Hello, Mike. What's happening? Uh… we have sort of a problem here. Yeah. You apparently didn't put one of the new coversheets on your Prosper linkfest reports. Mmmm. Yeah. You see, we're putting the coversheets on all the Prosper linkfest reports now before they go out. Did you see the memo about this? Yeah. If you could just go ahead and make sure you do that from now on, that will be great. And Uh, I'll go ahead and make sure you get another copy of that memo Mmmm, Ok?
In other words, work's been kickin' my tush this last week, hence few posts. Fortunately, it's nothing that a good linkfest can't fix up!
LoanChimp continues to finish out his increasingly ill-named 3-part Prosper Days summary:
walks off the field. Sniff...
Motherdust teases out statistics for social lending factors.
The social factors that seem to be most relevant are multiple friends bidding, and/or friends who bid substantially ($300+). These factors are at least as important as autofund, low DTI, and even current DQ’s. When we combine the fundamental and the social factors, the default rate improves dramatically.
The Prosper Blog had their own version of the linkfest.
Prosper Lending Portfolio wonders about loans in Pennsylvania
What were these lenders thinking? Interest rates of 1% and less when Prosper also takes a percentage point of the interest paid. 47411 was a money loser automatically — even before default. These loans do not make any logical sense. So, I must check… How are BorowersGL and MuleShoes doing on their rate of return on Prosper peer-to-peer loans
Tom at Prosper Lending Review did a survey on whether people should dump tons of money into Prosper as a conservative investment strategy (want to guess at my take on the situation?)