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Author Topic: February 2010 Originations  (Read 18607 times)

pjz

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Re: February 2010 Originations
« Reply #15 on: March 07, 2010, 06:46:54 pm »
Is the "$17K annual income for Prosper" a typo?

Quote from: blue on March 01, 2010, 08:03:23 pm
Quote from: Urbi_et_Orbi on February 26, 2010, 02:11:59 pm
Total originations for the month of February 2010: $1,718,105

So does that means $17K in income for Prosper for the Month? (What % do they have to pay Web Bank)?
And $17K annual income for Prosper?


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blue

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Re: February 2010 Originations
« Reply #16 on: March 09, 2010, 01:40:33 pm »
Quote from: pjz on March 07, 2010, 06:46:54 pm
Is the "$17K annual income for Prosper" a typo?

Quote from: blue on March 01, 2010, 08:03:23 pm
Quote from: Urbi_et_Orbi on February 26, 2010, 02:11:59 pm
Total originations for the month of February 2010: $1,718,105

So does that means $17K in income for Prosper for the Month? (What % do they have to pay Web Bank)?
And $17K annual income for Prosper?



$1,718,105 * .01 = $17,181.05
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Urbi_et_Orbi

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Re: February 2010 Originations
« Reply #17 on: March 09, 2010, 01:42:29 pm »
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Mothandrust: "Why's he off the ballot in Colorado but it's OK for the other 48 states and Hawaii to vote for him"
https://www.prospers.org/forum/index.php?topic=37264.msg807090#msg807090

Senator

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Re: February 2010 Originations
« Reply #18 on: March 09, 2010, 06:12:45 pm »
Just to clarify: The title of the article sugests the growth rate is slowing when originations are actually shrinking.  So the growth rate is negative.
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Stats as of 12/29/2010:
Total withdrawals: $3,488.87 minus (-) Total deposits: $3,600.00 = ($111.13)
Cash balance: $0
Principal value of active notes:  $0
Total active notes: 0 of 70.

Successful loans are made to persons who are on a clear path to financial stability. -Mjerryfirst May 18th, 2008.

I know that when I make my 10% those "unbelievers" will call it luck cause that will be the easiest way to excuse their mistakes. -Researchpro May 5th, 2009.

It's a great time to be poor and irresponsible in America. -PPT May 2009

Urbi_et_Orbi

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Re: February 2010 Originations
« Reply #19 on: March 09, 2010, 06:40:09 pm »
Quote from: Senator on March 09, 2010, 06:12:45 pm
Just to clarify: The title of the article sugests the growth rate is slowing when originations are actually shrinking.  So the growth rate is negative.

Yes, but what else did you expect from the "future bloggers of America" over at American Banking News?
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Mothandrust: "Why's he off the ballot in Colorado but it's OK for the other 48 states and Hawaii to vote for him"
https://www.prospers.org/forum/index.php?topic=37264.msg807090#msg807090

baeventures

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Re: February 2010 Originations
« Reply #20 on: March 25, 2010, 12:42:08 pm »
Quote from: blue on March 09, 2010, 01:40:33 pm
Quote from: pjz on March 07, 2010, 06:46:54 pm
Is the "$17K annual income for Prosper" a typo?

Quote from: blue on March 01, 2010, 08:03:23 pm
Quote from: Urbi_et_Orbi on February 26, 2010, 02:11:59 pm
Total originations for the month of February 2010: $1,718,105

So does that means $17K in income for Prosper for the Month? (What % do they have to pay Web Bank)?
And $17K annual income for Prosper?



$1,718,105 * .01 = $17,181.05


Great math there. Except that Prosper's loan initiation fee is well above 1%.

$1000-$1600 = $50 Initiation Fee = Range 5%-3.125%
$1700-$25000 = 3% Initiation Fee

Therefore:

$1,718,105 * .03 = $51,543.15 (only $500,000 shy of breaking even!)

BAEVentures
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bamalucky

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Re: February 2010 Originations
« Reply #21 on: March 25, 2010, 12:43:44 pm »
I think you need to check yours again..

ETA: About 25% of loans are AA & carry a .5% charge
« Last Edit: March 25, 2010, 12:49:52 pm by bamalucky »
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There are no stupid questions, just stupid people.

baeventures

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Re: February 2010 Originations
« Reply #22 on: March 25, 2010, 04:52:12 pm »
According to their loan calculator, your credit score is no longer a factor... That is according to the loan calculator on Prosper.com located http://www.prosper.com/loans/calculator.aspx . Your credit grade used to matter, it appears as though it no longer does...

