With the 1st step in the lawsuits against borrowers being to default the loans, the 1st step in accounting for the lawsuits in quicken requires a sale transaction for the principal balance (Accounting for the New Agency Test in Quicken).
Having entered the transactions my quicken ROI is now 7.29%. As the lawsuits in loan pool play out I hope to see some proceeds which will bring the ROI up.
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Collections, Prosper.com
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