701 defaulted loans have been sold to debt buyers for prices ranging from 2.8% to 14.5% of principal. This is the largest debt sale on Prosper with more than twice as many late loans sold as the previous largest debt sale three months ago.Here are the…
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Debt sale on Prosper: 701 loans
December 27th, 2007 — Prosper, debt sale, homeowner, prosper news from tom @ Prosper Lending Review
309 late loans sold in Prosper debt sale
August 29th, 2007 — Prosper, debt sale, default, homeowner from Matt @ Prosper Lending Review
Over the past week Prosper conducted their third debt sale. Prosper’s policy is to default loans and sell them once they are more than 3 months late. However, in order to conduct a debt sale they need to pool a significant number of loans together to…
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July 31st, 2007 — Prosper, homeowner, lending strategy, real estate from Matt @ Prosper Lending Review
With all the recent troubles in the housing market, some lenders are starting to ask whether homeowners are a higher risk than non-homeowners when lending on Prosper. In the housing market the biggest problem homeowners are facing is when ARM or adjus…
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Continue reading → Are non-homeowners a safer lending risk in a declining house market?
