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…
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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...... -
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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. [...]
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