And P2P-Loans spoke, via his blog, about my loan listing on Prosper.com. You know what? I have had limited experience with the Prosper community, but I am very impressed with the attention to details that many of the lenders bring to the process. Read through P2P-Loan’s analysis of my loan listing - this is excellent analysis. For instance:

With an interest rate of 25.45%, that equates to a $1,000 per month payment, which is large. Any bump in the road means that this borrower may choose not to repay this loan (in my experience, borrowers do not make partial payments, but rather stop paying entirely).

He brings up good points that are important when a person is trying to decide on investing in a loan at Prosper. I really appreciate the research done by P2P-Loans and I hope it helps people to decide whether my loan is a worthwhile risk to add to their portfolio at Prosper.

Why should other lenders listen to P2P-Loans when he “speaks”? Track record. Take a look at P2P Loans track record. It looks like he has helped 20 loans to close and raised almost $150,000. The majority of those loans are currently performing and even the under-performers are not dead in the water.

For those out there ready to borrow some money on Prosper, check out the post What Makes a Good Listing? - where P2P-Loans gives six important factors that gives a listing a higher probability of being successful.

I found the article Rebate for the Rich? Stimulus Plan Has Something For the Wealthy, Too! especially interesting - the change in “conforming” mortgage rules elevates the maximum amount of a loan that can be bought and sold by Fannie Mae or Freddie Mac from 400K to over 700K. That will help some of the housing market!

Thanks again for the excellent analysis P2P-Loans!