It is time for my monthly update of the amount late vintage curves… The y axis is the percent of $$ 30 more more days late… the x axis is days from origination. The curves stop when there are less than 250 loans in the bucket.
There are ways to cut the lat percentage shown in these graphs in half and even in half again (6 month inquires and current delinquencies to start with), but I would look at these graphs as a cautionary tale to avoid the lower credit grades and pay attention to the extended credit…
Use the Prosper performance tool to better understand the risk…
Related Posts -
1 Month Late or Worse Curves by Credit Grade (August 1, 07 Update) This is an update to my original 1 month late or worse curves. I believe we are starting to see the continued flattening of the curves. Time will tell. I have pulled the public data on the performance tab by hand in order to produce a spreadsheet of loan performance....... -
Prosper 1 Month Late or Worse Curves By Credit Grade The methodolgy or the sql for obtaining the data these curves from the private data export have already been explained in detail, but briefly... The Y axis is the percentage of all loans orginated of a given age that are currently 1 month late or worse... The X axis is...... -
Prosper Vintage Curves From Private Data You may have seen my Prosper vintage curves... While they were hard to make since the data had to be pulled off the Prosper Loan Performance page. With the new private lender data these vintage curves can be pulled with sql and excel greatly expediting the process. Check out the...... -
RateLadder IRR/ROI 3/08 Update -- (2.11%) to 13.06% This month had a major event that I think will make it hard for the various ROI sites to even track accruately anymore... The "New Agency Test" aka Prosper is suing borrowers. For me (I opted into the pool) I had my 6 loans immidiately defaulted at $0 value. Over......
-
New Loan Funded — Too Much Business / Need to Expand — $9,500 at 20% — AA Credit — DTI 45% A new loan funded (Too Much Business / Need to Expand â $9,500 at 20%). I participated via a 2 standing orders (Low Amt Extreme DTI and Low Amt Any DTI) and a manual bid the loan was Autofunding. The borrower had AA credit and 45% DTI. As a reminder my standing orders......
Related Websites -
What is your Credit Card Costing You? Most people do not put enough thought into how much their credit cards are really costing them. Sure, you may think that you are aware of all of the costs associated with credit, but there are also a number of fees and charges that can go completely unnoticed among consumers...... -
5 Reasons to do Early Bird Exercising If you can barely pull yourself out of bed in the morning, let alone exercise, it can be difficult to put together a workout plan. There are many benefits to getting in your day’s exercise in the wee hours, even if it is a little difficult at first. Let’s look...... -
LendingClub vs. Prosper Recently, I had come across an article about zopa.com and it really peaked my interest on peer-to-peer lending. In researching more about Zopa, I also came across two other major peer-to-peer lenders: Prosper and LendingClub. I researched both Prosper and LendingClub a bit and decided I liked LendingClub better, so...... -
New Credit Card Legislation In February of 2010, the new Credit Card Accountability, Responsibility and Disclosure Act will go into affect. If you do not use credit cards, you will not be directly affected by this change. The only changes that you will see are higher fees on your regular bank usage as...... - Walton Ranch Review I know this site is mainly about dove hunting, but hunting quail is a lot of fun also. Last Christmas, my brother took me and my oldest son, (Dad couldn't make it unfortunately) to the Walton Ranch just outside of the small town of Navasota, TX. The Walton Ranch is a......
- Credit, Charge Cards Trading Cards Collectibles
- Halcyon Days Decorative Collectible Brands Decorative Collectibles Collectibles
Categories:
5 comments ↓
E loans past 541 days of origination have jumped in terms of lateness. I could be wrong but I think this corresponds to 2007 Prosper Days when Prosper tightened the definitions of E and HR loans.
Ericscc has a feature called borrower segments, which is very interesting and allows you to look at lates by a lot of different variables including extended credit and occupation
[...] RateLadder Updated Prosper Credit Grade Vintage Curves [...]
[...] Ladder uses a graph to demonstrate the riskiness of making a loan to low credit grade borrowers. There is great potential return in making such loans, but I the the risk outweighs the benefits. I [...]
[...] Rate Ladder updated the vinatege curves. [...]
Leave a Comment