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Toolmaster 6000 Five Axis Tool Cutter Grinder |
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MRC 900 Series Sputtering Tool |
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October 20th, 2008 — , Prosper.com, Statistics, Tools from RateLadder @ Rate Ladder
The methodolgy or the sql for obtaining the data these curves from the private data export have already been explained in detail, but briefly…
The Y axis is the percentage of all loans orginated of a given age that are currently 1 month late or worse…
The X axis is the days loan origination.
The curves stop [...]
Continue reading → Prosper 1 Month Late or Worse Curves By Credit Grade
July 23rd, 2008 — , Prosper.com, Statistics, Strategy, Tools, aa, axis, credit grade, credit history, curves, data export, loan origination, loans, methodolgy, private data, slopes, sql from RateLadder @ Rate Ladder
The methodolgy or the sql for obtaining the data these curves from the private data export has already been explained in detail, but briefly…
The Y axis is the percentage of all loans orginated of a given age that are currently 1 month late or worse…
The X axis is the days loan origination.
The curves stop when [...]
July 23rd, 2008 — , Prosper.com, Statistics, Strategy, Tools, aa, axis, credit grade, credit history, curves, data export, loan origination, loans, methodolgy, private data, slopes, sql from RateLadder @ Rate Ladder
The methodolgy or the sql for obtaining the data these curves from the private data export has already been explained in detail, but briefly…
The Y axis is the percentage of all loans orginated of a given age that are currently 1 month late or worse…
The X axis is the days loan origination.
The curves stop when [...]
July 7th, 2008 — , Prosper.com, Statistics, Strategy, Tools from RateLadder @ P2P Lending
Another month another update… The picture is rather muddled right now between the accrued interest showing up in my account balance even on loans that are technically “charged off”and lending club changing their algorithm… All I can do is continue to track and hope fore some clarity… On a positive note I have had no [...]
Related StoresJune 12th, 2008 — , Prosper.com, Statistics, Strategy, Tools, axis, credit grade, curves, delta, dpd, graph, l key, mld, percentage basis, population, private data, sql, university of maryland from RateLadder @ P2P Lending
Brief Explanation: These curves show the entire set of prosper loan broken down by credit grade and lined up along the x axis on their origination date… As a loan goes late (1 month or worse) it is counted (either by amount or by count) as late against the population…
Recently a study from the University [...]
June 3rd, 2008 — , Prosper.com, Statistics, Strategy, Tools from RateLadder @ P2P Lending
My account update for the month shows some general improvement…
One thing to note is that with the loans in the debt sale not sold my IRR calculation is a little out of whack… Hopefully Prosper will create the loan status of “Charged Off” and remove those accounts from my balance which will [...]
Continue reading → RateLadder IRR/ROI 6/08 Update — 0.57% to 16.64%
May 2nd, 2008 — , Groups, Listing Review, Prosper.com, Strategy, Tools from RateLadder @ Rate Ladder
Any regular reader will know that last week I brought my first group listing to the marketplace. (As an aside, a group leader is no longer paid for successful listings and the haven’t been since September 13, 2007: Email To Group Leaders After Recent Changes. I think this was a good change and said [...]SHARETHIS.addEntry({ title: “Blogger Obtains Loan Using Social Capital”, url: “http://www.rateladder.com/2008/05/02/blogger-obtains-loan-using-social-capital/” });
Related StoresContinue reading → Blogger Obtains Loan Using Social Capital
May 1st, 2008 — , Prosper.com, Statistics, Strategy, Tools, goals from RateLadder @ Rate Ladder
Well another month down… Nothing major happened that would effect my IRR/ROI (like a debt sale.) It was a fairly uneventful month for my Prosper p2p lending account, but it was a good month… My ROI/IRR is higher on 4/5 of my tracking indices (it will be 5/6 when the statements are available and I [...]SHARETHIS.addEntry({ title: “RateLadder IRR/ROI 5/08 Update — (1.35%) to 15.3%”, url: “http://www.rateladder.com/2008/05/01/rateladder-irrroi-508-update-135-to-153/” });
Related StoresContinue reading → RateLadder IRR/ROI 5/08 Update — (1.35%) to 15.3%
April 28th, 2008 — , Site Review, Tools from RateLadder @ Rate Ladder
(Editor’s Note: This is a serious post and potentially a great opportunity for the right 3rd party.)
