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[Fred93]

Yawn.  (Its late here.)   Fred just updated his blog with the June 1 Prosper stats.

The latest blog update...
http://fred93blog.blogspot.com/2009/06/prospercom-060109-late-loan-stats.html

The meat...

[CleanRivers]

Thanks Fred.

[cowdog]

I have to admit I didn't think the default rate would be this high.

All loans that are aged enough to have repaid principal have a minimum 30% default rate.

Yikes.

[xraider]

Those curves are still scary steep. 

Thanks, Fred.

[NewHorizon]

Those curves are still scary steep.  

And how many times has Fred put up a chart where somebody opines, "I think it's leveling off...."?  

[Senator]

And how many times has Fred put up a chart where somebody opines, "I think it's leveling off...."?  

Well..... Those 05/2006 loans should be leveling off in just a few more months.

ETA: Thanks Fred.

[Mark12547]

And how many times has Fred put up a chart where somebody opines, "I think it's leveling off...."?  

Well..... Those 05/2006 loans should be leveling off in just a few more months.

   

Hopefully Prosper will remain in business long enough for us to see the numbers.

ETA: Thanks Fred.

+1

[bankomatic]

Thanks for the update. It looks like the pain stops at 40% or so.