A new loan funded (home renovations — $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 7 years, and 2 or less public records in the last 10. 

With this loan I have $4,397.15 in principal across 67 loans ($65.63 per loan) with an weighted average interest rate of 17.33% and an account value of $4,773.25. Each loan on average is 1.4% of my portfolio with a maximum in any one loan being 4.1%.

Here is the listing:

For the readers that believe in reading the actual description without modification:

I have a need for additional funds on a realestate venture. This loan will able me to complete a project that will allow me to The realestate venture will allow me a fast return when complete. I plan to repay this loan prior to 3 years. I would like to say I appreciate the opportunity you guys are providing. 

Here is a graph of all loans on Prosper with B credit and a DTI of < 46% and Loan Amount $20,000 +/-$5,000 funded in the last 100 days:

Number of Loans	Average Amount Borrowed	Weighted Average	Standard Deviation
69	$19,997.78	15.69%	3.44%

The weighted average plus 1 sigma is 19.12%. The weighted average plus 2 sigma is 22.56%. This loan is between 1 and 2 sigmas higher than the mean. 

Oh yeah.  And they are a homeowner.

What do you think?

 

Related Posts

• Prosper People-to-People Lending Market Survey San Francisco – October 9, 2007 – Prosper (www.prosper.com), America’s largest people-to-people lending marketplace, today released its September People-to-People Lending Market Survey.  Prosper’s People-to-People Lending Market Survey provides key statistics and a market commentary by Chris Larsen, Chief Executive Officer and Co-Founder of Prosper.   Prosper’s People-to-People Lending Market Survey......
• New Loan Funded — Please help with Business Expansion!!! — $24,000 at 18.7% — B Credit — DTI 35% A new loan funded (Please help with Business Expansion!!!— $24,000 at 18.7%).  I participated via a manual order the loan was Autofunding.  The borrower had B credit and 35% DTI.  As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in the last......
• Prosper 1 month Late or Worse Curves by Monthly Cohort One of the tricks to determining your ROI is to be able to predict the default curve.  Pninen of the Prosper Forums has been tracking the 1 month or more late curves for each monthly cohort of loans. The source of his data is the Prosper Performance Web Page...  I......
• 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  – $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 — Relocating, Need Quick Cash to Payoff Home Equity Loan — $25,000 at 22% — C Credit — DTI 28% A new loan funded (Relocating, Need Quick Cash to Payoff Home Equity Loan – $25,000 at 22%).  I participated via a manual bid the loan was Autofunding.  The borrower had C credit, 28% DTI. and is a homeowner.  As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies,......

Related Websites

• The Economy Smells Like Roses If you believe the government or the popular press, the economy is out of recession and everything is business as usual again. Last month there was an increase in jobs by 162,000, home sales jumped 8.2%, the Dow is now almost at 11,000 and interest rates are inching upwards  in......
• Info On Prosper.com The Saturday edition of the Wall Street Journal had a good report on how Prosper.com is working out. Based on the borrowes credit score, lenders can get between 8 and 24%. A lot of borrowers aren't getting enough responses for their requests because the rate they are offering is too......
• Weight Tracking (Last Attempt) Total Weight Lost: 58lbs Here is my weight tracking page... It will evolve as I get more accustomed to my new lifestyle, but for starters if you want to know about the Jumpstart Medicine weight loss program that I am following read this post WeightLadder Reset — 390lbs and Starting......
• Seniors lose $10,000? Huh? I got suckered into reading this article on MSN from the title: A $10,000 Social Security hit There was a stock photo of two obviously very depressed seniors right next to that headline.  At first I thought, "Man, the other shoe dropped fast!" but the article revealed the context of......
• 5 Ways to Dramatically Decrease Your Calorie Intake the Easy Way For many of us, trying to consume fewer calories can be very difficult. If you are someone that has a hard time feeling satisfied on little meals, or you just can’t seem to make any headway with your calorie count, there are a few ways that you can dramatically reduce......

Online Stores

• Puma Complete Eutopia Review Women Shoes Running Exercise & Fitness
• Complete Sets Futons Living Room Furniture Home Store
• Complete Skateboards Skateboarding Skate Shop
• Venture Chevrolet Hybrid Vehicles
• Complete Nutritional Daily Supplements & Diet Exercise & Fitness

If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Loan Review, Prosper.com

Tags:

azerbaijan, mozambique