Prosper's defaults thus far are the following:
Default Type # of Loans $ Value
Bankruptcy 54 300,651
Delinquency 1355 5,813,552
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TOTAL 1409 6,114,203
I thought it would be interesting, now that the LoanPerformance table reveals such nuggets of wisdom, to try to figure out how many of these never paid down one penny of principal.
According to my analysis, there are 170 such zero-pay deadbeats (they might have paid some late fees or interest, but no principal), and, interestingly, they are all DQ defaults, and not BK defaults.
Total dollar value of zero-pay defaults = $626,743, a bit over 10% of the total default volume.
In case anyone is wondering, I calculated the total principal payments made for all defaulted loans to be $501,424.26.
I'd really like to see someone else do this analysis using the LoanPerformance object to independently validate my numbers, because I'm hardly positive my methodology is correct.