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Thread: Harmoney

  1. #3011
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    Quote Originally Posted by Soolaimon View Post
    I am not up with all this technical analyzing of returns but I thought some may be interested in a little exercise I have just done. My first loan purchase was in Sept 2014, In the next 4 months I took out 88 Loans all 36 months and for $ 25 to $ 150. Of those 88 loans, only 8 went full term and there are 3 still running and for some reason well behind in payments. 10 were charged off. The spread of grades was pretty even through A to E with only 5 F's.
    I have steadily invested since but have to take 60 month loans to keep up and as far as RAR goes it was up around 15-16% for the first 6=8 months but then went down to about 13% where it has stayed ever since. ( now at 12.7%)
    Still happy enough but no new funds in for more than a year now.
    Looks like you were not sufficiently diversified. Best to have, say, at least 100 per grade.

  2. #3012
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    Just as a matter of interest people: when looking at your export sheet, what proportion of live loans which should have received a payment recently are recorded as Current but actually have had no payment this past month - say up to and including the 15th of the month. I have 4% of my live loans recorded as Current which are actually in arrears. That's on top of the 2.5% recorded as in arrears. Anyone else chatting to Harmony about this?

  3. #3013
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    Quote Originally Posted by BJ1 View Post
    Just as a matter of interest people: when looking at your export sheet, what proportion of live loans which should have received a payment recently are recorded as Current but actually have had no payment this past month - say up to and including the 15th of the month. I have 4% of my live loans recorded as Current which are actually in arrears. That's on top of the 2.5% recorded as in arrears. Anyone else chatting to Harmony about this?
    Probably reflects the delay in actual payment and you actually being credited with it. Usually 2-3 days.

  4. #3014
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    Quote Originally Posted by leesal View Post
    Thanks Soolaimon. Could have been a bad first up batch, low sample size.

    Harmoney 1.0 suggests you should have only had 6 defaults, in all likelihood you'll end up with 12 or 13. Hopefully the rest of the loan book isn't running similar.

    Grade 3 yr default loans defaults
    A 0.5% 16 0.1
    B 1.6% 17 0.3
    C 3.6% 17 0.6
    D 5.9% 17 1.0
    E 12.3% 16 2.0
    F 29.4% 5 1.5
    Tot 88 5.4

    What is your profit on these loans if any? (eg taking your interest received and deducting all premium outstanding, whether defaulted or in arrears)
    Hi Leesal, I will get to this in the next day or so, bit on at the moment, just had another couple of defaults tho.
    Soolaimon

  5. #3015
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    Quote Originally Posted by 777 View Post
    Probably reflects the delay in actual payment and you actually being credited with it. Usually 2-3 days.
    Not so. There are real issues with Harmoney's recording of overdue payments and have been for months.

  6. #3016
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    In case anyone cares, here are my results, investing since March 2016.

    Total RAR (from Harmoney): 15.80%
    Total loans: 962
    All 36-month loans
    Loan breakdown by $invested: A 19.4% / B 25.7% / C 21.7% / D 20.5% / E 12.7% / F 0%
    # Loans in arrears >30 days: 7
    # Loans canceled: 11
    # Loans paid off: 354
    # Loans charged off: 12
    Charged off breakdown by Grade: A 0 / B 1 / C 1 / D 1 / E 9 / F N/A
    Last edited by CageyB; 26-01-2018 at 01:07 PM.

  7. #3017
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    Quote Originally Posted by CageyB View Post
    In case anyone cares, here are my results, investing since March 2016.

    Total RAR (from Harmoney): 15.80%
    Total loans: 962
    All 36-month loans
    Loan breakdown by $invested: A 19.4% / B 25.7% / C 21.7% / D 20.5% / E 12.7% / F 0%
    # Loans in arrears >30 days: 7
    # Loans Charged off: 12
    Charged off breakdown by Grade: A 0 / B 1 / C 1 / D 1 / E 9 / F N/A
    Nice, thems some good stats.

  8. #3018
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    Thanks. Since 1.5 I've been consciously putting less into A and trying to invest more heavily into the C and D grades.
    Last edited by CageyB; 26-01-2018 at 04:59 PM.

  9. #3019
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    Quote Originally Posted by CageyB View Post
    In case anyone cares...
    People may not write here regularly, but if this thread is over 200 pages, they do appreciate and engage, when they can. By the way, Enviable stats CageyB.

    Your numbers are too thin for confident analysis, Soolaimon, but good to see you are reasonably content. Defaults can impact highly on thin numbers, skewing observations.

  10. #3020
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    Quote Originally Posted by BJ1 View Post
    Not so. There are real issues with Harmoney's recording of overdue payments and have been for months.
    Agreed.

    If you go into Loan Export, The data there shows the arrears accurately (Time in arrears (days))

    To take a shot in the dark as to why. It could be "Status" reporting relate to Harmoney's own internal Credit Control. (eg "CURRENT" = ???successful contact with borrower, adequate explanation & plan to get back on track???).
    Loan ID Date Status Time in arrears (days) Grade
    LAI-00106881 22/08/2017 Arrears 31-60 E3
    LAI-00108053 24/08/2017 Current 31-60 D1
    LAI-00112018 29/09/2017 Current 1-30 F4

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