earned (minus fees) on those loans, that goes down to 3.37% as "vulnerable". My spread is pretty flat A-D, then half that at E, no Fs.
[QUOTE=Cool Bear;But as I am already in for 24 months, it is the actuals that matters and the amount written off are just about 20% of gross interest at the moment.[/QUOTE]If you had invested everything on day one in a basket of loans averaging out at, say, C1 (about the middle of the platform exposures) you could expect to lose a lot less than 10%pa of your total interest. Perhaps your risk profile is to the high end but it seems to me more that you are experiencing a higher loss rate than Harmoney predicts.
After 27months I've lost $668 of my total interest of $18,329. My RAR is 13.41% so even with your higher losses you are making a better net return than I am. The difference being that I keep my higher return exposure under tight rein because I dislike the high rates borrowers pay.
Perhaps too many investors (and I'm not suggesting this applies to you) look at their losses instead of their net return? Also, it seems too many look at RAR instead of projecting forward.