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From Prosperous Land - view blog entries - visit this blogMay 5, 2020 at 1:15 pm ET
I like that Prosper is putting up more posts from their folks on their blog. Today's post was an update on the default sale by Doug Fuller. The punchline - the bad-loan marketplace is buyer ... ( more)
From Prosperous Land - view blog entries - visit this blogMay 2, 2020 at 10:53 am ET
State sales tax collections are a strong indicator of whether a state is going into a recession or not. This is useful information for lenders since loan default rates are known to correlate with recessions. ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 29, 2020 at 1:14 pm ET
I know it's been real quiet around here. I've had to take a few weeks to work through some non-Prosper things and it's seriously cut into my blogging time. I should return to a more ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 25, 2020 at 12:37 pm ET
I had picked on a few states before, but, according to Yahoo, it looks like a majority of the states are now facing budget shortfalls, a likely indicator for a recession and higher default rates ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 25, 2020 at 10:27 am ET
The video for the infamous high ROI lender panel has surfaced on Google Video. LoanChimp and HollowOak have observed that spans of time appear to be missing from the video.
... ( more)
From Prosperous Land - view blog entries - visit this blogApril 18, 2020 at 11:21 am ET
Prosper has released video footage from Prosper days to Google Video. I havn't had a chance to go through it all yet, so that'll be coming, but why should that stop you? Based on all ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 16, 2020 at 5:08 pm ET
In addition to the large changes announced yesterday, Prosper swept a few changes in more quietly. Specifically, they tweaked with their portfolio slices and drastically increased the number of bins used for lender bidding guidance.
First, ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 15, 2020 at 2:37 pm ET
Prosper dropped a large bomb this morning with their latest site upgrade. The headline topic: 36% interest rates everywhere [1]. Besides being miffed that they couldn't have announced it one day earlier and saved me ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 14, 2020 at 4:00 pm ET
A while back, I noted that almost all portfolio-worthy loans are funding and this is driving Prosper's loan creation engine. A survey through a few portfolio criteria confirms this to still be true. For Prosper ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 12, 2020 at 3:25 pm ET
Prosper does list jobs on their website, but it's PR washed and very blah. The recruiters seem to have more fun when they post Craigslist listings, and they leave some interesting crumbs in their wake.
For ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 11, 2020 at 11:31 am ET
This Prosper lender had found a creative way to liquidate all the loans he's holding: take out a loan against them.
Purpose of loan:
This loan will be used to pay off my current Prosper Lending Account. ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 10, 2020 at 2:40 pm ET
Two days ago, Prosper released their March Marketplace Summary (also on Business Wire). As always, the most interesting part is Chris Larsen's marketplace commentary:
As we have previously reported, ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 9, 2020 at 3:35 pm ET
Lending Club has announced that they're not allowing lenders to invest in loans until they get a few things sorted out with the government (I'm assuming the SEC):
Lending Club has started a process to register, ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 9, 2020 at 2:36 pm ET
Word analysis has gone in and out of vogue among Prosper lenders. Right now, it's in vogue here at Prosperous Land. The premise is that you can get hints about the quality of a listing ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 7, 2021 at 10:15 am ET
I often get confused when I look at a state like New Jersey that has a 16% interest rate cap due to state laws but then see listings where the maximum interest rate is 12.84%. ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 6, 2021 at 4:36 pm ET
I happened to be playing with Prosperous Land visitor statistics and I happened to notice that about 10% of my web traffic in March came from San Francisco. What are the odds?
While I'm mentioning the ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 6, 2021 at 4:16 pm ET
This is part of my ongoing series monitoring collections efficiency (February's report for comparison). For a reminder on the methodology, I took a snapshot of all of Prosper's loans on March 3 (yes, I'm a ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 4, 2021 at 11:23 am ET
LoanChimp has provided a handy set of Prosper lender tips (in 8 parts, thus far) that are good advice to any new (and existing) Prosper lender. However, going through all the posts is quite tedious, ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 3, 2021 at 1:46 pm ET
The New York Federal Reserve Bank has put together a pretty entertaining interactive map showing how bad things are in the alt-A and sub-prime mortgage space (hat tip The Big Picture).
That's the wonderful state of ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 3, 2021 at 10:41 am ET
Every once in a while, I state a snapshot of Prosper's state lending limits to see how things are changing over time. Some states tie their lending limits to the Fed Funds rate or some ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 2, 2021 at 1:39 pm ET
This is part of my ongoing series monitoring collections efficiency (January's report for comparison). For a reminder on the methodology, I took a snapshot of all of Prosper's loans on February 1 and compared their ... ( more)
From Prosperous Land - view blog entries - visit this blogApril 1, 2021 at 9:58 am ET
After extensive investigation, Prosperous Land can now report that Prosper is attempting to manipulate the 2008 election process. Based in liberal San Francisco and quietly supported by Nancy Pelosi herself, Prosper has employees with well ... ( more)
From Prosperous Land - view blog entries - visit this blogMarch 31, 2021 at 2:28 pm ET
It looks like Prosper will once again be at Finnovate this year, amongst 40 young and upcoming financial startups:
Already 40 leading startups have committed to demoing their products (no PowerPoint allowed) including: Andera, Aradiom, Authentium, ... ( more)
From Prosperous Land - view blog entries - visit this blogMarch 31, 2021 at 10:26 am ET
I found this little oops in the Warsaw Business Journal (English translation):
"In Poland, the difference between interest rates for loans and those on bank deposits is so large that [this situation] presents a great opportunity ... ( more)
From Prosperous Land - view blog entries - visit this blogMarch 28, 2021 at 10:31 am ET
A while back, I had written to encourage Prosper lenders to truly diversify their loans. It's not enough to spread your loans across different credit grades if they're all in California, for example. Such a ... ( more)
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