Prosper Marketplace Inc. plans to create a secondary market for loans originated on its person-to-person lending site.
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The San Francisco company said Wednesday that it had filed a registration with the Securities and Exchange Commission to develop an online system that would let participants buy and sell the loans. Analysts have said in the past that the emergence of such a market would be a sign that Prosper's peer-to-peer model had caught on within the financial services industry.
Prosper does not let lenders transfer the debts to each other, though it does hand off loans that are in default to collections agencies.
