Originally Posted by
myles
NO! Retail investors do not Auto-Lend (match) 100% of loans! So Harmoney aren't "cutting off" at 25% or, I suspect, anywhere near it.
I've got a fairly "open" Auto-Lend criteria and it doesn't come close to matching 25% of the loans that go through...
I've had 65 Auto-Lend loans in the last 25 days! In that time I've picked up a total of 248 loans and have left many other loans untouched.
The loans are there, but I suspect retail investors aren't interested in many of them, and the wholesale investors are picking them up very quickly. I'd be interested in knowing what tools the wholesale investors have to pick up the loans that they do, so quickly. I suspect it's a variation of the Auto-Lend facility the retail investors have, but only 'kicks' in once the loans hit the marketplace. Some small portion is no doubt pushed through to ensure fairness (as clearly stated by Harmoney), but I very much doubt its anything like what some have/are suggesting...if you consider the numbers in the bigger picture.