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Prosper.com late loan statistics update
traveler505:
--- Quote from: LoanChimp on December 17, 2007, 12:13:34 am ---
--- Quote from: Tokyo Joe on December 17, 2007, 12:11:52 am ---Significant improvement for loans made since since July-August...
--- End quote ---
groups, baby...
--- End quote ---
Group fees weren't eliminated until September 13. The change in slope begins with July loans.
LoanChimp:
--- Quote from: traveler505 on December 17, 2007, 02:12:01 am ---
--- Quote from: LoanChimp on December 17, 2007, 12:13:34 am ---
--- Quote from: Tokyo Joe on December 17, 2007, 12:11:52 am ---Significant improvement for loans made since since July-August...
--- End quote ---
groups, baby...
--- End quote ---
Group fees weren't eliminated until September 13. The change in slope begins with July loans.
--- End quote ---
The match reward was the first thing to go in the summer sometime. (June I think)
hcsader05:
Thank you for your work. Is chart referring to 1) percentage of loans currently late, or 2) percentages of loans that have been late but may have been brought current since?
cubbiesnextyr:
--- Quote from: hcsader05 on December 17, 2007, 11:40:58 am ---Thank you for your work. Is chart referring to 1) percentage of loans currently late, or 2) percentages of loans that have been late but may have been brought current since?
--- End quote ---
1.
GaAs:
--- Quote from: Tokyo Joe on December 17, 2007, 12:11:52 am ---Significant improvement for loans made since since July-August...
--- End quote ---
The key is the slope of the line, and the July/August/September lines have much shallower slopes.
There's also a clear gap between the loans originated in March 2007 and earlier, also in a positive direction.
The real question is whether this will continue, or whether the gaps will close with time.
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