BAEVentures
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bamalucky

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Re: February 2010 Originations
« Reply #23 on: March 25, 2010, 04:58:14 pm »
Quote from: baeventures on March 25, 2010, 04:52:12 pm
According to their loan calculator, your credit score is no longer a factor... That is according to the loan calculator on Prosper.com located http://www.prosper.com/loans/calculator.aspx . Your credit grade used to matter, it appears as though it no longer does...

BAEVentures

Click this link  http://www.prosper.com/help/contextual/fees.aspx

Quote
Fees Borrowers Pay

Closing fee
The closing fee is a percentage of the amount borrowed and varies by Prosper Rating:

AA: 0.50% with no minimum
A-HR: 3.0% or $50, whichever is greater

ETA: Fee history  http://www.prosper.com/welcome/fee_history.aspx
« Last Edit: March 25, 2010, 05:00:03 pm by bamalucky »
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big-al

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Re: February 2010 Originations
« Reply #24 on: March 25, 2010, 05:00:54 pm »
Quote from: baeventures on March 25, 2010, 04:52:12 pm
According to their loan calculator, your credit score is no longer a factor... That is according to the loan calculator on Prosper.com located http://www.prosper.com/loans/calculator.aspx . Your credit grade used to matter, it appears as though it no longer does...

BAEVentures

you need to read the small print:
Quote
* APR and Loan closing fee will be lower and Amount financed higher if your Prosper Rating = AA. Learn more about Prosper Ratings.
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VT2VA

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Re: February 2010 Originations
« Reply #25 on: March 25, 2010, 07:36:20 pm »
Speaking of possible shill activity - does anyone know who/what "blot44" is?  "blot44" is either the seller or bidder on a lot of the AA notes listed on Folio.  This guy seems to be churning these AA notes, often buying them, then reselling at a small loss.  Is Prosper trying to pump up apparent liquidity on Folio, or this this just some random guy amusing himself with losing trades?
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Senator

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Re: February 2010 Originations
« Reply #26 on: March 25, 2010, 07:38:36 pm »
Quote from: cwarren on March 25, 2010, 07:36:20 pm
Speaking of possible shill activity - does anyone know who/what "blot44" is?  "blot44" is either the seller or bidder on a lot of the AA notes listed on Folio.  This guy seems to be churning these AA notes, often buying them, then reselling at a small loss.  Is Prosper trying to pump up apparent liquidity on Folio, or this this just some random guy amusing himself with losing trades?
There's a bidding shill too - search this site for "Reflective-Rupee"
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Stats as of 12/29/2010:
Total withdrawals: $3,488.87 minus (-) Total deposits: $3,600.00 = ($111.13)
Cash balance: $0
Principal value of active notes:  $0
Total active notes: 0 of 70.

Successful loans are made to persons who are on a clear path to financial stability. -Mjerryfirst May 18th, 2008.

I know that when I make my 10% those "unbelievers" will call it luck cause that will be the easiest way to excuse their mistakes. -Researchpro May 5th, 2009.

It's a great time to be poor and irresponsible in America. -PPT May 2009

VT2VA

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Re: February 2010 Originations
« Reply #27 on: March 25, 2010, 07:51:03 pm »
Oh yeah - I know RR.  I just haven't seen any chatter on here about Folio shilling.  I was wondering if anyone had the same suspicions.
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Fred93

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Re: February 2010 Originations
« Reply #28 on: March 25, 2010, 07:59:33 pm »
Quote from: cwarren on March 25, 2010, 07:36:20 pm
Speaking of possible shill activity - does anyone know who/what "blot44" is?  "blot44" is either the seller or bidder on a lot of the AA notes listed on Folio.  This guy seems to be churning these AA notes, often buying them, then reselling at a small loss.  Is Prosper trying to pump up apparent liquidity on Folio, or this this just some random guy amusing himself with losing trades?

Owns pieces of 2024 loans per Eric's.  Wow!  I'll bet she doesn't have a spreadsheet to track 'em all.  $42,701 loaned.  Avg loan age 675 days.  Eric's estimated ROI = -0.10%

Great ROI, eh?
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bluestar148

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Re: February 2010 Originations
« Reply #29 on: March 25, 2010, 10:13:39 pm »
Quote from: cwarren on March 25, 2010, 07:51:03 pm
Oh yeah - I know RR.  I just haven't seen any chatter on here about Folio shilling.  I was wondering if anyone had the same suspicions.

How can you shill FOLIOfn. You don't bid. You buy at the asking price.
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