Prosper implements pricing change for borrowers with credit grades A-HR.
The origination fee schedule for borrowers of first and second loans will be as follows:
AA 1.00% (no change) A 2.00% B 2.00% C 3.00% D 3.00% E 3.00% HR 3.00%
These changes will go into effect for listings created on or after January 4th, 2008.
Related posts:The rationale behind this increase is to enable us to better cover our administrative costs and bring our fees more in line with the market.
- 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...
- New Loan Funded — Re-List:Lower Dollar Amount, Higher Rate — $14,500 at 17.75% — B Credit — DTI 30% A new loan funded (Re-List:Lower Dollar Amount, Higher Rate— $14,500 at 17.75%). I participated via 2 new standing orders and a manual bid (irrational exurbance...
- New Loan Funded — Secure Borrower needs funds to complete rental houses — $25,000 at 12.00% — AA Credit — DTI 25% A new loan funded (Secure Borrower needs funds to complete rental houses — $25,000 at 12.00%). I participated via my standing order: Mid DTI —...
- Prosper Borrower Income On Prosper the borrower’s income matters, even if it is only stated income… Prosperous Land did a very interesting analysis on borrower income: It’s All About...
- Huge Prosper Borrower Success Story (Followup) I did just a little but of research with ProProsper and found out a couple of things about the borrower of the loan in Huge Prosper...
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2 comments ↓
Hmm….more borrowers than lenders: ??? Profit?
http://www.lendingstats.com/membershipGrowth
Always for more borrowers than lenders, same with every other site.
Too bad for the lower grades through, loans got more expensive. Imagine 35% interest and 3% on top of that in fees
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