All posts by Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics Andrey Kamenov is a data scientist working for Advameg Inc. His background includes teaching statistics, stochastic processes and financial mathematics in Moscow State University and working for a hedge fund. His academic interests range from statistical data analysis to optimal stopping theory. Andrey also enjoys his hobbies of photography, reading and powerlifting.

More borrowers make early loan repayments in spring

Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics

In a post some time ago, we studied seasonal patterns in loan default rates. At the same time, early loan repayments are relatively common, amounting to more than 15 percrent of all loans in the western states. And since early loan repayments are usually voluntary decisions (unlike defaulting on loans), it would be especially interesting to see if we can find any seasonal patterns here.

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Borrowers in the West repay faster

Andrey Kamenov

Andrey Kamenov, Ph.D. Probability and Statistics

It is no secret that some people prefer to repay their debts once they are able to, instead of waiting for the due date. Let’s see if this philosophy applies to the peer-to-peer lending market.

Here we focus on the both major P2P lending marketplaces in the U.S.: Lending Club and Prosper. We also define the early repayment rate to be the percentage of all loans currently active which have been repaid at some age (in months since the origination date).

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