Any bets on it hitting 50%?
1 out of every 2 loans Prosper made that month going to default.
Wow.
I think there is just about no chance that it WON'T hit 50% -- with the first payment on those loans due in March 2007, we are just now hitting the two-thirds point on those loans' term. No doubt a number of loans from that month will continue to go bad for the next year (we know from Fred93's graphs that there is no leveling off of of loans going bad), making it pretty much a foregone conclusion that 50% will be hit. A better question is whether that month will hit 60%.
