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 than $0 value).
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_com 2.75%
Largest IRR Model Improvement: RateLadder_com by going from 0.57% to 2.75% he improved 2.18%.
Lowest IRR Model: Pensioner (13.90%)
Largest IRR Model Degradation: leporello by going from 2.61% to (1.35%) he degraded (3.96%).
Highest IRR Best: LazyMan 17.55%
Largest IRR Best Improvement: None all players degraded.
Lowest IRR Best: Eric’s Credit Community 9.85%
Largest IRR Best Degradation: pensioner by going from 18.10% to 10.13% he degraded (7.97%).
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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