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July-16-2008
In June, two very interesting independent academic studies were released.
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June-10-2008
In May, a record number of loans—in terms of dollars and units—were funded in the Prosper marketplace. The sudden increased supply of loan listings with an attractive risk-return tradeoff (as cited in last month's survey) was the key driver of the record level of originations.
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May-13-2008
The supply of loan listings with an attractive risk-return tradeoff hit an all time high and approximately doubled compared to the prior month. At the end of March, the supply of loan listings with an attractive risk-return tradeoff was approximately $5 million; and at the end of April the supply increased to approximately $11 million and has remained at that level into May.
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Apr-08-2008
Prosper's mix of "well priced" loans has dramatically changed from the same period last year with approximately a 200% increase in the percentage of "well priced" loans and a six-fold decrease in "low priced" loans. Part of this positive trend is attributable to the introduction of portfolio plans and performance guidance from the Prosper Marketplace.
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Mar-11-2008
Spurred by the credit crunch, attractive rates, and lender demand for conservative assets, Prosper reported that the number of prime borrowers creating listings and obtaining loans continues to hit record levels.
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Feb-12-2008
Since launching on February 13, 2006, Prosper's funded loan volume has grown to over $117 million, up approximately $81 million or 225% from its first year. Prosper's national membership now consists of over 580,000 individuals, up approximately 405,000 or 230% over the same period.
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Jan-15-2007
2007 proved to be a pivotal year for US markets as we abruptly transitioned from optimism to fear of imminent recession. Who could have predicted at the start of 2007 that the word "subprime" would be voted the word of the year?
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Dec-11-2007
The $100 million milestone is a reminder that Prosper's rich and unique set of historical performance data has the potential to benefit both lenders and borrowers. The free flow of information is the cornerstone of any successful marketplace and Prosper is committed to making its marketplace data transparent and accessible.
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Nov-13-2007
While Prosper lenders are shying away from subprime, there is ongoing strong demand for the ever increasing number of prime and near prime borrowers coming to Prosper to consolidate their credit card debt at lower rates and to fund or expand their small business endeavors.
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Oct-12-2007
Many might assume that the Prosper marketplace would act less like the mortgage markets and more like the credit card and savings rate markets given that the latter compete with Prosper. Nevertheless, the month over month drop in average borrower rates indicates that the Prosper marketplace may have anticipated the Fed cut.
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Sep-12-2007
As consumers are being hit with the evaporation of introductory credit card rate offers and home equity loan options, Prosper is becoming an even more attractive financing alternative, particularly for more creditworthy borrowers.
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