Author Topic: Anyone selling Florida loans?  (Read 4245 times)

rubicon

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Anyone selling Florida loans?
« on: September 04, 2017, 11:19:53 PM »
No, it's not too early.

rawraw

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Re: Anyone selling Florida loans?
« Reply #1 on: September 05, 2017, 04:15:32 AM »
At what price are you selling these loans? I wonder if this strategy of yours is actually positively impacting returns?

rubicon

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Re: Anyone selling Florida loans?
« Reply #2 on: September 05, 2017, 09:36:59 AM »
here's a hypothetical question: would you buy a newly originated loan from Houston right now from Lending Club (not folio)? Because real life stuff happens and I seriously doubt that Lending Club has "disaster zone zip code" as one of its underwriting criteria when assigning a default probability.
« Last Edit: September 05, 2017, 10:30:56 AM by rubicon »

dbailey75

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Re: Anyone selling Florida loans?
« Reply #3 on: September 05, 2017, 01:31:30 PM »
I'm fairly certain I've excluded FL in general, I believe it was mentioned a couple years ago, that FL as state had a higher than average default rate. I don't recall.

Yep, just have 10 active loans in FL, origination dating back to 2015. 

rawraw

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Re: Anyone selling Florida loans?
« Reply #4 on: September 05, 2017, 03:10:33 PM »
Yes, I'd make Houston loans. I'm not that concerned

fliphusker

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Re: Anyone selling Florida loans?
« Reply #5 on: September 13, 2017, 08:06:02 PM »
Figured I would pop in as have not been here for awhile.
With Florida being one of the sand states, like you, I never had a single loan from there. And you are correct if I remember my backtesting correctly that they have a higher default rate.
I'm fairly certain I've excluded FL in general, I believe it was mentioned a couple years ago, that FL as state had a higher than average default rate. I don't recall.

Yep, just have 10 active loans in FL, origination dating back to 2015.

Paulie2083

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Re: Anyone selling Florida loans?
« Reply #6 on: September 15, 2017, 10:33:51 PM »
Figured I would pop in as have not been here for awhile.
With Florida being one of the sand states, like you, I never had a single loan from there. And you are correct if I remember my backtesting correctly that they have a higher default rate.
I'm fairly certain I've excluded FL in general, I believe it was mentioned a couple years ago, that FL as state had a higher than average default rate. I don't recall.

Yep, just have 10 active loans in FL, origination dating back to 2015.

same here  ;D
I've always excluded Florida (the state i live in!) because of the higher default rate. i think California is another one with a fairly high default rate that i exclude.

rubicon

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« Last Edit: September 18, 2017, 05:41:52 PM by rubicon »