Version 2.1.2: Updated to similar loans
It once again displays the loans in descending date order. This way it is easier to see the more recent loans and determine why they defaulted. Also on the additional info link on the similar loan page I have added some summary stats like this:
Thru 2006.6 :11 : 2 : 18.18%
Thru 2006.12:48 : 9 : 18.75%
Thru 2007.6 :102 : 15 : 14.71%
Thru 2007.12:102 : 15 : 14.71%
Total :334 : 15 : 4.49%
Basically it shows the number of loans and number of defaulted loans for the various periods. As in this example... even though the average for the entire loan set is 4.4%, you can see a trend as the loans age for the default rate to jump to 14%.
Just another metric I use to look for reasons not to bid on a loan. That is the essence of my advice. The more I study the similar loans prior to bidding, the better I understand what to look for in new listings that I bid... I highly recommend you spend the time as well.
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