zcommodore

Today is the last business day in August so all the data is in for the month and it ain't pretty.  Prosper has originated 25% less in loans this month than last, from ~$8 million down to ~$6 million.

I don't know what their recovery plan is but this is not good.  As you can see there has been a peak over the last few months that can be attributed to a significant amount of advertising but something has changed because whatever it was, it hasn't lasted.

Looking at some other statistics, a lot of other things have been going down too.

It's interesting that lenders are focusing more and more on smaller loans as the above graph shows.

Here's a graph I've posted before that shows the total number of loans broken down by credit grade:

Finally, a graph that I find most curious:

Based on this graph, it appears that lenders are funding a lot more HR loans than they used to.  I haven't really looked at the breakdown of what borrowers are requesting but for whatever reason, lenders are funding more and more E/HR loans than they have in quite some time.  AA & B grades have dropped at about the same rate as HRs have risen this past month.  After the super high default rates of these lower grades, I have no idea why so many of them are still funding.  It's not like it was back in their heyday at the end of 2006, still I find it amazing they are still getting loans.