Earlier this year I wanted to find out if the employer of the borrower effected the default rate. Since May 2012, I have been collected data from the Browse file on employer. After a few trial and errors, I segregated the employer into various categories. I have 11 groups and several are Medical, Professional, School, and the biggest (48%) is the Common group. These are employers like Joe's pizza. Most of the employers fall into obvious categories, but I'm often on Google to check it out. I have over 3000 search terms that automatically slot the records. I started in May 2012 and since that time only 12 notes have defaulted. That is, notes that were original listed in May 2012 until today. It is certainly too early to draw any conclusions, but it is interesting that 11 of the 12 defaults are in the Common Group. It will probably take another 6 months or so to begin to draw any conclusions
Dave