Can someone explain this
As you can see I selected a loan with a date of acquisition in january .. and it is listed in the list of 31-60 days late loans. We are in june !?
Is it normal that on 200 loans, I have near 100 loans late ? What happens if i decide to sell that loan ?
You can see that this loan has had a "schedule extension" because youve received a fee of 0,27 cents. The loan has now passed the new schedule and may go late and be bought back or it may be extended again.
If you sell the loan it will show its status according the new extended schedule. IE in this case if it has 5days left it will show as "current"
When buying ST loans on the primary market be aware that they can be extended up to six times and up to 6mths. Likewise when buying on the secondary market the loan could be an extended schedule loan.
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