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NEW LOANS:   | 8033.eth 0.349 Ξ | 5033.eth 0.349 Ξ | scyther.eth 0.800 Ξ | ALL

Was this a Good Deal or What?

Started by Peter, September 12, 2017, 11:00:00 PM

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I recently put a bunch of loans for sale at 10% premium, not thinking much would happen. To my surprise, I had a bunch of F and G notes that ended up selling. These were never late with flat or rising trends that were roughly 40 months old.

Now, I wonder how this could be a good deal for the buyer. These notes returned roughly 8 percent up to now because they were in the "good ol' days" vintage. They likely return more now because they have such a good repayment history. Still, with the possibility of repayments and all, could this possibly be a good deal for the buyer?


I stopped buying notes on folio with any markup. The frequency of pre-payments was just too high, especially since LC likes to poach their own borrowers with refinance offers.


Lucky you! As a buyer, my experience with secondary market has been good (23+ % returns on folio notes!!!) but I wish I could increase my sales of non-seasoned notes. I'm getting mediocre sales at abt 2.50 markup - but these are my falling credit or unseasoned notes so maybe I should be content? 

NEW LOANS:   | 8033.eth 0.349 Ξ | 5033.eth 0.349 Ξ | scyther.eth 0.800 Ξ | ALL