« $7,223,621 in 4+ late loans.Sell these loans to the debt buyer before they lose more value!!!!!Since i blogged 9 days ago Prosper now has $6,960,044 in 4+ late loans »

3718 late loans on Prosper.Out of 22481 loans.

Yes,thats no typo.There are 3718 loans that are late .

http://www.lendingstats.com/loans?_los=1&_los=2&_los=3&_los=12&_los=13&_los=14&_ros=4&_ros=5&_ros=6&_ros=7&_ros=8&_ros=9&_ros=10&_ros=11&_ls=1&_ls=2&_ls=3&_ls=4&_ls=5&_ls=6&_ls=7&_ls=8

 

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. 

 

 

This entry was posted on May 18th, 2008 at 03:26:15 pm and is filed under General.

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1 comment

Comment from: cowdog [Member] Email
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.
05/18/08 @ 15:37

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