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Author Topic: Value of previously late notes

j
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Value of previously late notes
OP: April 19, 2014, 11:00:00 PM
Just a question for anyone out there to throw some thoughts around.   I recently started to reprice my notes that have had a late payment before and are now current.   I figured that 95% of principle balance would be a good place to start with notes that have a downward trending FICO, but I'm been surprised to see the large portion of my notes selling quickly.   Has anyone done an analysis the value of a note going late at least one time?  Outside of lending club's cure rates I didn't see a post on true statistics around notes having further payment issues.

Thanks!
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y
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Value of previously late notes
#1: April 19, 2014, 11:00:00 PM
There's plenty of never-late notes for sale right around par so I'm not sure why anyone would bother taking a chance on a 5% discount.

Ah well. The Wisdom of the Market I guess.
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F
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Value of previously late notes
#2: April 20, 2014, 11:00:00 PM
Some statistics on Current notes on FOLIOfn as of tonight (4/20):



from: joshmer on April 20, 2014, 05:52:35 PM
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r
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Value of previously late notes
#3: April 20, 2014, 11:00:00 PM
Is that how your model determines the selling price for FolioFN strategy?
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m
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Value of previously late notes
#4: April 20, 2014, 11:00:00 PM
generally, I don't think it is easy to sell now-current notes with a premium.
The average above is the average by listing, not the average sale price of the market.
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Value of previously late notes
#5: April 20, 2014, 11:00:00 PM
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Ran

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Value of previously late notes
#6: April 20, 2014, 11:00:00 PM
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#7: April 20, 2014, 11:00:00 PM
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c
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Value of previously late notes
#8: April 20, 2014, 11:00:00 PM
Fred those statistics are nice to look at, but I don't see how examining what's currently listed can give you confident purchasing data.  You're only looking at what hasn't sold, and none of that which sold quickly.  Also it seems to me that your data would be seriously skewed by just a few people who list things at unrealistically high prices with no intention of selling the notes except to fools.  This increases your max markup, increases the avg, (MAYBE changes your purchasing, depending on how you have it set up) but the real market hasn't changed one bit.
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Value of previously late notes
#9: April 21, 2014, 11:00:00 PM
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#10: April 21, 2014, 11:00:00 PM
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#11: April 21, 2014, 11:00:00 PM
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#12: April 21, 2014, 11:00:00 PM
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#13: April 21, 2014, 11:00:00 PM
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#14: April 21, 2014, 11:00:00 PM
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