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July 21st, 2008 — , Features, Lenders, Lending Club, Site Review, account management, busy at work, conclusions, group loans, loan performance, long time, money, monthly statements, motivation, portfolios, quiet period from RateLadder @ Rate Ladder
A few weeks ago Rob Garcia at Lending Club announced updates to the lending account management features. I apologize it has taken me this long to cover the update, but I have been busy at work and frankly without lenders having the ability to lend money I was lacking motivation. Well I got to it [...]
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Continue reading → Lending Club Updates Lending Functionality
May 19th, 2008 — , Prosper, portfolios from Mike @ Prosperous Land Blog
Prosper sent out a monthly newsletter that hit my email box today. The most astounding thing has been the rather notable fall in the portfolio ROI.
I had a hard time believing that the conservative portfolio estimated return had dropped to 5.10%. I re…
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Continue reading → Prosper Newsletter: Portfolio ROI Falls
April 16th, 2008 — , Prosper upgrade, bidding guidance, portfolios from Mike @ Prosperous Land Blog
In addition to the large changes announced yesterday, Prosper swept a few changes in more quietly. Specifically, they tweaked with their portfolio slices and drastically increased the number of bins used for lender bidding guidance.
First, the portfol…
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Continue reading → Prosper Changes Bidding Guidance & Portfolios Too
March 6th, 2008 — portfolios, risk factor from Mike @ Prosperous Land
As I had previously observed, Prosper seems to have more lenders chasing loans than there are borrowers to take the money for some classes of loans. One such class encompasses just about anything that’s inside one of Prosper’s standard portfolios. If a…
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Continue reading → Simple Receipe For 100% Funded Prosper Loan
February 29th, 2008 — Prosper, Prosper income, Statistics, portfolios from Mike @ Prosperous Land
After a strong showing in January, Prosper’s monthly loan totals have dropped to about $5.7 million. With this disappointing return, I started digging through the loan activity to find some likely culprits. I think Prosper is having problems delivering…
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Continue reading → So Why The Weak February Loan Numbers?
February 27th, 2008 — Prosper, portfolios from Mike @ Prosperous Land
Prosper had an interesting disclaimer on their estimated loss information associated with the portfolio plans.
1 Estimated average annualized loss rate based on the historical performance of Prosper loans for borrowers with similar characteristics…
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Continue reading → Interesting Portfolio Date Range
February 1st, 2008 — Lenders, Statistics, bidding guidance, portfolios from Mike @ Prosperous Land
LoanChimp has taken to writing about Prosper’s statistics behind the portfolios and lender bidding guidance. They’re good reads and worth understanding if you’re interested in more than push-button lending. This is not to say that Prosper’s advances he…
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Continue reading → Chimp’s Take On Portfolios and Guidance
December 7th, 2007 — Prosper, default, portfolios, risk factor from Mike @ Prosperous Land
This was a guest post on Prosper’s new blog.
When Prosper created their portfolio plans, they added a tool to help new lenders enter the marketplace. It assembles a portfolio of loans whose only objective is to track the average loan return in the spe…
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Continue reading → Digging For Gold Around Prosper’s Portfolios
December 5th, 2007 — Lenders, Statistics, portfolios from Mike @ Prosperous Land
Prosper refreshed the statistics for the bidding and portfolio ROI in the last day or so. The new statistics are for loans underwritten between June 1, 2006 and Sept 30, 2007 as viewed from Oct 31, 2007. Prosper Andrew has suggested that it takes sever…
Continue reading → Hiccup In Portfolio ROI Estimation
October 13th, 2007 — Financial Education, Lending Club, driven, modifiers, moving, portfolios, reflects, steadily, yield, yields from Patrick Gannon @ Better Rates. Together.
The average return on all loan portfolios created by Lending Club lenders since the opening of our public Beta on Facebook on May 24 has been steadily moving up. As you can see from our home page, the average portfolio yield is currently 12.10%. What is the reason for the steady increase?
We [...]
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Continue reading → Lending Club’s average portfolio return moving up