Prosper Blog
November 22, 2016
12 Financial Tips to Get Your Wallet Ready for the Holidays
By Jennifer Clark
Whether we like it or not, we’re inching closer and closer to the holidays, a time filled with cocktail parties, family gatherings, winter travel, and piped-in Christmas carols if you’re bold enough to step inside a mall.
November 15, 2016
Prosper Performance Update: October 2016
By Brad Pennington
Today we are sharing performance data for the Prosper portfolio for October 2016.These updates are intended to give our investors important insights into the trends we are seeing, including as it relates to overall performance and estimated returns. As you will see, estimated return on October 2016 production is just under estimated return for Q3 2016. Also shown in the update, FICO remains approximately 10 points higher than FICO from than its lowest point in 2015 and early 2016.
November 1, 2016
#MyProsperStory 2016 Photo Contest Now Open for Entries!
By Remi Harrad
Today we’re excited to announce the kick-off of the #MyProsperStory 2016 Photo Contest! For the third year in a row, we’re celebrating our community and their commitment to advancing financial wellbeing. Beginning today through November 15th, Prosper borrowers can submit a photo and written description of what it looks like “to be on top of your finances.” We’re looking for vivid photos and compelling captions, and we’re excited to see what everyone will share. In years past, our hearts were warmed, eyes watered and we’ve even laughed out loud at the creative and powerful stories that we have received from our community. To check out some of last year’s video submissions, you can visit the Prosper Facebook page.
October 30, 2016
Why Banks and Marketplace Platforms Are the Perfect Match
By Gene Yoshida
Marketplace platforms provide a platform through which creditworthy borrowers can obtain loans with competitive rates and investors can commit funds to those loans. Prosper pioneered the industry of peer-to-peer-lending over a decade ago and allows borrowers to access 3 to 5-year fixed term personal loans ranging from $2,000 to $35,000. In exchange for their investment, investors receive monthly principal and interest payments, less a servicing fee, as borrowers repay their loans. WebBank originates all of the loans sourced through Prosper’s marketplace and Prosper services these loans.
October 25, 2016
Prosper Announces Pricing Change
By Brad Pennington
Today, the rates offered to borrowers through the Prosper platform are being modified. The changes are a direct result of the forward looking credit market, interest rate expectations, the US credit environment and the competitive environment in US consumer unsecured lending.
October 17, 2016
Prosper Performance Update: September 2016
By Brad Pennington
As we have done for the last several months, today we are sharing performance data for the Prosper portfolio as of September 30, 2016.These updates are intended to give our investors important insights into the trends we are seeing, including as it relates to overall performance and estimated returns. While estimated returns on September 2016 production remained just above 7%*, the estimated returns show a 15 basis point drop from August production. We believe the factors that contributed to this change were 1) a slightly lower percentage of five year loans that were originated in the period; and 2) a higher percentage of B and above loan grades in the period.