Vintage curves align loans at their originations date and then watch the late (30 days late or worse) percentage over time…
The lines are only as long as there are 250 loans in the bucket. The Y axis is percentage of principal amount that is 30 days late or worse and the X axis is days from origination.
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5 comments ↓
We’re seeing some real separation there. And frick!
what happened to the E’s ? they plain took off.
[...] RateLadder Prosper Vintage Curve Update 3/1/2008 [...]
[...] Here is a simlar graph which is broken down by credit grades from RateLadder’s blog. Bookmark or Share: These icons link to social bookmarking sites where readers can share and [...]
This is good information. Is there a reason why it repeatedly tends to flatten out, then spike upwards? Is certain date only released once a month?
Payments are dues every 30 days… The all loans are lined up and rolled up so that there origination dates are at the origin.
So every 30 days a payment is due. Some subset of loan miss the the payment. When the loan is 30 days late (hence the first up tick at 60 days) it is counted on this graph…
The reduction is happening as some loans are brought current.
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