In the large lender panel pensioner state that he focuses exclusively on 20%+ loans and C, D, and E credit grades. While I don’t have the risk tolerance for those default rates I thought I should impose a rate floor. I have chosen 15%. I have adjusted all my standing orders to no longer bid on any loan less than 15%. If a standing order had a lower rate for a particular grade I raised the rate to 15%. All other rates remain the weighted average over the last 100 days plus 1.5%.
In addition, I have chosen to add an additional extended credit requirement. I will now only bid on listings that have a debt utilization of 5%-70%. I am not able to test this new assumption using the Prosper ROI performance tool as that information does not exist in old data.
Related Posts -
My Prosper Internal Rate of Return Update (End of September 07) = 0.61% This is a RateLadder only IRR update. (An IRR lender âgameâ 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...... -
New Loan Funded — Try this one more time, group leader, wantabe borrower — $19,500 at 14.34% — AA Credit — DTI 59% A new loan funded (Try this one more time, group leader, wantabe borrower  â $19,500 at 14.34%). I participated via my standing order RL Overlooked. The borrower had AA credit, a 59% DTI, and is a homeowner. This was a non autofunding loan. As a reminder my standing orders (and manual bids) only...... -
New Loan Funded — home renovations — $25,000 at 19.5% — B Credit — DTI 46% A new loan funded (home renovations â $25,000 at 19.5%). I participated via a a manual bid the loan was NonAutofunding. The borrower had B credit and 46% DTI. As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in the last...... - State Rate Caps Force Borrower (Blogger) To Take Action A C credit (super clean) borrower from Virgina (rate capped at 11%) has been trying to get a loan unsuccessfully on Prosper. Here is the description: Purpose of loan: Replace an air conditioning unit that went out during a 100 degree day in the Washington DC area. I have made......
- November Prosper Marketplace Survey Released Prosper released the November marketplace survey and coresponding comentary from Chris Larsen... I particularly like the insight in the last paragraph... Of great interest is the anecdotal evidence of prime and near prime borrowers turning to Prosper for loans that would have historically been steered toward mortgage, auto, and home......
Related Websites - 0% Apr Balance Transfer Credit Card For 12 Months From HSBC? I've had a high yield, online savings account at HSBC for a number of years now, and I've had my share of 0% APR balance transfer offers from credit card companies but this is my first from HSBC. It turns out that it isn't really just for me, no matter......
-
Today's Metabolic Bodyweight Workout at Home I have a little stomach bug and I completely took yesterday off in hopes that a little R&R might encourage the little bugger to go away. While I am feeling better today, I really didn't want to go to the gym but I didn't want to take another full...... -
TurboTax Online Deluxe 2009 Giveaway The good people at Intuit, parent company of TurboTax have provided me with a card to giveaway for TurboTax Online Deluxe 2009! The Deluxe edition works to maximize all of the deductions you may have. This includes both Federal and State tax returns. Here's a little bit about what...... -
Where does the Rule of 72 come from? JLP's post on the Rules of 72, 114, and 144 got my math juices flowing. Where does the Rule of 72 come from? If you're not into math, no biggie, but you might experience a little boredom. ;) Say I have starting principal Ps with periodic interest rate r (expressed...... - Biggest Investment in Life: College College is an investment and the most worthwhile and rewarding investment of your life. No doubt the costs have been skyrocketing, but with an average salary increase of 60 percent for those with a bachelors degree, the total return could reach ONE MILLION DOLLARS over a lifetime. Making small sacrifices......
Categories:
Prosper Days 2007, Prosper.com, Strategy
Tags:
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment