LendingStats Site Update

December 9th, 2007 | Uncategorized

LendingStats has just announced an update… And I think it has 2 cool features and a very nice upgrade to the LendingStats ROI calculation.

The ROI upgrade:

Updated the collection rates used to calculate estimated ROI corresponding to how Prosper split out the Penncro Collection rates by credit grade.

This caused their projection of my ROI to jump by almost 100 basis points (now at 4.85% as of this posting): RateLadder on LendingStats. They need change two more things… use the NetDefaults field of the new private data table LoanPerformance to find an average defaulted debt sale by credit grade and use the loan performance table to derive the actual loan payment history. For that matter they could calculate the roll rates from the loan performance table and not need to use the Penncro statistics.

Cool Feature #1 the LendingMap. The lending map lets you see the US in terms of Prosper default rate, loan amount, and average loan rate. I am not sure how useful this is, but it is kinda fun.

Cool Feature #2 the projected originations on Prosper for the current month… It looks like Prosper will come in just under or right at 5MM for the month.

Related Posts

New Loan Funded — At wit's END — $15,000 at 18.5% — B Credit — DTI 72% A new loan funded (At wit’s END – $15,000 at 18.5%). I participated via a manual bid the loan was Autofunding. The borrower had B credit, a 72% DTI, and is a homeowner. As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies in......
New Loan Funded — paying bills — $5,000 at 26.00% — D Credit — DTI 12% A new loan funded (paying bills — $5,000 at 26.00%). I participated via my new standing order: Low Amt, Low DTI — AF. Which is this loan was funded as a low amount requested, low debt to income ratio and was an auto-funding loan. The borrow had D credit and......
8 Listing Strategies to get Best Prosper Loan Rate I have had several bloggers ask for advice on their listings or potential listings... One of them even joined my group and successfully received a $25K loan at an interest rate he was happy with... As a blogger the reputation of your blog has meaning for you both in terms......
Borrow Money on Prosper -- Case for Unsecured Debt via Personal Loans Prosper Marketplace, Inc. is a peer-to-peer (p2p) lending marketplace that facilitates 3 year fully amortized loans between lenders and a borrower. A borrower wants to borrow money and lenders want to earn better than average returns. The most typical reasons for loans on Prosper are credit card debt consolidation, small business......
Prosper Delinquencies Improving Prosper delinquencies have been improving. I have some graphs to prove it. This chart shows the total amount of money funded in loans since Prosper's inception. The blue line shows total loans funded, while the red line shows total delinquent loans. You can eyeball at a glance how the overall......

Related Websites

The WealthBoy Strict ROI for Prosper Lenders As I was writing my Rule of 72 on Prosper article for the official Prosper Blog, I began to think about developing my own ROI calculation based on what I had written. I had attempted creating an ROI calculation once before that was based on actual payments received, but I......
Disenchanted Customers Suing LifeLock Spokesman Todd Davis It was bound to happen sooner or later, Todd Davis (of LifeLock) is being sued by dissatisfied customers. Why? Because no one can really prevent identity theft. At least not with the 100% guarantee that customers (justly) expect. They're suing Davis for representing the product as safe when he's actually......
Finovate Startup 2009 Live Twitter I am attending Finovate Startup 2009. It is an action packed 1 day format which I belive will lend itself perfectly to a live twitter. Stay tuned it should be an amazing day. http://twitter.com/BlogTrafficExch In the break I have scheduled some talks with SimplFi, Mint, and Calendar Budget. I am......
what is lending club? You don't talk about Lending Club. You don't talk about Lending Club. When someone says stop, or goes limp, even if he's just faking it, the loan is over. And if this is your first night at Lending Club, you have to fight... er, lend. I am was a......
Lending Club and Prosper Rate Differential: Opportunity or Not? In my post, "My Foray into Prosper as a P2P Lender," one of my readers (PeerLend.com) introduced me to Lending Club: "In early December [2007], Lending Club opened their (formerly FaceBook users only) lending application to the wider public. They do things a bit differently than Prosper, as they underwrite......