Quote Originally Posted by myles View Post
Toukshare,

You may find the following two charts of interest - these are my current loan distribution and all time defaults (ignoring grades with small loan numbers):

grades.png

defaults.jpg

Using Harmoney platform average default rates can be well off if you apply any form of 'sane' selection process to your loans. It should be pretty obvious why I favour D's and E's when I can get them. Lower grades may not necessarily be lower risk. Hard to compare when everyone's selection process is different.
So the higher the number the higher the risk? The number seems more predictive than the letter! Does this perhaps suggest there could be an algorithm override happening? Perhaps I got the wrong end of the stick - again!