Company looks to sell all rights to its proprietary P2P lending technology. The company has been quietly in development for the past year, though has now decided to halt launch plans for undisclosed reasons.
It has developed a complete P2P [...]SHARETHIS.addEntry({ title: “For Sale: P2P Lending Technology”, url: “http://www.rateladder.com/2008/04/28/for-sale-p2p-lending-technology/” });
April 14th, 2008 — , Prosper.com, Quicken, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
With the lender statments taht were released this weekend it is possible to update my Quicken ROI…
Last month being a quiet “normal” month one would expect an increase in the quicken value… My Quicken ROI increased from 8.11% to 8.99%.
SHARETHIS.addEntry({ title: “Quicken ROI Update = 8.99%”, url: “http://www.rateladder.com/2008/04/14/quicken-roi-update-899/” });
April 11th, 2008 — , Statistics, Tools from RateLadder @ Rate Ladder
WealthBoy, whom I met at Prosper Days, has just released The WealthBoy Strict ROI for Prosper Lenders – an open source, sql based ROI calculation for Prosper Lenders. His calculation makes use of the public and private data files from Prosper. He was inspired by his Prosper Blog post: The Rule of 72 on Prosper.
TotalROI = [...]SHARETHIS.addEntry({ title: “The WealthBoy Strict ROI for Prosper Lenders”, url: “http://www.rateladder.com/2008/04/11/the-wealthboy-strict-roi-for-prosper-lenders/” });
Continue reading → The WealthBoy Strict ROI for Prosper Lenders
April 2nd, 2008 — , Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
Compared to last month with the initiation of the lawsuits… This was a quiet month. My worst number Model IRR degraded and my best number Default IRR improved. I will update quicken as soon as the lender statement become available.
SHARETHIS.addEntry({ title: “RateLadder IRR/ROI Update April 2008 — (2.6%) to 14.37%”, url: “http://www.rateladder.com/2008/04/02/rateladder-irrroi-update-april-2008-26-to-1437/” });
Related StoresContinue reading → RateLadder IRR/ROI Update April 2008 — (2.6%) to 14.37%
March 27th, 2008 — , Prosper.com, Statistics, Tools from RateLadder @ Rate Ladder
Living Off Dividends (aka WealthBuildingLessons (WAB) on Prosper) wrote a guest post on the Prosper Blog: Why I Love Prosper.com. The blog post has generated some heated comments due to one aspect of the post. WAB claimed “over 13% annualized returns”. When questioned what his calculation actually was he said…
I take the amount I initially deposited across [...]SHARETHIS.addEntry({ title: “In Defense of Living Off Dividends”, url: “http://www.rateladder.com/2008/03/27/in-defense-of-living-off-dividends/” });
March 6th, 2008 — , Prosper.com, Tools from RateLadder @ Rate Ladder
A new book on Prosper.com goes on sale today — The Complete Guide To Prosper.com. I meet the author at Prosper Days and he gave me an advanced copy… I have read it and here are my thoughts… Books are a tough medium for an up and coming ever evolving startup… However, this book had [...]
Related StoresMarch 5th, 2008 — , Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
Vintage curves align loans at their originations date and then watch the late (30 days late or worse) percentage over time…
The lines are only as long as there are 250 loans in the bucket. The Y axis is percentage of principal amount that is 30 days late or worse and the X axis is days [...]
March 3rd, 2008 — , Prosper.com, Tools from RateLadder @ Rate Ladder
From Prosper:
Thank you once again for your patience as we worked to resolve the problems with the API. We apologize for any inconvenience this may have caused you.
The XML was fixed this weekend and we consider the issues resolved and expect no further updates.
We are committed to adding the Prosper calculated ROI values. We will [...]
March 3rd, 2008 — , Prosper Lender IRR "Game", Prosper.com, Statistics, Tools, goals from RateLadder @ Rate Ladder
This month had a major event that I think will make it hard for the various ROI sites to even track accruately anymore… The “New Agency Test” aka Prosper is suing borrowers.
For me (I opted into the pool) I had my 6 loans immidiately defaulted at $0 value. Over time as the loan pool progresses [...]
Continue reading → RateLadder IRR/ROI 3/08 Update — (2.11%) to 13.06%
February 29th, 2008 — , Prosper.com, Tools from RateLadder @ Rate Ladder
From Prosper:
Thank you for your patience while we have been working through the recent API and XML issues.
