These charts show statistics for the performance of all prosper.com loans. Each curve represents the set of loans that were created in one calendar month. The vertical axis is the fraction of those loans that have "gone bad", in other words are 1 month late or worse (up to and including default or "charge off" as it is now called). The horizontal axis is the observation date. All data comes from Prosper.com's performance web page.
The worst month so far is still October '06. Of the loans originated by Prosper.com in October'06, 44.2% have now gone bad.
Feb '07 is comin' up fast with 43.9% gone bad so far.
More detail can be found in my earlier posts.
Here's a chart of the same data in which each curve has been slid to the left to a common origin. The horizontal axis is now days since loan origination month.
Explanation of methodology can be found in my prior postings in this blog, and in forum discussions on the old prosper forum, now archived at www.prosperreport.com
Many of the very early posts in this blog are still on point, and provide background on prosper, from a lender's perspective. If you're new to this, please read old posts before sending questions.
Not much news from prosper.com this month. Lenders have not yet heard from new Prosper executive Nick Talwar.
Prosper needs a cash infusion from venture capital source within the next few months. Difficult to predict with precision, but the deadline must be coming up pretty soon now. Maybe end of January? If they become frugal, perhaps the cash could last a little longer. They must be desperately be searching for funds.
PS: Best discussion among P2P and Prosper.com lenders is always found on prospers.org. See you there