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.
October 7, 2016
Prosper Daily’s New Credit Card Optimizer Makes Choosing the Right Card Easier
By Prosper
Since the average American has at least three credit cards and if they’re in debt, pays more than $2,600i in interest fees per year, chances are you may not know which card to reach for when you’re at the cash register. The good news is, there’s an app for that.
September 16, 2016
Prosper Performance Update: August 2016
By Brad Pennington
Today I am proud to share the Prosper Performance Update for August 2016. As you will see in the Update, estimated returns on the August production continue to be slightly above 7% on average.* The Update also shows that the 2016 portfolio is on track to have the highest Internal Rate of Return (IRR) target since 2013 and the highest average FICO to date. We believe this is a result of policy interventions made throughout 2016. Prosper also believes that these ongoing policy improvements will positively impact delinquency in the new 2016 vintages.
August 9, 2016
Prosper Performance Update: July 2016
By Brad Pennington
Today, I am proud to share the Prosper Performance Update for July 2016. As you will see in the Update, expected returns in the first and second quarter of 2016 production are just above 7.4% on average.* The Update also shows that early delinquency for 2016Q2 vintages is below 2015Q4 and 2016Q1 levels.
August 1, 2016
#MyProsperStory Investor Q&A with Prosper Investor: Matt O’Malley
By Remi Harrad
Matt O’Malley is the co-founder, President and Chief Operating Officer at Looking Glass Investment (LGI), a private investment firm focused on marketplace lending as an alternative to traditional–and often volatile–equity markets. We reached out to learn more about LGI and Matt’s experience investing with Prosper. Here’s what he had to say: