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Yes

11 (25.6%)

No

21 (48.8%)

I don't know

8 (18.6%)

WGAF

3 (7%)

Total Members Voted: 43

[onthefence]

I'd love to post poll on Prosper.com's main site, but we know how they don't allow anything that isn't totally upbeat and in step with the company message.

In any case, here is the latest from lendingstats.com in terms of loans funded:
http://www.lendingstats.com/loansFunded

Prosper seems to be doing a little bit better since they opened up all^(iLie) states.  But funded loans still seem to be essentially flat.  They might need another round of Venture Capital.  Banks are looking pretty weak right now & don't appear to be in the position to take over a venture like this that isn't a proven money maker.  Who else might go for it?  I don't know.

2nd in-thread follow up question:
Of course Prosper has promised us that they have a loan servicing company set up to continue servicing the loans should prosper falter.  Since the correction of lates depends heavily on active follow up & management (something I suspect a 3rd party servicer won't give two rats asses about), does it appear the only safe^[TM] lending option on prosper right now is to lend to the low default percentage prime loans?

[ira01]

In any case, here is the latest from lendingstats.com in terms of loans funded:
http://www.lendingstats.com/loansFunded]

Still a few days left, but it appears almost certain that this will be Prosper's second ever (and second in a row) year-over-year monthly decline in originations.  I would have to think that the VC's are extremely unhappy with Prosper.

[Fred93]

I'd love to post poll on Prosper.com's main site, but we know how they don't allow anything that isn't totally upbeat and in step with the company message.

Yea.  Its a shame.

funded loans still seem to be essentially flat.  They might need another round of Venture Capital. 

A question along these lines was asked at the PD08 roundtable.  Video now available.  This question is near the end.  CL answered it reasonably well.  Paraphrasing ... they paused to make course corrections.  
http://video.google.com/videoplay?docid=6390773547906014108&q=source:009202849274375048664&hl=en

[iLIE]

Next month will go up though..These new changes will be good for loans funded.

The bank deal plus instant transfers will help all the impulse buyers

[onthefence]

Next month will go up though..These new changes will be good for loans funded.

It would be nice to think this would make a complete turn around, but I wouldn't bank on it.

The bank deal plus instant transfers will help all the impulse buyers

Are you suggesting that Prosper has finally properly identified their target lender population?

[Beachey]

<poof>

[iLIE]

If PMI goes BK we are screwed since PMI owns the loans.

These loans we thought we owned would be used to pay creditors.

[Mark12547]

If PMI goes BK we are screwed since PMI owns the loans.

These loans we thought we owned would be used to pay creditors.

How do we know that we don't own the Notes? While I have speculated on the possibility that a bankruptcy judge may decide we don't own the notes since we don't own anything but the income stream, I haven't stated that we do not own them--I just don't know.

[Beachey]

<poof>

[112233]

If PMI goes BK we are screwed since PMI owns the loans.

These loans we thought we owned would be used to pay creditors.

How do we know that we don't own the Notes? While I have speculated on the possibility that a bankruptcy judge may decide we don't own the notes since we don't own anything but the income stream, I haven't stated that we do not own them--I just don't know.

if prosper says you own them, then you own them. if prosper says you don't own them anymore, you don't own them anymore. just do what prosper says, and everything will be fine .. ok buddy?