We’re Back
August 7th, 2007 | News & UpdatesWe’re back after a longer than expected hiatus. We apologize for the delay between updates. There’s a saying that things happen in threes, well, in a perfect storm of sorts, our web programmer needed to take a leave of absence last month. Between that, the Prosper data changes, and our backend changes/server migration, we’ve been trying to pick up the slack.
Things should hopefully be back to normal now. We’ve tweaked our site and added a blog to keep you better informed of things like this in the future. We look forward to your comments.
August 11th, 2007 at 7:30 am
Welcome back! Thanks for the service you provide.
August 12th, 2007 at 12:31 am
Great to have you back!
One little comment: The “Prosper Investor Breakdown by Investment Size” should be re-done so the pie chart shows not the NUMBER of lenders in each bucket, but their aggregate investment in Prosper.
August 13th, 2007 at 6:58 am
I supose you’re probably aware of this, and already working on it, but there’s a problem with the display of the number of late loans. I have 5 lates, and you show them, but the screen shows zero. Whasup with that?
– jcw3rd
August 13th, 2007 at 9:06 am
I missed your stats, and it’s great to have you back. How can I help? Do you take contributions, or should I just click on your ads?
August 13th, 2007 at 5:24 pm
Just curious about the data in the table you present at the bottom of the page “Prosper Loans Funded”. It would indicate that there was a surge of loan defaults in 2006, but that the amount (and number) of defaults in each month of this year has been ZERO. Is this accurate? If so, what’s your guess as to why the Prosper loan environment has become so risk-free? The same situation is reflected in the delinquency rate, which has fallen continuously this year and reached zero in July. Neither of these statistics seems likely to be true.
August 13th, 2007 at 6:47 pm
Woohoo! Welcome back!
Mike
August 13th, 2007 at 7:18 pm
Glad to be back. Definately will be digging through the inbox full of emails..
jcw3rd: Found the problem, it’ll be fix shortly. Need to test it before going live with it. It shouldn’t be a big deal for now since all the data is correct except for that table on the member profile page.
adcva: The reason why the default rate and delinquency rate is lower for loans made in the more recent months is because they have not had time to go late yet.
e.g. Loans made within the last 45 days will have a 100% current status since it takes at least 45 days before a loan will show up as late on Prosper. Hope that makes sense.
August 14th, 2007 at 9:26 am
Welcome back. You’re site is awesome and packed with interesting and useful information. Missed you.
August 16th, 2007 at 8:59 am
Is there some kind of lag time between postings on your web-site and the prosper web-site? For instance, 1day? 2days?
It’s great to have you back on line! You provide a wonderful service.
August 16th, 2007 at 12:02 pm
The data is updated nightly. You can check the bottom right corner to see date that the data was last updated. Hope that helps.
August 22nd, 2007 at 4:29 pm
To continue the comment (#5) regarding reported delinquencies and late loans, I take it from your response (#7) that the chart does not in fact show how many loans were declared delinquent in each month listed at the left of the chart, but rather it reports the percentage of the loans ORIGINATED in the each month listed at the left of the chart. It would be nice if it said so.
If not, and in fact the chart is saying how many loans (and total dollars) have been declared defaulted AS OF the month listed at the left of the chart, then again it is not clear why the number of defaults would not be consistent with the number of loans in place (there should be more defaults reported last month than any month in 1996, as there are more outstanding loans and more of them are aged).
August 22nd, 2007 at 4:31 pm
Sorry, meant to focus on defaulted loans in the previous post, but wound up mixing in delinquencies (though the same comments apply).
August 22nd, 2007 at 11:38 pm
Hey adcva,
“it reports the percentage of the loans ORIGINATED in the each month listed at the left of the chart”
This is correct, I can see where the misunderstanding is coming from and will make of note of it on the page for the next update so other people won’t get confused. Thanks.