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Prosper subterfuge sets new record

It's official.The 4+ late that Prosper refuses to sell now total 1,569 loans for a total of $8,932,765.All default debt sale loans combined before this only total 1,566 for a total of $7,500,815.

You would be correct if you think that Prosper is keeping these loans from refleting correctly in the default category so that new lenders won't see how bad the defaults really are.

 

Not to fear.There are 1104 late loans from late - 3months late waiting in the pipeline.

 

How can you still lend?

http://www.prosper.com/lend/performance.aspx

 

All statistics taken from website owned by Prosper 

This entry was posted on July 8th, 2008 at 09:06:45 pm and is filed under General.

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