The web service API has been re-enabled and we are monitoring it closely. You may notice that the Prosper calculated ROI numbers are temporarily unavailable. We apologize for any inconvenience this may have caused you and are committed [...]
February 28th, 2008 — , Prosper.com, Tools from RateLadder @ Rate Ladder
I have been a member of the Prosper developer mailing listing since the list’s inception… This is the 1st instance of using the list. They made the relevant announcement. Kudos! (it is about time) Here is the email…
Prosper is experiencing two issues that may be affecting your applications and code.
1. The web service API has been [...]
Continue reading → Prosper Starting To Use the Developer Mailing List
February 22nd, 2008 — , Prosper.com, Tools from RateLadder @ Rate Ladder
Many, Many people have asked me if there was an easy way to get the Prosper XML files as CSV (comma separated values). In response, I have build a utility that does just that. I contributed the utility to the Prosper API Open Source Project on SourceForge.
With CSV files you can easily import the files [...]
February 14th, 2008 — , Prosper.com, Strategy, Tools from RateLadder @ Rate Ladder
With the release of the monthly statements I can update my Prosper Quicken ROI (Lending Club where is my statement?).
So first let me say that I was expecting to have to default over $300 in principal last month do to the New Agency Test to which I opted in. Prosper has not yet marked those [...]
February 12th, 2008 — , Listing Review, Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
With my recent loan on Prosper I tried to keep an eye out for interesting stories along the way. In this case I found something I didn’t like as a lender… Prosper explicitly told me not to put up a 25K listing.
As a lender and data junkie I have known for some time that loans [...]
Continue reading → Prosper Steering Borrowers Away From 25K Loans
February 7th, 2008 — , Prosper.com, Statistics, Tools from RateLadder @ Rate Ladder
The percentage is the amount of money 1 month late or worse versus the amount of money originated. The horizontal axis is the days past origination.
Related StoresFebruary 5th, 2008 — , Features, Listing Review, Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
My Prosper Listing has 1 day left in the auction. I reached 100% funding late afternoon last Wednesday. Today is the final day to bid on my loan request. Short of an Act of God this loan is as safe as they come.
My listing fell into the the conservative portfolio plan standing order #2 whose [...]
February 1st, 2008 — , Prosper.com, Statistics, Strategy, Tools, goals from RateLadder @ Rate Ladder
I am continuing tracking all of my IRR and ROI calculations in one place.
My Prosper current account value is $11,765.47 across 196 active loans.
I am tracking annualized IRR for model, average and default (permanent tracking page), quicken ROI, Eric’s CC ROI, and Lending Stats ROI.
Each of these tools uses a different calculation and therefore each [...]
Continue reading → RateLadder IRR/ROI Update Feb 1 2008 — (1.27%) to 15.52%
January 3rd, 2008 — , Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
Continuing the theme of tracking the late or worse vintage curves. Each curve lasts only as long as there are 250 loans in the bucket. The curves progress in time from the loan origination date. The measurement is the percentage of money late or worse. After a debt is defaulted the net default amount is [...]
Related StoresJanuary 2nd, 2008 — , Statistics, Strategy, Tools from RateLadder @ Rate Ladder
This month I am continuing tracking all of my IRR and ROI calculations in one place.
I am tracking annualized IRR for model, average and default (permanent tracking page), quicken ROI, Eric’s CC ROI, and Lending Stats ROI.
Each of these tools uses a different calculation and therefore each has a slightly different meaning and value… [...]
Continue reading → RateLadder IRR/ROI Update — (1.07%) to 14.18%
December 17th, 2007 — Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
You may have seen my Prosper vintage curves… While they were hard to make since the data had to be pulled off the Prosper Loan Performance page.
With the new private lender data these vintage curves can be pulled with sql and excel great expediting the process.
Check out the Daily Count Late Percentage Vintage curve…
Using this [...]
Related StoresDecember 14th, 2007 — Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
I have heard conjecture that large loans are riskier since they have a larger payment… While this seems intuitive I thought I would try to show it visually.
To start with I ran a quick pivot with 2 different loan buckets. Loans with payments from $0-$499 and loans with payments $500+.
This graph proves the hypothesis… Is the difference [...]
