Quote Originally Posted by BJ1 View Post
I've compared every new loan I've seen over the past 4 weeks with my longstanding investment criteria and conclude that either the quality of applications has dived in that period or Harmoney has applied amended selection criteria resulting in the better risk loans in all gradings being offered to investors other than us. Whichever it is, if this continues, then I expect to see retail investor defaults escalating.
Its slim pickings. Over the last few months theres been 60 loans a week. Unless that picks up, the 3000+ loan club will need to invest in every single loan to maintain numbers.

Have also noticed that autolend seems to be kicking in at the 65% level since late last week, haven't seen an announcement though.