Wednesday, February 27, 2008

Interesting Portfolio Date Range

Prosper had an interesting disclaimer on their estimated loss information associated with the portfolio plans.

1 Estimated average annualized loss rate based on the historical performance of Prosper loans for borrowers with similar characteristics, originated between Oct-31-2007 and Oct-31-2007, measured as of Nov-30-2007. Actual performance may differ from estimated performance due to many reasons, for example, worsening economic conditions.

It's either a typo, or that was a great lending day for them. I'm going with it being a typo (2006 - 2007?), but it provided some entertainment for the morning. I need to get out more.

Update: Wow. That didn't take long to get fixed. You'd think Prosper read this blog or something

1 Estimated average annualized loss rate based on the historical performance of Prosper loans for borrowers with similar characteristics, originated between Jun-01-2006 and Oct-31-2007, measured as of Nov-30-2007.

2 comments:

Wiseclerk said...

I assume they do monitor
P2PNoBank and Technorati. At least I would, if I were in charge of communications

j9359 said...

I've noticed quite a few hits on my blog recently from prosper.