I was going through some of my old saved searches for Prosper and noticed that they were returning a lot of results. I’m not sure whether the quality of the listings have improved or that lender’s have gotten smarter. Listings are not getting bid down to absurdly low rates now and are starting to look enticing.

On a side note, I was glancing over the Penncro collection rates for delinquent loans on Prosper and they haven’t changed much since May. First month recovery rates have gone up from 7.8% to 8.08%. Second month recovery rates have gone down from 2.79% to 2.49% and 3 month+ recovery rates have gone from 2.01% to 2.05%. Basically collection has not gotten better or worse in 2 months, hopefully FirstSource will have better recovery rates once enough data is available.

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