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21-05-2018, 07:53 AM
#3291
Junior Member
Since May 8th my autolend has taken a vastly reduced number of loans. I have changed no settings, merely reenabled autolend.
Anyone else seeing a massive drop in loans available?
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21-05-2018, 08:05 AM
#3292
Originally Posted by Stevecp
Since May 8th my autolend has taken a vastly reduced number of loans. I have changed no settings, merely reenabled autolend.
Anyone else seeing a massive drop in loans available?
Yes, because the borrowers are adjusting to their rate changes, while little lenders giving way to a new wholesale lender. Should come right soon...
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21-05-2018, 08:09 AM
#3293
Originally Posted by linden
I doubt there will be much change from our end as lenders, possibly some of the benefit from the recent interest rate increase will be eaten up with an increase in lending fees?
I'll second your first observation, until the second part of your consideration eventuates. If it does, it will begin to impact Harmoney market share seriously
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23-05-2018, 03:26 PM
#3294
Originally Posted by RMJH
Indeed there has hardly been much official will to allow P2P to prosper....
True Indeed and Surprising considering the domination of Overseas owned enterprises in the Financial sector and surprising since there has been concern about the reliance of NZ households on investment in residential real estate as opposed to financial investment.
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23-05-2018, 04:23 PM
#3295
Member
Originally Posted by Bjauck
True Indeed and Surprising considering the domination of Overseas owned enterprises in the Financial sector and surprising since there has been concern about the reliance of NZ households on investment in residential real estate as opposed to financial investment.
Yep, not to mention productivity gains in banking, investment and insurance.
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24-05-2018, 06:48 PM
#3296
Member
Is it just me, or have the number of new loans available to invest in plummeted since the t&c's were changed?
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24-05-2018, 09:54 PM
#3297
Member
Originally Posted by Art
Is it just me, or have the number of new loans available to invest in plummeted since the t&c's were changed?
Yep, it used to be $800k to $1m a day of loans in the marketplace. The question is whether this is due to less loan applications in total (seasonal?) Or is it because harmoney itself is now a wholesale investor and less loans are making it to the retail marketplace after the institutional investors get their share.
Is it known whether the figure we see is just the retail market, or total loans?
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24-05-2018, 10:50 PM
#3298
Member
Either way my auto lend hasn't picked up any loans for nearly a month now and my balance is growing unfunded
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25-05-2018, 10:09 AM
#3299
Member
I have the site open most of the day and I'm struggling to find enough decent loans to stop my balance growing. I'm wondering whether or not to start putting it into something else, but my LC account is in a similar situation.
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25-05-2018, 10:38 AM
#3300
Member
Originally Posted by Vagabond47
Yep, it used to be $800k to $1m a day of loans in the marketplace. The question is whether this is due to less loan applications in total (seasonal?) Or is it because harmoney itself is now a wholesale investor and less loans are making it to the retail marketplace after the institutional investors get their share.
Is it known whether the figure we see is just the retail market, or total loans?
I've definitely noticed (and by the comments here so have others) a reduced number of loans hitting the marketplace over the past couple of weeks. Looking at their marketplace statistics page- there were only 110 loans last week, by far the lowest in a week in the last 5 months (next lowest is 161). I think this number also includes wholesale funds, but I could be wrong.....
Date |
Volume (Total) |
Number (Total) |
Volume (Last Week) |
Number (Last Week) |
24/12/2017 |
664,962,900 |
37,441 |
|
|
31/12/2017 |
668,759,956 |
37,612 |
3,797,056 |
171 |
7/01/2018 |
676,267,250 |
37,908 |
7,507,294 |
296 |
14/01/2018 |
682,249,975 |
38,174 |
5,982,725 |
266 |
21/01/2018 |
688,114,575 |
38,424 |
5,864,600 |
250 |
28/01/2018 |
693,840,025 |
38,656 |
5,725,450 |
232 |
4/02/2018 |
698,552,500 |
38,850 |
4,712,475 |
194 |
11/02/2018 |
704,278,200 |
39,084 |
5,725,700 |
234 |
18/02/2018 |
711,820,825 |
39,350 |
7,542,625 |
266 |
25/02/2018 |
717,855,925 |
39,587 |
6,035,100 |
237 |
4/03/2018 |
724,578,575 |
39,849 |
6,722,650 |
262 |
11/03/2018 |
730,690,100 |
40,091 |
6,111,525 |
242 |
18/03/2018 |
736,759,575 |
40,316 |
6,069,475 |
225 |
25/03/2018 |
740,946,625 |
40,477 |
4,187,050 |
161 |
1/04/2018 |
745,804,325 |
40,658 |
4,857,700 |
181 |
8/04/2018 |
749,866,450 |
40,827 |
4,062,125 |
169 |
15/04/2018 |
754,753,900 |
41,014 |
4,887,450 |
187 |
22/04/2018 |
760,185,625 |
41,222 |
5,431,725 |
208 |
29/04/2018 |
765,715,450 |
41,432 |
5,529,825 |
210 |
6/05/2018 |
770,994,125 |
41,652 |
5,278,675 |
220 |
13/05/2018 |
775,316,125 |
41,841 |
4,322,000 |
189 |
20/05/2018 |
778,427,475 |
41,951 |
3,111,350 |
110 |
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Last edited by alundracloud; 27-05-2018 at 03:30 PM.
Reason: formatted table better
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