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[bamalucky]

$6,072,776 loans for the month of August 2008
$6,575,648 for Aug 1-30 2007

[bamalucky]

979 loans in 2007 Average loan size $6717.00


1202 in 2008 Average loan size $5455.00

[Xenon481]

Nominating this thread to The Lobby.

[bamalucky]

Nominating this thread to The Lobby.

Fine with me

I edited the thread because Feb 2008 dropped too,but this was blamed for all the lenders being at Prosper Days.. 

[zcommodore]

http://www.prospers.org/blogs/zcommodore/2008/08/29/prosper_loans_dropped_25_in_august

[mhs505]

$6,072,776 loans for the month of August 2008
$6,575,648 for Aug 1-30 2007

I edited the thread because Feb 2008 dropped too

Let me get this straight ... there have been almost 8 full months in 2008, and the originations of only two months have declined?   (Your words, I haven't looked at the numbers.)  But you choose the title of this thread as "Year over year loan originations decline?"   

[bamalucky]

MHS,you aren't making any sense as usual.

Growth is measured year over year.

If you want to measure monthly decline,the last 3 months have declined.

Stolen from Zcommodores blog

[Urbi_et_Orbi]

MHS,you aren't making any sense as usual.

Growth is measured year over year.

If you want to measure monthly decline,the last 3 months have declined.

Stolen from Zcommodores blog

That graph is starting to look like The Golden Gate. 

Mhs - Bama is right.  Year to year growth is measured...year to year.

[mhs505]

Love the personal attack there ...

But your clarification that is NOT what you said.  You compared August 2008 to 2007 and used that as evidence of year over year decline.

   

$6,072,776 loans for the month of August 2008
$6,575,648 for Aug 1-30 2007

[bamalucky]

It is a year over year decline.

Have you ever heard a financial announcement?  Growth is measured year over year.

[Mark12547]

When there are seasonal variations, comparing this month to the month a year ago, or this quarter to the quarter a year ago is pretty common, not just in financial circles, but also in other circles. For example, the community college I work for compares Fall Term numbers to last year's Fall Term numbers to see how we are doing, and likewise Winter Term to Winter Term a year ago.

By comparing to a year ago, seasonal variations are automatically accounted for (e.g., summer vacation effect on bidding and funds available) without having to come up with a model that adjusts for seasonal variations. Besides, Prosper doesn't have a long enough history to be able to predict seasonal variations.

Looking at month-after-month numbers is also useful, but without a long history, one really doesn't know how much of month-after-month changes are due to seasonal variations.

[moremoneymarc]

poof

[DakotahFury]

Love the personal attack there ...

But your clarification that is NOT what you said.  You compared August 2008 to 2007 and used that as evidence of year over year decline.

   

$6,072,776 loans for the month of August 2008
$6,575,648 for Aug 1-30 2007

Where's the confusion here?

[ira01]

$6,072,776 loans for the month of August 2008
$6,575,648 for Aug 1-30 2007

There's still time -- I predict Prosper will be putting in some overtime today and tomorrow to try to originate another $503K (although that will probably not be possible).

[112233]

competition a factor? perhaps if we could look at how the major competitors have done as well.