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)
Back again. Figures for those 88 loans as follows. Total $ invested $7285 ,gross interest $1136.77 less 101.70 fees, less $ 255.78 lost capital through defaults. This is over my first 4 months, all 36 mnth loans, after the 3 years.
Not sure how you calculate actual earnings as all returns were reinvested.
Does not stack up with Harmoney's 12-15% returns, that's for sure