(sql to produce statistics at the end of post)
In May, Prosper originated more loan volume than in any previous month roughly 9.6M loans the vast majority were credit grades AA-C. This is great news for Prosper on 2 fronts: total volume and loan quality. Here is the breakdown…
| May 2008 Prosper Origiantions | ||||
|---|---|---|---|---|
| Credit Grade | Loans | Amount | Amt / Loan | % total |
| AA | 223 | $2,003,970 | $8,986 | 20.9% |
| A | 225 | $1,924,277 | $8,552 | 20.0% |
| B | 270 | $2,084,555 | $7,721 | 21.7% |
| C | 388 | $1,979,505 | $5,102 | 20.6% |
| D | 295 | $1,202,235 | $4,075 | 12.5% |
| E | 82 | $185,909 | $2,267 | 1.9% |
| HR | 120 | $220,425 | $1,837 | 2.3% |
| Total | 1603 | $9,600,876 | $5,989 | |
All in all it looks like a very positive step… Can Prosper keep the momentum… stay tuned for next month?
Sql:
Select creditgrade, count([key]), sum(amountborrowed)
from loan
where originationdate>='5/1/2008' and originationdate<'6/1/2008'
group by creditgrade
Related Posts -
Default Debt Sale Effect on my IRR Calculation (+4.16%) My IRR calculation makes several simplifying assumptions. The most negative assumption is that all loans one month late are worthless. In the debt sale, I received over 25% of the principal. My expectation is that my IRR will go up... My August 1st update had an IRR of 0.57% on...... - State Default Rates -- A Publishable Application of the RateLadder ListingKey In the past I have talked about my technique for adding a ListingKey to the Loan table of the Prosper.com data export. While I had successfully added the key several weeks ago I hadn't found an application of the key that I could publish until recently.  A fellow Princetonian and prosper lender......
- My Prosper Internal Rate of Return Update (End of Mar 07) = 3.33% for an Decrease of 9.53% This is a RateLadder only IRR update. (An IRR lender âgameâ update is in the works.) Here is my permanent tracking page: http://rateladder.com/my-prosper-irr/ My Prosper IRR is defined as: Monthly cash flows with one extra month using the current account value minus any loans 1 month or more late. Current......
- Prosper Loans: Auto Funding vs Non Auto Funding During Verification All completed listing go through a verification process.  This step is when Prosper vets the information given in the listing in regards to employment and debt to income ratio. When a listing is cancelled due to some discrepancy it is great (thank you Prosper!), but yet it can be painful. ......
- Listings, Unique Bidders, Loans, Average Interest Rate, and Total Amount Lent Some of these are leading indicators and some are trailing. Do you see a pattern? Month # Listings # Unique Bidders # Loans Average Interest Rate Total Lent 11/2005  39 12  13  10.56%  $47,800 12/2005  20 17  9  7.57%  $30,887 1/2006  48 21  8  8.23%  $45,120 2/2006  832 266  75  11.45%  $457,934......
