Harmoney

[IntheRearWithTheGear]

5.2% of my outstanding principal is currently listed as "hardship". All things considered, that's acceptable at this stage. Arrears/charge-offs are basically unchanged since the lockdown began.

For me
Hardship 5.5%
Arrears 4.3%
Current 90%

Break down of loan types

25% a's
25% b's
25% c's

remainder over def's

Currently looking better than my share market portfolio which is down about 40%

Wonder if i can get any relief or helicopter money ?

[Saamee]

2020 RWT Tax Certificates now available @ HM

[Saamee]

News just out at interest.co.nz

SELLING DOWN
The founder of the country's first peer-to-peer lender Harmoney has sold down his stake by offloading over 5 million shares. Companies Office records show that Neil Roberts, who once owned virtually all (98%) of Harmoney when it started in 2014, had sold the shares to Tasman-based Michael Lookman. No price is given. Roberts, who has moved back from managing the company, now owns 28.8% of Harmoney, down from 30.8%. And while his stake has been gradually getting diluted since 2014 this appears to be the first time he's actually sold any. Lookman, who first bought into the company towards the end of last year now owns 10.9%. Other big shareholders are: Kirwood Capital Partners (13.4%), Heartland Group (13.1%) and Trade Me (11.7%). Harmoney pulled out of the P2P market earlier this year.

[CageyB]

5.2% of my outstanding principal is currently listed as "hardship". All things considered, that's acceptable at this stage. Arrears/charge-offs are basically unchanged since the lockdown began.

Updated: Now 6.9% in hardship, 1.7% in arrears >30 days.

[BJ1]

Has anyone else had problems looking at the Borrower Details data on their loans? I get an error message every time. Am I overly suspicious about the recent loss of this information?

[Cool Bear]

Has anyone else had problems looking at the Borrower Details data on their loans? I get an error message every time. Am I overly suspicious about the recent loss of this information?

Just signed in to try it out. I get an error message too whenever I click on Borrower Details.

[IntheRearWithTheGear]

Updated:
Protect Waiver 0.34%
HardShip 7.65%
Arrears 4.06%
Current 87.96%

[Saamee]

Even before the Covid recession, Interest rates had been reduced for each grade, so even if the charge off rate stayed the same, with reduced income the charge-offs as a percentage of interest earned would increase.

Guess just over 1 month later and I have recently seen the Arrears coming down to single $ digits......

HM Collections Dept. must be doing a sterling job in the current financial environment.... for now!

[joker]

Guess just over 1 month later and I have recently seen the Arrears coming down to single $ digits......

HM Collections Dept. must be doing a sterling job in the current financial environment.... for now!

...more likely shifting them all to the Hardship basket.

[Saamee]

...more likely shifting them all to the Hardship basket.

What I am saying is Arrears are LESS currently - that is positive...

If it was Hardship there would be NO payments >> HIgher Arrears Outstanding!

Not what I am seeing just now