tag:blogger.com,1999:blog-2211186543498959369.post2255752096782609688..comments2023-04-21T23:01:35.558-07:00Comments on Fred93's Blog: Prosper.com - 11/2009 late loan stats updateUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2211186543498959369.post-64476690806400957012011-03-12T10:02:48.889-08:002011-03-12T10:02:48.889-08:00I looked at the new auditor's web site. While ...I looked at the new auditor's web site. While I can not be certain, I suspect that the "smiling faces" belong to actors who posed for business-type stock photos. The people are too pretty and the photos are too perfect. <br />Is this relevant? Probably not. Just one of those things that takes away credibility for me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2211186543498959369.post-55298615530829382572009-12-07T05:16:26.399-08:002009-12-07T05:16:26.399-08:00Since Prosper loans are supposed to amortize after...Since Prosper loans are supposed to amortize after 3 years at some point will you stop extending the chart? At some point the data set is composed only of loans that are paid off, defaulted, and a decreasing number in limbo (sending in sporadic payments). Is it really worth stretching out the graph forever?Mr. Outspokenhttps://www.blogger.com/profile/15085388568965402121noreply@blogger.comtag:blogger.com,1999:blog-2211186543498959369.post-8453838412213566222009-12-06T00:53:22.889-08:002009-12-06T00:53:22.889-08:00I cringe at that 45% late rate. WTF??!!!
:[
So ...I cringe at that 45% late rate. WTF??!!!<br /><br />:[<br /><br />So sad. I wish I had read up on this before. I did most of my lending in LendingClub.com but I haven't seen anything in their data which shows otherwise as you saw on my blog.Jefferson Kimhttps://www.blogger.com/profile/07467374016300581179noreply@blogger.comtag:blogger.com,1999:blog-2211186543498959369.post-32363926826377319542009-12-05T10:56:38.633-08:002009-12-05T10:56:38.633-08:00Nearing the end of my relationship with Prosper, I...Nearing the end of my relationship with Prosper, I should point out that while I do not disagree with any of your issues with Prosper, there is one small point that should be kept in mind when looking at your statistics.<br /><br />Some loans go late over time. As such they have repaid some of their P&I and the hit to investors' pockets are smaller than the entire invested amount. This serves to (only slightly) ameliorate the poor performance that your charts highlight.Old Stumphttps://www.blogger.com/profile/16296632815448423412noreply@blogger.com