Does this mean their loan book grew by only 7 loans and $106k for the week? I assume this calculates as opening number of loans + new loans - repaid loans = closing number of loans?
Does anyone one know if this includes institutional as well as us little guys? Attachment 9714
The figures are total loans todate. No deduction for repaid loans. And it would include institutional investors as well. Ties in with their figures below in their market stats today (see attached).
So for that week, the TOTAL new loans was just 7 worth $106k.
Still 10%'ish, but I've never seen the point of this comparison. If an investor invests in higher risk loans, this value will be high but the return will also likely be high - an investor who invests in low risk loans should have a low value, but a corresponding low return...e.g. if an investor only invested in loans with interest rates of say 30% and had a default to interest % of 30%, they would be doing very well. It's not a comparative value.
I think the Harmoney team have all wandered of skiing for a few days and everything will be back to normal soon........
Yeh completely. Although platform is averaging 20% with a lower average interest rate!
Just for Kicks. Not the most useful comparative stat, as ignores the hazard curve.
Moreover, for the retail investor on the platorm, who may not be able to deduct charge-offs for tax purposes, the effective tax rate on their RAR may well be a lot higher than 33%.
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