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01-08-2018, 12:57 PM
#3541
Member
Originally Posted by permutation
I keep track of my principal repayments over a running 6 month period and have found 44% of my total outstanding principal is repaid over this time.
For the past six months my repayments have been near to the same. I deliberately target 36 month terms and low repayment percentages, which leads to higher cash flow and more of my loans being topped up.
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01-08-2018, 04:30 PM
#3542
Member
May be of interest to many here.. Heartland bank restructuring and listing on ASX. And they own a decent chunk of Harmoney.. https://www.nzherald.co.nz/business/...ectid=12099133
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01-08-2018, 07:41 PM
#3543
Member
HARMONEY NARROWS LOSS AS FEE INCOME SURGES
Harmoney has posted a March year loss of $1.9 mln, down from $6.5 million the previous year. The licensed peer-to-peer lender recorded a near doubling of revenue, which consists almost entirely of fees, to $26.2 million from $14 mln. Expenses rose 34% to just over $28 mln. Accumulated losses reached $28.737 mln at March 31, with Harmoney having share capital of $32.8 mln. Having gone live in September 2014, Harmoney's website says it has matched borrowers and lenders for loans worth $750 mln. Meanwhile Squirrel Money, another P2P lender, narrowed its March year loss 13% to $492,379 with revenue up 84% to $393,733.
Source: interest.co.nz
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03-08-2018, 09:53 AM
#3544
Member
Good volume over the last few weeks
Not sure I agree with some of the grading though. For example this one
Capture.JPG
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03-08-2018, 04:02 PM
#3545
Junior Member
eeek 30% of income on repayments !
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03-08-2018, 08:48 PM
#3546
renting - 50 odd - 30% income on debt and one default to boot - how can this be classified as a C1
Time is a great teacher, but unfortunately it kills all its pupils
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05-08-2018, 12:07 PM
#3547
Member
Originally Posted by boysy
renting - 50 odd - 30% income on debt and one default to boot - how can this be classified as a C1
99.63% chance it won't default apparently
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05-08-2018, 12:29 PM
#3548
Member
Am coming up a year in a few weeks time. RAR 14.75%, running at 14.3% writing off any debt having arrears beyond 60 days - although am only projecting 10.5% based on HM annual default by grade estimates upon full term.
Best performing grade as at today is F = 23.3%, worst A = 8.7% followed by E at 11%. Expect that to change as loans mature.
My overall risk vs reward graph (plots total interest income, against principal written off or in arrears; by number of successful interest payments made), is looking okay - although E grade is showing the effects of some poor risk selections early on in my portfolio.
Capture.JPG
Caputure-Egrade.JPG
Last edited by leesal; 05-08-2018 at 12:30 PM.
Reason: move graph links onto separate lines
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05-08-2018, 09:21 PM
#3549
Member
Been lending for 40 months now, I switched away from E an F grades from September 2015 due to heavy losses, the low point of my RAR graph, then began concentrating in the mid-range zones and it's served me well. Latest RAR 14.06% being 422 pips above the platform.
Permutation 40 months.JPG
Last edited by permutation; 05-08-2018 at 09:22 PM.
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06-08-2018, 09:48 AM
#3550
yeah, nah
Signs of the Future?
I know things here in NZ are very different to America, however I found the following article littered with potential warning signs of the future. Perhaps of some value to loan selection strategies:
https://www.nytimes.com/2018/08/05/b...americans.html
There are also some major concerns in Australia at the moment regarding out-of-control Credit Card debt. Where is all this heading?
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