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No Paternity Test was Required – or Desired
April 6, 2008 – Today’s “Sunday Business†section of The New York Times is a “keeper.†It contains several fine and germane articles which will bear reading again and again as time passes and as events in the financial world continue to develop.
The lead story is about the subprime-mortgage travails of UBS, the giant of Swiss banking, which was formed as a merger of Union Bank of Switzerland and Swiss Bank Corporation in 1998. UBS found itself with a total exposure of $80 billion in less-than-stellar mortgages, some of which had been posted by its Dillon Read subsidiary. To date,…
6Apr2008 | William Kurtz | Comments Off | ContinuedProsper’s Portfolio Plans: How to Get the Best Returns
One of the biggest issues any new lender will face is how to gauge what his or her true return on investment is. It is somewhat misleading to bid on a loan with a high interest rate attached because there are so many additional factors that come into play later on that will reduce your overall return.
For example, how many of these loans have historically defaulted? Generally, the higher the credit grade, the higher the return. However, when creating a portfolio plan in Prosper, you can easily score a higher return with a lower credit grade by adjusting constraints…
16Mar2008 | Jutia Group | Comments Off | Continued
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