WealthBoy - Latest Comments in The WealthBoy Strict ROI for Prosper Lenders

Re: The WealthBoy Strict ROI for Prosper Lenders

WealthBoy — Mon, 14 Apr 2008 07:06:10 -0000

That's right, it was a defaulted loan that had been bought buy a debt buyer, not one that was in the lawsuit.

Re: The WealthBoy Strict ROI for Prosper Lenders

RateLadder — Mon, 14 Apr 2008 00:46:53 -0000

The loan we were looking at was defaulted and had nothing to do with my repurchased loans... I have 6 loans in the lawsuit... so similarly my numbers are also lower.

Re: The WealthBoy Strict ROI for Prosper Lenders

WealthBoy — Sat, 12 Apr 2008 23:09:34 -0000

Stephen:

Interesting... I was looking at one such loan for RateLadder that he told me had been sold to a debt buyer. On the site it appeared it had been marked as a repurchase, I could have sworn that in the data export it showed up as a default. Therefore it behaved as it should have within the ROI calculation. However, I took a look at the detail for your account, and they have indeed been marked as repurchased loans. In fact, none of your loans show up as defaults and according to the data you have three repurchased loans.

I suppose it's something else that needs to be added to the list of issues with my ROI calculation. Of course, this one isn't my fault. :) There's nothing I can do about Prosper flagging them as repurchased loans when in reality they are defaults. Perhaps they might be able to do something in the future to resolve this issue. Perhaps a new status to add (Repurchased by Debt Buyer)? Even if they do want to mark them as repurchased loans, they could at least display the proper NetDefaults value in the LoanPerformance table. Thanks very much for bringing it to my attention.

Re: The WealthBoy Strict ROI for Prosper Lenders

WealthBoy — Sat, 12 Apr 2008 19:23:27 -0000

Chrisfs:

There are some subtle differences in the syntax between MySQL and SQL Server, but it should be doable. You'll need to use regular tables instead of temp tables and table variables as I've done. It may take a bit of work to get the reinvestment cursor coded for MySQL as well.

Re: The WealthBoy Strict ROI for Prosper Lenders

Chrisfs — Sat, 12 Apr 2008 13:51:36 -0000

Looks good, will it port easily to MySql ? that's what I have access to (no pun intended...)

Re: The WealthBoy Strict ROI for Prosper Lenders

Stephen Wilson — Sat, 12 Apr 2008 11:36:01 -0000

Thanks, Wealthboy!

It's great to have a computation on ROI that I can work with. One of these days I'm hoping someone produces some standard ROI numbers, such as YTD ROI, quarterly, annual, and eventually 2 year, etc.

I really appreciate you taking the time to do that! It looks like the basic problem that exists for LS and ericss with repurchased loans is still a factor I have to consider. I have 2 loans marked "repurchased" by Prosper that are part of the lawsuit, but they've marked them as defaulted as far as loan losses are concerned. I have $95.81 in losses from 2 loans in this category that make my actual ROI lower.

Thanks, and take care!

Re: The WealthBoy Strict ROI for Prosper Lenders

WealthBoy — Fri, 11 Apr 2008 19:38:52 -0000

Screen Name: VegasStephen
Total Bid Count: 90
Total Reinvested Bids: 30
Total Originations (total amount loaned): $4,590.09
Total Investment (total amount loaned excluding reinvested bids): $3,090.09
Total Income (total principal and interest less fees): $1,720.40
Total Profit (total interest less fees and defaults): $475.50
Total ROI: 15.39%
Average Loan Age: 10.43 months
Annualized ROI: 17.71%

Re: The WealthBoy Strict ROI for Prosper Lenders

Stephen Wilson — Fri, 11 Apr 2008 14:53:43 -0000

Hi Wealthboy,

neat computation! I really wish Prosper would put more effort into creating some ROI stats for us. When you have some time, would you mind running it mine: vegasstephen

Thank you!

Re: The WealthBoy Strict ROI for Prosper Lenders

WealthBoy — Fri, 11 Apr 2008 11:21:13 -0000

I'm looking forward to seeing the WBSROI on ProProsper. Here are your stats:

Screen Name: RateLadder_com
Total Bid Count: 324
Total Reinvested Bids: 115
Total Originations (total amount loaned): $16,296.50
Total Investment (total amount loaned excluding reinvested bids): $10,500.92
Total Income (total principal and interest less fees): $6,067.12
Total Profit (total interest less fees and defaults): $1,138.48
Total ROI: 10.84%
Average Loan Age: 11.81 months
Annualized ROI: 11.02%

Re: The WealthBoy Strict ROI for Prosper Lenders

WealthBoy — Thu, 10 Apr 2008 18:55:12 -0000

Screen Name: vegibenz
Total Bid Count: 56
Total Reinvested Bids: 30
Total Originations (total amount loaned): $2,895.48
Total Investment (total amount loaned excluding reinvested bids): $1,378.58
Total Income (total principal and interest less fees): $1,609.89
Total Profit (total interest less fees and defaults): $100.80
Total ROI: 7.31%
Average Loan Age: 23.55 months
Annualized ROI: 3.72%

Re: The WealthBoy Strict ROI for Prosper Lenders

RateLadder — Thu, 10 Apr 2008 17:28:23 -0000

Looks good... I will be adding it to ProProsper, but I am swammped with work...

Thanks for putting in the work and making the calculation open source.

Re: The WealthBoy Strict ROI for Prosper Lenders

Casey — Thu, 10 Apr 2008 17:27:52 -0000

I'm intrigued. Can you run the stats on user:vegibenz (my screenname)?