It is time for the June 2007 update of the IRR Lender “Game.”
Since the last update there has been a delinquent debt sale. This is a major event for our IRR game and it remove assumptions about defaulted debt by solidifying losses and increasing the cash position.
This will cause the best IRR values to go down, but should increase the model values albeit working off of a lowered maximum… For an example of this is action see pensioner’s results. His best IRR dropped 11 percentage points.
This is going to be more about accomplishments during the last month rather than pure calculations. The actual numbers are at Prosper.com IRR Lender “Game” Tracking Page
So without further ado:
Highest IRR Model: RateLadder 5.07%
Largest IRR Model Improvement: leporello by going from 0.18% to 4.45% he improved 4.27%.
Lowest IRR Model: Pensioner (11.41%)
Largest IRR Model Degradation: Retireme99 by going from 3.20% to (7.53%) he degraded (10.73%).
Highest IRR Best: LazyMan 19.18%
Largest IRR Best Improvement: RateLadder by going from 14.04% to 17.61% he improved 3.57%.
Lowest IRR Best: Eric’s Credit Community 12.48%
Largest IRR Best Degradation: pensioner by going from 26.24% to 15.22% he degraded (11.02%). This is due to the delignquent debt sale of ~40K of loans being sold.
The “game” is tracking portfolio IRR through time. We will be tracking both a best and worst case value. The best case assumes the entire account value will be received at the time of the update. The model case assumes that all loans 1 month or more late will be wroth zero.
Here is the “Game” definition: Prosper Lender IRR “Game”
Here is the a sample spreadsheet: Prosper IRR Spreadsheet.
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Prosper Lender IRR "Game", Prosper.com, Statistics
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