JD2. The loan term doesn't really matter imo. DM1 sell the loans after 30+ days. Assuming they are sold quickly, then the only revenue sought from a sold loan package is via admin and man agent of those loans. I would like to know if DM1 are making a margin when the seller the loan book. Packaged debt is less risky than individual debt (think clo/cdo) so there should be a margin there too. It doesn't look like they are but they should be.
In regards to broker channels, who goes to a broker for a $5-$35k loan? I'd be interesting to see how many loans have come from brokers and whether DM1 has been integrated into broker aggregation platforms or whether it's a separate portal that has to be accessed by the broker.
Besides for the resale value/viability, the credit worthiness of a borrower is of little concern to DM1 as long as there is appetite from funds to buy this debt. How much is being sold to instos/superfunds/funds in comparison to its own direct money fund? Who owns the direct money fund? Does the direct money fund then on sell taking advantage of the margin difference between a single loan and a packaged loan? It seems DM1 doesn't.
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.30M |
Open | High | Low | Value | Volume |
3.1¢ | 3.3¢ | 3.0¢ | $71.27K | 2.253M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 115173 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.3¢ | 401867 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1034099 | 0.030 |
2 | 789655 | 0.029 |
1 | 19000 | 0.027 |
3 | 228307 | 0.026 |
1 | 80000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 401867 | 3 |
0.034 | 183871 | 2 |
0.035 | 130092 | 4 |
0.036 | 343162 | 4 |
0.037 | 139087 | 2 |
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