I have updated my 2007 Prosper Loans and Prosper Lender IRR pages… Sorry for the delay.

On my IRR being negative…  It is negative, it will not stay negative.  Stay tuned for an explanation from a macro loan default perspective. 

However, I would like to point out that $150 of those lates are mistakes.  While I can’t go into details as that would open me up to liability for publicly calling out a deadbeat borrower, I think I am justified in calling them mistakes as I have corrected the perceived problem.  (Whatever happened to debtors prisons anyway?)  If I adjust by removing the $150 in lates my IRR is a healthy 5.35%. 

I will explain why both of these numbers are low in the coming days.

Related posts:

• What Kinds of Prosper Loans Should a Newbie Lender Invest One of the things I am most proud of in my lender experience on Prosper was my initial fear.  I feared losing the money I...
• Another Excellent Email from TB on IRR I saw your last comment and wanted to provide you with an Excel sheet showing the implications of not counting the principle payments as cash...
• My Prosper IRR Update Normally, I expect to update My Prosper Internal Rate or Return twice a month: last day of the month for account value and the day I get...
• Prosper IRR Lender “Game” Prosper IRR is a tricky calculation.  The concept is very simple.  The problem lies in how to treat delinquent and late loans prior to the...
• Prosper IRR Lender “Game” Mar 07 Update It is time for the March 2007 update of the IRR Lender “Game.”  This is going to be more about accomplishments during the last month rather than...

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