Print

[Fred93]

Fred has updated his blog tonite.  with latest Prosper late loan statistics.

http://fred93blog.blogspot.com/2010/03/prospercom-022010-late-loan-stats.html

Not much to say.  The worst month is now at 45.3% loans gone bad!

The meat...





Nominate for lobby.

[ResearchPro]

P3 defaults percentage seem to be less...

[ira01]

Fred has updated his blog tonite.  with latest Prosper late loan statistics.

http://fred93blog.blogspot.com/2010/03/prospercom-022010-late-loan-stats.html

Not much to say.  The worst month is now at 45.3% loans gone bad!

The meat...

How come this graph only goes through Oct. 09 originations?  November loans would have had their first payments due in December, and could have gone 1-month late in January, so it would seem those should be included -- and even the December 09 originations, since they could have gone 1-month late in February.

Also, how come the oldest originated loans on the second 1-month late graph (the one with all the lines shifted over to the left with the X-axis reflecting days after origination) is August 08?  I think that graph would be the best for comparing Prosper 3.0 performance.

Hmmm, seems to be a trend developing for the last four months -- I wonder if RP can see that one?  

ETA:  Seconded for Lobby -- But considering the long history of posting these monthly updates in the Lobby (where they obviously belong), I can't think of a more unnecessary and silly exercise than soliciting feedback on the Lobby-worthiness of these updates.  Just post them in the Lobby initially, for Pete's sake. 

[Fred93]

How come this graph only goes through Oct. 09 originations?  November loans would have had their first payments due in December, and could have gone 1-month late in January,

I was lazy.  Nov would have been a little tiny line.  You wouldn't have been able to see much.  I'll add it next time.

Also, how come the oldest originated loans on the second 1-month late graph (the one with all the lines shifted over to the left with the X-axis reflecting days after origination) is August 08?  I think that graph would be the best for comparing Prosper 3.0 performance.

I was planning to break that chart in two, separating out the P3 loans.  Just haven't done it yet.  I figured if I put 'em together it would just be too busy.

Seconded for Lobby -- But considering the long history of posting these monthly updates in the Lobby (where they obviously belong), I can't think of a more unnecessary and silly exercise than soliciting feedback on the Lobby-worthiness of these updates.  Just post them in the Lobby initially, for Pete's sake. 

Just tryin' to follow the (recently clarified) forum rules.

[ira01]

Also, how come the oldest originated loans on the second 1-month late graph (the one with all the lines shifted over to the left with the X-axis reflecting days after origination) is August 08?  I think that graph would be the best for comparing Prosper 3.0 performance.

I was planning to break that chart in two, separating out the P3 loans.  Just haven't done it yet.  I figured if I put 'em together it would just be too busy.

Since it seems like the P3 loans will perform better, they will stick out from the P1 loans anyway.  I wouldn't separate them, because that makes it harder to see the difference in performance (assuming there is a significant difference).

[God-Father]

Fred

Please consider deleting the months that have no data.

[Capital_Finance_Group]

P3 defaults percentage seem to be less...

The fact that the upward curve does not appear currently to be as steep on P3 loans as on prior loans does not give me hope. It is still early in the game for P3 Loans and the upward curve is still quite upward IMHO.

[NewHorizon]

Fred

Please consider deleting the months that have no data.

I don't know how you'd do that without also deleting the data points for the loans preceding the data-less months.

[Xenon481]

P3 defaults percentage seem to be less...

I wouldn't be too sure about that. The curve for the September 2009 loans is starting to look similar to the curve for the July 2008 loans.

[Staneslav]

a

[Senator]

Thanks Fred.

Is this the first time 46% appeared on the Y-Axis?

With 2010 month-to-month loan volume decreasing it's hard to see Prosper surviving.

[NewHorizon]

Now their marketing is a horrible failure.

I wouldn't blame it all on their marketing folks.