Secondary market transactions were up slightly compared to September. There was a total of €765,863 transacted on the Bondora secondary market in October, up 0.8% from the month before. While both API and Portfolio Manager transactions were both down, manual transactions were up by 14.1% to €322,274.
In total, current loan transactions were down on the month to €695,283. Portfolio Manager transactions fell by 9.8%, while manual transactions counterbalanced this with a 10.9% gain.
Overdue loan transactions were the only category with more volume in October, totaling €48,002 on the month, a gain of 53.3%. Manual transactions accounted for 91.4% of all overdue loan transactions in October.
Transactions of defaulted loans were relatively unchanged on the month, coming in at €22,577, slightly lower than the €23,394 transaction volume of September. This is the third straight month of almost identical defaulted loan transactions.
A steady market
The Bondora secondary market did not see much changes from a month ago. Manual transactions bucked the trend by increasing over 14%, showing the willingness of investors to seek out secondary market transactions on their own.
Always remember, investors should not seek higher returns from buying and selling loans on the Bondora secondary market.