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Author Topic: Only 2 loans on track to fund within the next 24 hours  (Read 22937 times)

Urbi_et_Orbi

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Only 2 loans on track to fund within the next 24 hours
« on: August 17, 2009, 12:16:30 pm »

For a total amount of $9,000.

Prosper and their VCs must be thrilled.
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bankomatic

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #1 on: August 17, 2009, 12:19:15 pm »

For a total amount of $9,000.

Prosper and their VCs must be thrilled.

That's just sad.

ira01

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #2 on: August 17, 2009, 12:56:29 pm »

I wonder how much is due to lenders finally waking up about Prosper, and how much is due to Prosper only being open to lenders in a subset of states.  Although given the dismal statistics, I would have to think it is more the former than the latter.
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NewHorizon

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #3 on: August 17, 2009, 01:04:19 pm »

For a total amount of $9,000.

Prosper and their VCs must be thrilled.

Well the steep 3% origination fees oughtta keep the bottom line looking good.

(not)
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ira01

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #4 on: August 17, 2009, 02:25:41 pm »

For a total amount of $9,000.

Prosper and their VCs must be thrilled.

Well the steep 3% origination fees oughtta keep the bottom line looking good.

Well, $270 here, $270 there, pretty soon you're talking about real money!  ;D
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TotoMMB

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #5 on: August 17, 2009, 02:49:40 pm »

For a total amount of $9,000.

Prosper and their VCs must be thrilled.

Well the steep 3% origination fees oughtta keep the bottom line looking good.

Well, $270 here, $270 there, pretty soon you're talking about real money!  ;D
Don't forget the pennies they collect from each payment...
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ira01

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #6 on: August 17, 2009, 04:49:03 pm »

For a total amount of $9,000.

Prosper and their VCs must be thrilled.

Well the steep 3% origination fees oughtta keep the bottom line looking good.

Well, $270 here, $270 there, pretty soon you're talking about real money!  ;D
Don't forget the pennies they collect from each payment...

Assuming the borrowers bother to MAKE a payment.  :ninja:
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NewHorizon

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #7 on: August 18, 2009, 08:03:19 am »

Separately, ericscc shows anton with 100+ bids outstanding worth $3K+.

Not sure, but I think that makes him (or his automated portfolio plan) about the most active Prosper lender.
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God-Father

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #8 on: August 18, 2009, 08:51:32 am »

He is #1, but there are a bunch of very active bidders, including JGuide .........

# Screen Name       Recent Bids
1       anton                 282
2       Syzygy               281
3       Artist_Blue          261
4       lagnisiruk             254
5       Credit2Prosper     251
6       money-expert      249
7       fortytwo             247
8       mathprof             228
9       puifais                222
10     888168               213
11     cyberie21            208
12     unclejaef             199
13     GElender              199
14     bchen78875         189
15     zeelender            186
16     rjleves                186
17     gilbow                 173
18    JGuide                    170
19     decisive-capital    166
20     elated-justice       163
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NewHorizon

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #9 on: August 18, 2009, 09:03:35 am »

He is #1, ....

Being your own best customer probably isn't a good thing.
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TotoMMB

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #10 on: August 18, 2009, 01:09:32 pm »

He is #1, ....

Being your own best customer probably isn't a good thing.

Hey, ppl have been calling for some skin in the game...this should count. Unless all of the bids are to send his pops to Hawaii again.
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God-Father

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ira01

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #12 on: August 19, 2009, 12:34:14 pm »

Just found this graph of Top-Ten-Bidders (Last 30 days) at Eric's........

Some people never learn:

1      anton      4.49%     
2    Syzygy    -2.60%
3    lagnisiruk    -1.08%
4    Artist_Blue    -5.81%
5    Credit2Prosper    -0.19%    
6    money-expert    26.41%    
7    fortytwo    -1.14%    166    
8    mathprof    1.82%    297    
9    puifais    -6.25%    82    
10    888168    8.69%    102    

Six of the top 10 have NEGATIVE Eric's ROI's, and of the 4 that don't, one (the one with an ROI of 26.41%) has an average loan age of EIGHT DAYS.  The person with the 8.69% ROI similarly has a too-young portfolio to draw any conclusions -- 219 days. 

Lender Puifas is an interesting case.  He/she made 11 loans from October 14-16, THREE of which have already defaulted.  Apparently not deterred, he/she has since made 71 more loans since Prosper's re-opening.   :o  A number of them have very high rates for their credit grades.  I predict a world of hurt for this lender.
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ira01

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #13 on: August 19, 2009, 12:35:32 pm »

Nominate for Lobby.
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Mtnchick

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Re: Only 2 loans on track to fund within the next 24 hours
« Reply #14 on: August 19, 2009, 02:01:22 pm »

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