"Anyone who really follows the company closely knew in November that they were almost certainly going to hold loans for longer than 6-8 months."
I don't really agree with this part.
In hindsight, I will agree with this in that it makes sense, but I wouldn't agree back then.
I would definitely agree back then that they will eventually consider holding loans for longer and perhaps start adding PL to their HFI portfolio. I would also agree back then that the SL numbers don't make sense with the 6-7 month hold (I looked at them back then but chucked it out thinking I might be looking at the wrong numbers or calculating something wrong).
"Anyone who really follows the company closely knew in November that they were almost certainly going to hold loans for longer than 6-8 months."
I don't really agree with this part.
In hindsight, I will agree with this in that it makes sense, but I wouldn't agree back then.
I would definitely agree back then that they will eventually consider holding loans for longer and perhaps start adding PL to their HFI portfolio. I would also agree back then that the SL numbers don't make sense with the 6-7 month hold (I looked at them back then but chucked it out thinking I might be looking at the wrong numbers or calculating something wrong).