If traders can switch their loans... can lenders re-lend loans too in the future?
E.g. I see a very cheap loan on the market, borrow the money and put it out there for a higher interest rate. I would be more than able to pay the lower interest for the loan anyways...
It's ironic that you mention this. I was just thinking that it would be neat if the borrower's could request an extension on a particular loan without closing their position. Possibly for a 1% one time fee to the lender?
J.