Continue reading → Small Loans Less Risk, Large Loans More Risk
December 12th, 2007 — Features, Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
Prosper interest rates are on the rise — in case you where wondering this is a good thing for lenders!
The release of the borrower bidding guidance (general announcement, secondary analysis) seems to line up with a rise in near prime and sub prime interest rates. Similarly, the graph that I am using to demonstrate my [...]
December 11th, 2007 — Prosper.com, Statistics, Tools from RateLadder @ Rate Ladder
Continuing the dive into Prosper’s new private lender only data file, today I will look at the distribution of current delinquencies at the time of the listing amongst loans on Prosper… -1 is for loans prior to the extended credit in June 2006.
Here is the SQL:
select l.[key], l.creditgrade, cp.currentdelinquencies from creditprofile cp inner join loan [...]
Continue reading → Current Delinquency Count for Prosper Loans
December 10th, 2007 — Prosper.com, Statistics, Tools from RateLadder @ Rate Ladder
With the release of the new private data I thought I would write most of my posts this week on nuggets on information that can be pulled out of the data…
This first post is on the debt sale amount as a percentage of principal balance at the time of the debt sale… I know you [...]
December 5th, 2007 — Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
I started my RSS feeds on March 18th… I thought I would check in on my favorite (Underappreciated Listings)…
There have been 6,364 listings profiled, requesting to borrower $61,781,819 or $9,952.01 per loan on average.
Here is the listing status break down…
Status
Total Amount
Number
Per Loan
Cancelled
$3,427,672
259
$13,234
Pending Verification
$92,900
8
$11,613
Expired
$30,822,079
3268
$9,431
Completed
$12,258,725
1365
$8,981
Active
$1,654,511
195
$8,485
Withdrawn
$13,525,932
1269
$10,659
And here is the Current Loan Status for Completed Listings…
Status
Total Amount
Number
Per Loan
Avg Loan [...]
Continue reading → UnderAppreciated Listings RSS Feed Update
December 3rd, 2007 — Prosper.com, Quicken, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
I am going to start reporting on this feature a differently…
Here is my permanent tracking page: http://rateladder.com/my-prosper-irr/
This month was a normal month. No major late debt occurrences (no repurchased loans, no debt sales, no bankruptcies). Also since my model IRR increased rather significantly I am assuming I had less than normal new occurrences of 1 [...]
November 28th, 2007 — Prosper.com, Tools from RateLadder @ Rate Ladder
After reaching the 10K milestone I stopped adding fund to my Prosper account unless the funds were generated in advertising/donations. Today, my account value peaked over the 11K threshold ($11,079.42). I am very happy with my progress to date.
To be sure, I wish I had avoided certain extended credit that I bid on in my 1st [...]
Continue reading → RateLadder Crosses 11K in Prosper Account Value
November 26th, 2007 — Features, Prosper.com, Quicken, Statistics, Tools from RateLadder @ Rate Ladder
I have decided to continue to track my Quicken ROI even though Prosper has removed the Prosper ROI link from the lending tab. I have also decided to keep the Prosper ROI on the graph for reference.
This Quicken ROI is calculated using the method described here.
My Quicken Prosper ROI went from 11.96% to 12.34%. [...]
Continue reading → RateLadder Quicken ROI Update November 1, 2007
November 7th, 2007 — Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
Here are the updated 0 current delinquencies vintage curves for November, 1st 2007. Click the image for a larger version…
One change to the graphs these curves stop when there are less then 250 loans in the bucket.
Compare these graphs to the general population vintage curves.
Count Late %:
Amount Late %:
Related StoresContinue reading → Updated 0DQ Vintage Curves November 1st 2007
November 5th, 2007 — Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
Here are the updated for November, 1st 2007. Click the image for a larger version…
One change to the graphs these curves stop when there are lass then 250 loans in the bucket.
Count Late %:
Amount Late %:
Related StoresNovember 4th, 2007 — Features, Listing Review, Prosper.com, Statistics, Strategy, Tools, goals from RateLadder @ Rate Ladder
In my Friday post, I encouraged everyone to think for themselves when it comes to estimated return guidance. It is after all only an estimate. Today, I would like to pimp a listing I have bid on that I feel demonstrates a great return loan, but it is a fairly risky bucket. [...]
