Earlier this week in anticipation of the Fed Rate hike, we discussed Prosper’s approach to portfolio pricing in a rising rate environment. Our goal with rate-setting is to deliver value for both sides of the Prosper platform by providing a fair price for borrowers and a reasonable return for investors.
Today we are sharing performance data from the Prosper portfolio for January 2018. Credit tightening continues in the riskier grades, shifting the portfolio to an increased concentration of lower risk assets: 54.3% of assets were rated AA-B in January vs. 49.5% in 2017 Q4 and 41.8% in 2017.
It’s tax season! To help navigate this process we’ve created a 2017 Prosper tax guide with general information about the 1099 tax form(s) you may receive from Prosper.
Today we are sharing performance data from the Prosper portfolio for December 2017. As we highlighted in our previous report, credit tightening continues in the riskier grades, shifting the portfolio to an increased concentration of lower risk assets: 52.1% of assets were rated AA-B in December vs. 41.6% in 2017 Q3.
Today we are sharing performance data from the Prosper portfolio for November 2017. As we highlighted in our previous report, credit tightening continues in the riskier grades, shifting the portfolio to an increased concentration of lower risk assets: 50.3% of assets were rated AA-B in November vs. 46.2% in October and 41.6% in Q3 2017.
Today we are sharing performance data from the Prosper portfolio for October 2017. As we highlighted in our previous report, credit tightening in riskier grades
Today we are sharing performance data from the Prosper portfolio for September 2017. This month credit tightening in the higher risk segments continues to slowly shift the portfolio to a higher concentration of lower risk assets (44.0% of assets were rated AA-B in September compared with 41.9% in August).
Today we’re sharing the performance update from the Prosper portfolio for August 2017. This month we saw credit tightening in the higher risk segments continues to slowly shift the portfolio to a higher concentration of lower risk assets (41.9% of assets were rated AA-B in August compared with 39.1% in July).
Today we are sharing performance data from the Prosper portfolio for July 2017. Our risk team implemented a credit tightening in July aimed at removing certain populations of borrowers from originations on a go-forward basis. As a result of this credit tightening, the overall distribution of the book shifted slightly towards lower risk loans. This slight shift resulted in an overall portfolio coupon decrease of 45bps and an overall return estimate decrease of 26bps.
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