Harmoney

[TazzieDave]

Look at the extra employment information this site is showing that is not shown on the official harmoney dashboard
http://www.mortgagerates.co.nz/p2p-loans.html

Good find humvee. I've subscribed to the RSS feed http://www.mortgagerates.co.nz/feeds...er-lending.xml - I'm hoping it's real time.

[Puggy]

They must have written of a lot of loans on Wednesday 20th. I had 4 loans written off the last 6 months and 4 loans written off on Wednesday.

Maybe I'm an extreme case, but my RAR with Harmoney is currently -83.06%. Put in $500 initially just to test the water, put $100 each into a D1, E2, 2xE3, and an E4. One E3 was written off with no payments at all, one E3 was paid off as a rewrite, and the E2 and E4 were written off after only around $10 each paid. At the moment only the D1 is rolling along, but I don't hold out much hope for that one.

Harmoney at the moment is giving me the same feeling I get when playing blackjack at the casino and the dealer keeps hitting 21... The odds are what they are, but I'm not putting any more money into it.

[winner69]

Maybe I'm an extreme case, but my RAR with Harmoney is currently -83.06%. Put in $500 initially just to test the water, put $100 each into a D1, E2, 2xE3, and an E4. One E3 was written off with no payments at all, one E3 was paid off as a rewrite, and the E2 and E4 were written off after only around $10 each paid. At the moment only the D1 is rolling along, but I don't hold out much hope for that one.

Harmoney at the moment is giving me the same feeling I get when playing blackjack at the casino and the dealer keeps hitting 21... The odds are what they are, but I'm not putting any more money into it.

Not good mate is it

I hope Heartland are doing better than this with the millions they have put through the Harmoney platform

[Halebop]

Maybe I'm an extreme case, but my RAR with Harmoney is currently -83.06%.

According to the most recent RAR distribution on the Harmoney Statistics page, your results are an extreme case - the bottom most dot on their graph!

As I was investigating Harmoney, my first $12,000 was invested on the basis of $25 per loan, in order to give me a chance of replicating something like their expected return distribution. With just 5 loans, performance comes down to luck and unfortunately you've had the bad rather than good kind.

Like others, have experienced a bump in write-offs in the last few days although still within an acceptable and expected tolerance. Suspect Harmoney still have some back-office issues, this is the 2nd "batch" of write-offs I've experienced. I hope they smooth this process out to provide a better understanding of performance.

Individual-RAR.jpg

[Harvey Specter]

RAR was updated on 22 or 23rd from the looks of it after the last round of write-offs. Mine has dipped below 15% which is disappointed as per their statistics, it should be up nearer 20% so my writeoffs seem to be impacting heavier than expected. Though not nearly as bad as Puggy - proof that diversification does pay. My return suggests i am invested in B loans (per Harmoney statistics) but I am predominately in D,E and F's. I might be a bit confussed with this though as I think the default rate is an annual thing so to the extent it defaults in the first year, your predicted return isn't as simple as interest rate less estimated default rate???

I would ultimately like to see it drift back up above 15%.

[777]

I read somewhere over the weekend that the 1.25% charge is soon to increase.

[humvee]

Im scratching my head a little as to how to explain the difference in the FAR vs the RAR figures -

My Current FAR figure(from old dashboard) is 25.80% My RAR is 18.35% Now I realize that we are talking Forcast VS actual Return but given that harmoney say

"This chart illustrates that the loss rates actually being experienced are significantly lower than the loss rates Harmoney forecasted prior to commencing lending in 2014. This is in part due to the conservative manner in which we originally forecasted and also due in part to improvements in technology and access to data that we have been able to apply in our credit decisioning processes."

This should not be the reason for the lower actual return, Now Rewrites is going to explain some of the difference, but not all of it, Now maybe I have done worse then average - but looking at https://www.harmoney.co.nz/assets/Performance-Graphs/Jan16-Update/Individual-RAR.png It would appear that 18.35% is in the middle to upper range of returns for portfolios the age of mine ~ 1 year.
Infact it would appear very few people at all are getting a RAR close to my FAR of 25.80%

Dont get me wrong 18.35% is a good return, Im just a little puzzled how defaults can be so much better then forcasted (and as allowed for in the FAR) and yet it seems that everyones RAR is way below their FAR - If defaults are lower then forecast in general the RAR should be higher then the FAR


You can still see the FAR figures here

https://app.harmoney.com/investor/da...y#/performance

If anyone at all does have a RAR that is equal or greater then their FAR I would be very interested to know

[permutation]

Are the RAR figures published including tax?

[permutation]

I calculate my own 30-62 day moving average from the net interest posted by Harmoney I receive each day i.e.(less the fee and less my personal tax rate), but I add the Charged Off amount $value to the principal, as this returns 0% interest and reduces the Rar.

I also don't include any loans from the outstanding principal invested that are less than 30 days old, this slightly increases my Rar until those loans start generating income.

I have had more than 450 loans 17%A, 30%B, 25%C and the rest D,E 22% and 6%F. My own figure shows about 15% net, this is what I expect. Been investing for 1 year and have had 0.65% number of loans default to date.

[Puggy]

According to the most recent RAR distribution on the Harmoney Statistics page, your results are an extreme case - the bottom most dot on their graph!

Individual-RAR.jpg

Didn't realise I was was famous! It's a little pixellated, but I'd guess I'm the lower of those two dots at the bottom. My mother always said I was special, but who knew that one day I'd be an outlier!