sharetrader
Page 458 of 465 FirstFirst ... 358408448454455456457458459460461462 ... LastLast
Results 4,571 to 4,580 of 4649

Thread: Harmoney

  1. #4571
    Guru
    Join Date
    May 2015
    Posts
    2,601

    Default

    Quote Originally Posted by tim23 View Post
    I'm finding that the ratings meant very little a lot of my defaults are the better graded loans!
    Same with me - my highest rated loan (A3) is the only one in arrears (everything else is fine for me as of writing)

  2. #4572
    yeah, nah
    Join Date
    Mar 2017
    Posts
    491

    Default

    The effects of Job losses, business failures etc. from COVID-19 are not likely dependant on loan rate (i.e. likely ability to repay) - so it's quite possible that effects will be felt across the full rate range? e.g. if a well established small business that relied on an expected 'guaranteed' tourism based turnover, or someone who worked for same, received an A rated loan 6 months ago, I doubt too many would have raised an eyebrow?

    At this point I'm not seeing the loses that I thought might be seen - still running a 15.06% RAR, but that may be due to my loan selection. My net-charge offs are not excessive at this stage.

    How are others RAR and charge offs going?

  3. #4573
    Member
    Join Date
    Sep 2019
    Posts
    53

    Default

    Quote Originally Posted by myles View Post
    At this point I'm not seeing the loses that I thought might be seen - still running a 15.06% RAR, but that may be due to my loan selection. My net-charge offs are not excessive at this stage.

    How are others RAR and charge offs going?
    RAR 10.75% (hasn't moved much in the last 6 months)
    (my own XIRR is 11.56%)
    244 loans
    Hardship 18 (A 1, B 1, C 3, D 6, E 7, F 0), whereas my portfolio is exactly centrered on Cs, then Bs and Ds, then As and Es with very few Fs. So I notice hardships are more heavily weighed towards the riskier loans in my case.
    Just one charge off since end of March. (I only have ever had 3 charge offs incidentally: 1 B, 1 C and 1 E.)

    So in my case, it's the hardships: I had one before COVID-19 hit, and 17 more in the past 3 months. I don't expect much from them, not too sure about Harmoney's willingness to truly help and see them through. I suspect they'll slowly morph into charge-offs.
    Last edited by Toukshare; 26-06-2020 at 02:43 PM.

  4. #4574
    yeah, nah
    Join Date
    Mar 2017
    Posts
    491

    Default

    This is what my breakdown looks like:

    Grade Active Loans Hardship Loans
    B 14% 12%
    C 33% 29%
    D 34% 42%
    E 17% 17%

    Pretty much across the board for me - heaviest in the D grades only a little less in the lower grades.

    52 in hardship out of 723 so 7% in hardship.
    Last edited by myles; 26-06-2020 at 05:13 PM.

  5. #4575
    Member
    Join Date
    Apr 2016
    Posts
    83

    Default

    Arrears 3570.3 3.36% 104
    Current 93106.71 87.59% 2329
    Hardship 9320.15 8.77% 193
    Protect Waiver 305.16 0.29% 8
    Total Outstanding 106302.32 2634 40.3577524677297

    By dollar value. Out interest - seems to be a move toward hardship from arrears as predict by forum. Seems to be more movement in current(people paying back/refinancing ) than towards other categories, no real change to the late categories - i dont follow stats before covid (bc). July/august will be interesting as things begin to bite economy wise.

    Whats everybody else doing with their money ? are we all of to squirrel ? shares - or just sitting on it ?
    Last edited by IntheRearWithTheGear; 28-06-2020 at 01:14 PM.

  6. #4576
    Guru
    Join Date
    Aug 2012
    Posts
    4,661

    Default

    Quote Originally Posted by Toukshare View Post
    RAR 10.75% (hasn't moved much in the last 6 months)...

    So in my case, it's the hardships: I had one before COVID-19 hit, and 17 more in the past 3 months. I don't expect much from them, not too sure about Harmoney's willingness to truly help and see them through. I suspect they'll slowly morph into charge-offs.
    When the hardship repayment holidays end, that could be when we see a big dip in RAR as capital charge-offs climb. So that could be in a few months time if 6 month Covid repayment holidays were granted.

  7. #4577
    Member
    Join Date
    Sep 2019
    Posts
    53

    Default

    Quote Originally Posted by IntheRearWithTheGear View Post
    Whats everybody else doing with their money ? are we all of to squirrel ? shares - or just sitting on it ?
    Personally, transferring to LC as it trickles from HM. LC seems to have had a healthy amount of loans coming through.

  8. #4578
    Member
    Join Date
    Jul 2017
    Posts
    128

    Default

    Quote Originally Posted by Toukshare View Post
    Personally, transferring to LC as it trickles from HM. LC seems to have had a healthy amount of loans coming through.
    LC is too hard to get invested in. I have better things to do than sit around all day waiting for loans to land then having 2 minutes or less within which to invest. I've stopped investing in LC dropping from $120k to $90k over the last 6 months.

  9. #4579
    Member
    Join Date
    Nov 2016
    Posts
    159

    Default

    If you are over 65 think about your kiwisaver potential.

  10. #4580
    Member
    Join Date
    Sep 2019
    Posts
    53

    Default

    Quote Originally Posted by joker View Post
    LC is too hard to get invested in. I have better things to do than sit around all day waiting for loans to land then having 2 minutes or less within which to invest. I've stopped investing in LC dropping from $120k to $90k over the last 6 months.
    I don't disagree but there aren't *many* other options

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •