Author Topic: For my FOLIO brethren  (Read 1445 times)

fliphusker

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For my FOLIO brethren
« on: March 25, 2017, 04:25:10 PM »
Last night I hopped on to drudge through loans on NSR, a tedious but necessary task and ran across some deep discounted notes. Not going to sugar coat them as their FICO scores have issues. I snagged about half a dozen of these "gems".
So figured would share as a few are still there. Before you say how crazy I am for jumping on ticking time bombs, sit back and look at the YTM for a bit and calc out what it would take to at least break even. I just never see such huge discounts on never late notes for any reason.

fliphusker

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Re: For my FOLIO brethren
« Reply #1 on: March 25, 2017, 04:30:17 PM »
Here is one, sorry I took that shot of my notes last night, but can not get one of the 3 remaining today. The others are right at 49.96-49.98 discount, so easy to find. YTM from 54-64
https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=75739029&order_id=109301931&note_id=124788271