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yeah, nah
Loans Paid Off
Another graph...trying to get a feel for loan pay offs:
Loans Paid Off.png
Blue: Number of loans (held in month)
- shows my initial ~3 month 'buy in' period
- followed by slow increase due to reinvestment of interest over time
- more recent slight decrease as I purchase more notes per loan (so number of loans decreasing)
Orange: Loans paid off (in month)
- appears to lag number of loans by around 6 months (i.e. significant loans paid off at ~6 months)
- first, large peak - most likely due to the interest rate adjustment in Aug/17 that saw a huge fall in rates (so wise borrowers rewriting loans)
- second, smaller peak, not sure, (i) an 'echo' 6 months on from the first peak or (ii) a post Christmas anomaly? (probably an 'echo')
Notes:
- I'll continue to purchase more notes per loan, which should see the overall loan number drop, and 'workload' (reinvesting rewrites) reduce.
- A general view of paid off loans, for me, appears to be a pay off rate of around 5-6% of loans per month, so 60-70% of loans rewritten each year.
- Difficult to see the trend, but I'm not liking the slow rise toward the end
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