Not time of the year myles. Just times of our lives...
Quote:
Originally Posted by
Cool Bear
It is very much reduced.
The number of loans I invested in for one of my pooled fund:
Jan2018 520 loans vs Jan2019 79 loans
Feb2018 408 loans vs Feb2019 54 loans
My numbers are smaller than yours Cool Bear, but I have also only done roughly 10% of the volume this Feb as compared to Feb last year. My January volume was also roughly 20% of my Jan numbers last year.
So, definitely a big shift in loan volume away from retail lenders to institutional lenders recently, regardless of whether the loan volume lifted or fell overall due to seasonality.
Securitization is definitely an innovation whose time seems to have come in New Zealand. Although I read today that "In Australia, a $120 mln residential mortgage bond made up of Suncorp mortgages suffered defaults to a trigger level where investors may not get all their money back. It is being described as a 'canary' moment." And Harmoney loans aren't even secured, but kudos for this are due to Harmoney nevertheless.
Welcome to the chat forum nickw!
Quote:
Originally Posted by
nickw
One of the main points about investing in P2P is the diversification of the funds and the importance of having a small amount of investment in many loans. This is a key point that Harmoney make to all investors. Only last month (February), the Lender blog was discussing imaginary portfolios by Jack and Sarah, and the importance of spreading the risk over a large number of loans.
https://www.harmoney.co.nz/lender-bl...y-unique-loans
It seems ironic that Harmoney should continue to impress the importance of diversification whilst at the same time reducing the number of loans available to invest in. As of the time of writing there were only 5 loans in the last 24 hours.
Loan numbers have been dismally low for most of the moons since before Christmas now. That's three months, compared to the last time they did this for a month or so - in June last year.