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June 3rd, 2008 — , performance from j9359 @ j9359 (my prosper experience)
Both of the attempted payment pulls have disappeared, no big surprise. Corrected XIRR is 7.27%.And LendingStats has implemented some enhancements to correctly reflect the value of late loans and the “repurchased” loans from the new agency test. new L…
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Continue reading → Update to May results XIRR 7.27% not 7.35%
May 28th, 2008 — , bad loans, performance from j9359 @ j9359 (my prosper experience)
Not looking too good for this month, two just flipped from late to 1 month late. Here is a screen shot, not a pretty picture.One of the two is an E link so it isn’t too much of a surprise, has made 15 payments and has gone late before but not all the…
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Continue reading → Late loans keep on rolling in
May 27th, 2008 — , Lending Club, performance from Personal Loan Portfolio @ Personal Loan Portfolio
Sorry for being nearly as quiet as Lending Club lately. A quick update on my Lending Club portfolio is in order. Most importantly, I had my first late loan. It is only 16-30 days late, but as most P2P lenders know, once a P2P loan is delinquent there only a small probability of recovery. [...]
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Continue reading → My first late loan at Lending Club
May 13th, 2008 — , Prosper, performance from j9359 @ j9359 (my prosper experience)
Prosper has released it’s marketplace survey results for April 2008. You can read a copy here or go to Prospers blog and read about it along with comments by Chris Larson (CEO).Of course they put a positive spin on things and there is some good (but o…
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Continue reading → Prosper Marketplace Survey Results April 2008
April 2nd, 2008 — , ROI, deadbeats, performance from j9359 @ j9359 (my prosper experience)
One of two 3 month late loans flipped to 4+ months lateNot a real bad listing for an EBut the subsequent listing in Nov showed some desperation, oh well…..Not like this deadbeat: Pro226 who managed to manipulate the credit score to go from an E to an…
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Continue reading → ROI 6.75% as of April 2 down 1.35% in two days!
March 31st, 2008 — , lending, performance from j9359 @ j9359 (my prosper experience)
I just noticed a new feature on Eric’s called Borrower Segments that allows you to slice borrowers up by different categories. If you haven’t played around with it yet I highly recommend it.Try sorting by lender rate, I noticed something interesting (…
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Continue reading → Borrower Segments
March 10th, 2008 — performance from j9359 @ j9359 (my prosper experience)
In case you missed it Andrew from Prosper posted a comment on my post from a couple of days ago. And pointed out the following text on the performance help page.”However, in situations where there is inadequate data to calculate meaningful roll rates …
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Continue reading → Followup to previous post on Prosper ROI calculation
January 7th, 2008 — Announcements, Features, Lending Club, Statistics, intent, pages, performance, projections, ranking, reliable, section from Patrick Gannon @ Better Rates. Together.
We are focused on making our person-to-person lending site as simple and reliable as possible. As Barron’s wrote this weekend, Lending Club and other P2P lending sites strive to be “highly automated, remarkably transparent, and employ Web 2.0-era ways of matching borrowers to lenders.” To that end, we are releasing a series of improved [...]
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Continue reading → Lending Club Performance Updates
November 21st, 2007 — Features, Lending Club, Referral, email, functionality, months, performance, publish, question, yourscreenname from Rob Garcia @ Better Rates. Together.
What a busy couple of months it’s been! Everyone at Lending Club is thrilled to have grown our community so fast since our public launch slightly over two months ago.
I always mention how important your feedback and comments are to us, but the last couple of months have been particularly helpful to Lending Club [...]
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Continue reading → Lending Club’s Newest Features: Increasing Simplicity and Functionality