Minor Update
July 25th, 2008 | Prosper, News & UpdatesThis update fixes/enhances a couple of front end issues.
- Renamed “Defaulted - Repurchased” to “Defaulted - NAT” (NAT = New Agency Test Loans). These loans were previously picked up through an automated script, however Prosper has now recategorized them as Defaulted. Per user request, we have hardcoded these loans as “Defaulted - NAT”. (this in no way affects roi calculations)
- Fixed a bug on the loan map page where Louisiana wasn’t showing up correctly.
- Restructuring backend/infrastructure. (You won’t notice anything different on the front end)
August 6th, 2008 at 5:17 pm
What’s the point of mentioned backend/infrastructure improvements if we are not going to notice it?
August 12th, 2008 at 12:37 pm
So … are you guys all set to handle Prosper’s new “charged off” loan status? :)
August 31st, 2008 at 8:05 pm
What happened to the monthly updates to the site? Data’s 2 week’s stale! Do I have to cut a b**** in order for this site to keep getting updated?
September 2nd, 2008 at 12:42 pm
@Wayne:
This site stops updating from time to time - many times because Prosper altered the format of their data. It’s been known to stop updating for far longer than 2 weeks. …which is a pity because this is otherwise a great site.
But meanwhile, me-thinks folks have 3 choices: endure stale data from time to time, never use lendingstats.com again, and/or withhold whatever is the source of your entitlement to an always-updating site. (Btw, what *IS* the source of your sense of entitlement to up-to-date data? A contribution via PayPal, perhaps?)
Me, I just shrug and endure the stale data….
September 13th, 2008 at 2:53 pm
I have been thinking about it and they way Prosper allocates bids for portfolios is just not right.
Once an account has $50 in it the portfolio plan should place a bid. If more than $50 becomes available the portfolio plan should increase the already placed bids to the maximum.
The system now skips to the next loan to bid.
Doing so means the lenders funds are not working rather they are sitting idle bidding on portfolio plans that will close further out into the future. This is unfair to the lender as the criteria they have established ($ amount per loan) is not being met.
It is also unfair to borrowers because loans are expiring without being 100% funded because portfolio plans are skipping right over them even if their loan application expires first to bid on other loans that may or may not be funded.
Please reconsider and give lenders the option to skip to the next loan or to fully fund prior to skipping to the next loan to fund.
September 19th, 2008 at 4:59 pm
Half of Wall Street blows up, and no comments on this blog?!? Is this blog even still live? Or is the blogger squirreled away some where playing video games? :-p
September 26th, 2008 at 5:23 pm
Sean: The reason there hasn’t been a lot of activity on the site has been because of the Wall Street ‘blow up’. I’ll write a rant about the recent events over the weekend. Needless to say there are fortunes to be made and lost in this whole fiasco.