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The secondary market for loans

36 (19.4%)

Increase in the minimum credit grade that may create a listing

8 (4.3%)

Publication of legal actions against defaulting borrowers

15 (8.1%)

Increase in loans servicing fees

14 (7.5%)

Increase in state rate caps

4 (2.2%)

A national Prosper license

8 (4.3%)

Increased options on the search loans feature

8 (4.3%)

more granular credit data

3 (1.6%)

Credit report from more than one credit reporting agency

15 (8.1%)

Reduced minimum bid size

7 (3.8%)

Lenders can create their own portfolios

14 (7.5%)

Lenders can publicize their portfolios for other lenders to follow

11 (5.9%)

Stock options for long-time lenders

2 (1.1%)

3rd loans for borrowers

7 (3.8%)

Borrower refinancing their loans directy

4 (2.2%)

Revolving credit loans

3 (1.6%)

The entry of corporate lenders

8 (4.3%)

Changes (unspecified) to loan verification

5 (2.7%)

Streamlined borrowing for AA-B credit grades

2 (1.1%)

Enhancements to the Friends and Endorsements program

2 (1.1%)

Complete elimination of groups

10 (5.4%)

Total Members Voted: 62

[HollowOak]

But if I do that, then I expect my concerns (and praise if due) to be posted on the Prosper.com forums without moderator meddling.

Good luck with that.

[Tokyo Joe]

Yep. 

[Mtnchick]

Just so everyone is aware, I am 100% ready and willing to sell all my loans on the borrowed amount (plus any interest ACCRUED, but no future interest) if there is a secondary market.

I want out. 

[HollowOak]

Just so everyone is aware, I am 100% ready and willing to sell all my loans on the borrowed amount (plus any interest ACCRUED, but no future interest) if there is a secondary market.

I want out. 

You'd have to sweeten the pot a bit there, MtnChick.

[ks6328]

Just so everyone is aware, I am 100% ready and willing to sell all my loans on the borrowed amount (plus any interest ACCRUED, but no future interest) if there is a secondary market.

I want out. 

You'd have to sweeten the pot a bit there, MtnChick.

I'm planning to offer all of my current loans at a discount from the remaining principal balance.  The amount of discount will be dependent on their past payment record.  For loans with 100% on-time payments, the discount will be small.

Assuming that the secondary market becomes available soon enough, I'll keep late loans until they default or become current.  If they become current, I'll sell them at that point.

If the secondary market becomes available late enough in the year that I would end up carrying late loans into 2009, I'll sell those at a major discount before the end of 2008.

Edit: added the word "principal" in the first sentence to clarify my meaning.
 

[Mtnchick]

Just so everyone is aware, I am 100% ready and willing to sell all my loans on the borrowed amount (plus any interest ACCRUED, but no future interest) if there is a secondary market.

I want out. 

You'd have to sweeten the pot a bit there, MtnChick.

OK, I'll toss in a night on the town

[HollowOak]

Just so everyone is aware, I am 100% ready and willing to sell all my loans on the borrowed amount (plus any interest ACCRUED, but no future interest) if there is a secondary market.

I want out. 

You'd have to sweeten the pot a bit there, MtnChick.

OK, I'll toss in a night on the town

A night on the town with you? I'm in.

[Mtnchick]

Just so everyone is aware, I am 100% ready and willing to sell all my loans on the borrowed amount (plus any interest ACCRUED, but no future interest) if there is a secondary market.

I want out. 

You'd have to sweeten the pot a bit there, MtnChick.

OK, I'll toss in a night on the town

A night on the town with you? I'm in.

You're going to just LOVE Barry Manilow

[HollowOak]

*bump*

[zcommodore]

Although I'm not certain, I think borrowers can already get 3 or more concurrent loans now.  The only reason they can't at this moment is because it has not yet been 6 months that they've been able to get a second.  Once the 6-month window rolls around, if they haven't yet reached the $25K maximum, all 2-loan borrowers who meet the payment requirements will be able to go for #3.

[ira01]

Although I'm not certain, I think borrowers can already get 3 or more concurrent loans now.  The only reason they can't at this moment is because it has not yet been 6 months that they've been able to get a second.  Once the 6-month window rolls around, if they haven't yet reached the $25K maximum, all 2-loan borrowers who meet the payment requirements will be able to go for #3.

Well, according to the Prosper help page:

How many loans can I have at once?

As long as you meet the requirements stated above, you may have up to two Prosper loans at once. Keep in mind that if you already have an active loan, Prosper lenders may consider you a higher risk than someone without an existing Prosper loan.

But who knows how much stock to put in that, since Prosper doesn't seem to update the help pages very promptly when things change.  For example, the help pages also still state that borrowers chosing the bank draft option pay an extra 1% in interest (which Prosper eliminated around a month ago), and that if borrowers communicate with lenders, it is entirely up to them how much personal information they wish to share.  Just another example of Prosper's incopmpetence -- is it really so difficult to update the help pages when Prosper changes something???

[ks6328]

But who knows how much stock to put in that, since Prosper doesn't seem to update the help pages very promptly when things change.  For example, the help pages also still state that borrowers chosing the bank draft option pay an extra 1% in interest (which Prosper eliminated around a month ago), and that if borrowers communicate with lenders, it is entirely up to them how much personal information they wish to share.  Just another example of Prosper's incopmpetence -- is it really so difficult to update the help pages when Prosper changes something???

Since they seem to have no idea what their help pages say, yes, it is difficult! 
 

[traveler505]

I've expanded on my predictions for Prosper Days 2008 on my blog:

http://blog.traveler505.com/2008/02/what-new-features-will-be-announced-at.html

(One more blog post, and I think I'm done for the week.  This blogging thing is too much work.)

[Spider5]

Well, here's how we fared.  There may be more new features announced at Prosper Days but there were several upgrades rolled out last night on the website.  We got the portfolio plans.  Lenders can also share their portfolios on their lender pages.  Other than that, we pretty much struck out.

Here's the list:

• Portfolio plans for everyone
• Social criteria added to search
• Bidding via API
• Bid source available in loan list
• 2nd loan criteria changed from 2 months to 6 months
• "Bank account verified" icon will go away
• Referral award for new borrowers raised from $35 to $50
• Washington DC interest rate caps raised to 24% while Arkansas, Delaware, Kentucky, and Tennessee have had interest rate caps lowered

[HollowOak]

Here's the list of pre=Prosper Days site "improvements" straigth from Andrew's mouth. Note that some of the things could still come, it would be a let-down if they were implemented before they were announced.