$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?"
"Year over year" doesn't mean that you are comparing a year's worth of results. It means that you are comparing a period of time this year (typically a month, but sometimes a quarter) to the same period of time last year. So Bama's usage was correct -- for the month of August, Prosper (at least as of now) is showing a year over year decline.
Incidentally, using LS data (which goes by when a loan originates, rather than when a listing was started as Eric's does), which is I believe what Bama is using, August looks like it will be the THIRD monthly year over year decline this year (after March and April). That will be 3 out of the last 6 months, which probably has the VC shitting their pants (so to speak). While that would be bad for any company, it is mindblowingly bad for a relatively young internet company (especially one whose CEO is on record as saying that originations need to increase 400-500% just to break even).