Posts Tagged ‘ Lend To Others ’

Prosper is now open to Maine lenders effective July 30th, 2009. We are pleased to inform our lenders in Maine that we have received state clearance and are now effective for business. We already have hundreds of lenders and borrowers participating in the first auction based peer-to-peer loans platform Continue reading Prosper Welcomes Maine Lenders

The current financial crisis has put enormous stress on our economy and unfortunately everyone in the consumer lending business, including Prosper lenders, are feeling the effects. Although credit losses are always unwelcome, they are an unavoidable fact of consumer lending and only represent half of the return equation. Continue reading Why Prosper’s Auction Model Was Worth The Wait

Collections.  A subject close to everybody’s heart. Over the next two or three weeks, I intend to publish a number of posts discussing various aspects of collections – the status of the legal test and evolving legal strategy; debt sales and collections on charge-off accounts; additional plans for collections strategy and reporting. Continue reading Collections Series - Part 1

Although Prosper completed the federal regulatory process, Prosper must also complete a different regulatory process for each state before lenders in that state may invest though our marketplace. 

We are diligently working through the process, but ultimately Continue reading Prosper is working hard to gain access for investors in all states

Great interview on the Charlie Rose show – Floyd Norris from NYT.  He points out this is a great time to be a bank -  a lack of competition amid tighter underwriting means banks can dictate terms to even their best borrowers.

Continue reading A Great Time to be a Banker