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3718 late loans on Prosper.Out of 22481 loans.
Yes,thats no typo.There are 3718 loans that are late .
All the loans.
http://www.lendingstats.com/loans
If you ever thought about trusting the performance page on PMI,ask yourself why there are $7 million in 4+ lates not in their equation?
Did you see the Prosper advertisements.I wonder what that would do to those cherrypicked statistics if they had to default the $7 million in loans that are supposed to be there.
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1 comment
Comment from: cowdog [Member]
Those aren't even all the loans.
Add 66 more for the new testing.
Add (unknown amount) for 130 canceled or repurchased loans, which represents $780,000 in funds that either sat idle earning no interest, or required reinvestment earlier than desired, which merely increased lender's risk.
Add 66 more for the new testing.
Add (unknown amount) for 130 canceled or repurchased loans, which represents $780,000 in funds that either sat idle earning no interest, or required reinvestment earlier than desired, which merely increased lender's risk.
05/18/08 @ 15:37
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