Author Topic: Where are all the high quality loans?  (Read 19798 times)

DLIFVOIP

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Where are all the high quality loans?
« on: July 22, 2014, 09:22:47 AM »
So for the last week or so I have noticed that my filters are only kicking out 5-15 loans per release time for me to review.  My filters typically kick out 25-40 loans per release?

Anyone else experiencing this issue? 

Thanks.

Fred

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Re: Where are all the high quality loans?
« Reply #1 on: July 22, 2014, 10:34:46 AM »
I was able to get good loans until last week; however, my models have been producing very few new loans since this past weekend.

DLIFVOIP

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Re: Where are all the high quality loans?
« Reply #2 on: July 22, 2014, 01:02:29 PM »
Ok, well at least it is not just me noticing this?  Any idea on the cause?  I have been doing this for 4.5 years and never seen it slow this much.

WES

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Re: Where are all the high quality loans?
« Reply #3 on: July 22, 2014, 01:48:57 PM »
My filters are screwed down pretty tight. I usually have 4 - 8 to review at each release. The past few days, it's been 0 - 2.

So, yeah, volume seems considerably reduced.

JoeB

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Re: Where are all the high quality loans?
« Reply #4 on: July 22, 2014, 03:51:39 PM »
For this past weekend, there have only been approximately 50 new loans during feeding time. Monday was comparable to this weekends disappointment. Tuesday morning also showed about 50 new loans while the 1pm feeding time showed about 75. All numbers are approximate but there have really been very few new loans offered.
Best to all,

JB

Kombinator

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Re: Where are all the high quality loans?
« Reply #5 on: July 23, 2014, 01:42:39 PM »
Same here, couple of weeks like this actually, the amount of loans passing filters has fallen off the cliff.

Possibly they are either pricing better and yields have fallen, more institutional interest snapping it fast (although doubt that as we would have seen the listing fill) or they have let the quality drop for the next batch of new loans...

rawraw

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Re: Where are all the high quality loans?
« Reply #6 on: July 23, 2014, 06:15:16 PM »
Yea I'm not getting many hits either.  Only 2 trades executed today yet 1,000 in cash.

Fred

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Re: Where are all the high quality loans?
« Reply #7 on: July 23, 2014, 10:17:18 PM »
I expanded my strategies -- temporarily -- to include higher-grade loans (Bs and Cs).  This allows me to keep investing in loans & minimize my idle cash.

Rob L

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Re: Where are all the high quality loans?
« Reply #8 on: July 23, 2014, 11:41:01 PM »
I feel like a yo-yo.
A couple of weeks ago I had no cash and was really  thinking I could/should add more.
Now my cash is piling up; nearly 1% of the account value and still climbing.

brycemason

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Re: Where are all the high quality loans?
« Reply #9 on: July 23, 2014, 11:47:40 PM »
One time, I think in Jan. 2013, we all noticed some crazy drop off. It turned out that like 60% of loans had a public record. Lots thought there was a data error and I cracked a joke that perhaps LC was marketing to the Public Record Society. We called up and showed our findings and they confirmed direct mailing to a segment of people with public records.

rawraw

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Re: Where are all the high quality loans?
« Reply #10 on: July 24, 2014, 06:52:47 AM »
One time, I think in Jan. 2013, we all noticed some crazy drop off. It turned out that like 60% of loans had a public record. Lots thought there was a data error and I cracked a joke that perhaps LC was marketing to the Public Record Society. We called up and showed our findings and they confirmed direct mailing to a segment of people with public records.
I do remember that now ha ha

Kombinator

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Re: Where are all the high quality loans?
« Reply #11 on: July 24, 2014, 09:07:40 AM »
Oh boy, sounds like they are almost purposefully screwing with us:) Direct mailing to convicts is next:)

DLIFVOIP

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Re: Where are all the high quality loans?
« Reply #12 on: July 24, 2014, 09:36:37 AM »
I feel like a yo-yo.
A couple of weeks ago I had no cash and was really  thinking I could/should add more.
Now my cash is piling up; nearly 1% of the account value and still climbing.

This morning was better.  My filter produced 33, but I still only bought 8.  I like it when I can buy between 10-12 per release.

BruiserB

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Re: Where are all the high quality loans?
« Reply #13 on: July 24, 2014, 09:57:40 AM »
What do most of you do in a situation like this?

a) Loosen your filters some?

b) Increase investment per note?

c) Let cash build up until situation improves?

DLIFVOIP

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Re: Where are all the high quality loans?
« Reply #14 on: July 24, 2014, 10:25:50 AM »
What do most of you do in a situation like this?

a) Loosen your filters some?

b) Increase investment per note?

c) Let cash build up until situation improves?

Let cash build up.  Making 0% is better than making 15% for 3 months then experiencing a default.  Plus you have the cash ready for when the volume picks back up.