Related StoresNovember 2nd, 2007 — Features, Prosper.com, Statistics, Tools from RateLadder @ Rate Ladder
One of Prosper’s most recent changes was to add bidding guidance on the manual bid page. See the picture below.
I think this is a great feature in theory. It makes the estimated return obvious using Prosper’s own roll rates. I am sure this will be an incredibly valuable feature for all manual bidding lenders.
However, I [...]
November 1st, 2007 — Prosper.com, Statistics, Tools from RateLadder @ Rate Ladder
This is a RateLadder only IRR update. (An IRR lender “game” update is in the works.)
Here is my permanent tracking page: http://rateladder.com/my-prosper-irr/
My Prosper IRR is defined as:
Monthly cash flows with one extra month using the current account value minus any loans 1 month or more late.
Current Account Value (used as interest earned in the last [...]
Continue reading → My Prosper Internal Rate of Return Update (End of October 07) = (0.57)%
October 31st, 2007 — Features, Prosper.com, Tools from RateLadder @ Rate Ladder
I think the authenticated API is big news. It signals additional development in an area that will benefit the entire community… I hope that there is much more to come.
Here I will quickly run down various things I have done with the API since the inception…
First of all ProProsper — Professional Tool For Prosper Lenders… [...]
October 29th, 2007 — Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
What is it? It is the risk that a loan will pay off early.
Why is it a risk? This is the tricky one. On the surface it seem like a good thing. Your loan paid off and it didn’t default. Great right? Maybe, but probably not.
There is of course the cost of idle money, but [...]
October 26th, 2007 — Features, Prosper.com, Statistics, Tools from RateLadder @ Rate Ladder
Yesterday, I had one of those bitter sweet moments.
Sweet in that a loan I had been writing off in my mind as bad was repurchased by Prosper for the full principal balance. Bitter, because I really believe I am helping people with these loans and yet someone would take advantage and try to steal my [...]
October 21st, 2007 — Prosper.com, Quicken, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
It took a little tinkering, but I finally hit upon the perfect way to integrate Prosper (or LendingClub or …) with Quicken (or Money or …) given the current lack of integration between the services (see here if interested.)
Since implementing that solution I have had defaulted debt sold.
With enough experience behind me I thought that a comparison of [...]
October 6th, 2007 — Features, Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
Yesterday I published a new installment of the Prosper Late Curves. Several readers have asked if I could pull the data for one slice or another. While it would be possible to pull any advanced search slice out of the Prosper performance page, it is rather time consuming to pull the data by hand. And these [...]
Related StoresOctober 5th, 2007 — Features, Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
October 3rd, 2007 — Features, Prosper Lender IRR "Game", Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
It is time for the end of September 2007 update of the IRR Lender “Game.”
This month was just a regular month. A Collections guru was hired and I did have a collections paymnet at the last second that saved me from a negative model IRR. Hopefully, a sign of things to come.
This is going to [...]
Continue reading → Prosper IRR Lender “Game” September 07 Update
October 2nd, 2007 — Prosper.com, Statistics, Tools from RateLadder @ Rate Ladder
This is a RateLadder only IRR update. (An IRR lender “game” update is in the works.)
I was given a last second reprieve from a negative IRR this month by a collection payment!!! A post is coming about this.
Here is my permanent tracking page: http://rateladder.com/my-prosper-irr/
My Prosper IRR is defined as:
Monthly cash flows with one extra month [...]
Continue reading → My Prosper Internal Rate of Return Update (End of September 07) = 0.61%
September 27th, 2007 — Jokes, Lending Club, Tools from RateLadder @ Rate Ladder
I started a similar topic at the P2P No Bank Forum on this subject: Lending Club Advanced Search or Investment Credit Filters
However I wanted to post here as well… My money has not yet cleared into Lending Club, so I have been using the site and trying to find loans I would like to bid [...]
Continue reading → Lending Club Advanced Search or Investment Credit Filters
September 15th, 2007 — Prosper.com, Statistics, Strategy, Tools from RateLadder @ Rate Ladder
It is time for the end of August 2007 update of the IRR Lender “Game.”
This month saw another debt sale. Debt sale events typically cause the highest IRR to go down (less absolute potential as loans were sold for a fraction of there worth) and the model IRR to go up (the loan were sold for a greater [...]
Continue reading → Prosper IRR Lender “Game” August 07 Update
September 9th, 2007 — Features, Prosper.com,