Highlights from the report include:
- In July, approximately 85% of originations were rated AA-B compared to 91% in the prior month.
- The weighted average annual income of borrowers on the platform in July was $109K, which represents a 6.5% increase year-over-year.
- The weighted average borrower rate for July originations increased by 51 bps month-over-month, due to a higher mix of C-HR rated loans originated over the period.
Portfolio insights and key charts can be found here.
The Prosper Performance Updates are designed to help our investor community better understand performance trends and to provide important insights into the trends we are seeing and the information needed to invest through the Prosper platform.
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