Thursday, December 27, 2007

Debt sale on Prosper: 701 loans

701 defaulted loans have been sold to debt buyers for prices ranging from 2.8% to 14.5% of principal. This is the largest debt sale on Prosper with more than twice as many late loans sold as the previous largest debt sale three months ago.

Here are the results of the debt sale as reported by Prosper:

Debt Sale Weighted Average Prices

  • Homeowners - 12.5%
  • Non-homeowners - 7.3%-9.6% depending on credit grade (NC was 4.8%)
  • Texas (all) - 3.5%
Unlike the most recent debt sale, homeownership played a significant role in the final sale price.

No comments: