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09-11-2018, 12:30 PM
#4001
Member
Originally Posted by beacon
Hardly impartial. They won't be getting a single cent of my money!
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10-11-2018, 10:29 AM
#4002
Member
I recall that Chris Lee brokered investments in questionable finance companies pre the 08 debacle. I think I'll keep my own counsel on what makes a satisfactory investment.
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11-11-2018, 10:49 AM
#4003
Anyone else has their rar missing from dashboard?
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11-11-2018, 12:17 PM
#4004
Member
Originally Posted by bung5
Anyone else has their rar missing from dashboard?
Yes. This has happened in the past too
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13-11-2018, 08:33 AM
#4005
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13-11-2018, 08:58 AM
#4006
Member
So much for refinancings requiring a proven payment history. Question is, who has already subscribed 13% to the loan? No wonder the big boys' RAR is trending so poorly, when there is no weeding out of rubbish from entering their portfolio. Will be interesting to watch and see how long this hangs around before it is gulped up because it has sat for so long.
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13-11-2018, 09:12 AM
#4007
Member
Originally Posted by BJ1
So much for refinancings requiring a proven payment history. Question is, who has already subscribed 13% to the loan? No wonder the big boys' RAR is trending so poorly, when there is no weeding out of rubbish from entering their portfolio. Will be interesting to watch and see how long this hangs around before it is gulped up because it has sat for so long.
Loans like this are the reason I keep auto-lend turned OFF! Does make you wonder about the quality of loan applications they reject (~75% of all applications) if this one can make the cut. And only a D5 too?!
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13-11-2018, 09:27 AM
#4008
Member
And just 26 minutes later it's gone and all the other loans on the board are down to a couple of notes left to go. It's OK to take a portfolio approach in terms of risk/return but some of these loans should fall into the irresponsible lending category - who carries the can if that is determined? Not Harmoney because it isn't the one doing the lending?
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13-11-2018, 09:30 AM
#4009
Originally Posted by leesal
Quite possibly the worst HM loan I've ever seen
Capture.JPG
5 defaults by a single 21 year-old living with parents, considered worthy enough to top-up a previous 5-year Harmoney loan by over 50% after having made just one monthly repayment on that previous loan - to refresh him/herself with a much needed holiday he/she had no cash to buy in the first place. Wow! Looks like a G (junk) grade...
Harmoney must know a lot we don't, to entertain this. They could still prevent some avoidable angst and chatter on loan quality, if they added a filter for number of defaults (like others by number of years in residence or job).
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13-11-2018, 10:00 AM
#4010
Member
Originally Posted by leesal
Quite possibly the worst HM loan I've ever seen
Capture.JPG
FFS, and my filters didn't catch it! D5?! Maybe there were extenuating circumstances or maybe not! High time we had a filter for defaults.
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