Since the last investor update in April, the overall macro-economic environment has shown signs of improvement, while at the same time, a recent resurgence in COVID-19 cases and subsequent shutdowns by several states pose a risk to the ongoing recovery. At Prosper, we remain disciplined and cautious with respect to the current environment and we continue to take actions on both the current servicing book as well as new originations to help actively manage investor returns.
Company News
Prosper Performance Update – May 2020
Prosper’s Monthly Performance Updates are designed to help our investor community understand performance trends on the Prosper Platform. During the month of May, approximately 96% of originations were rated AA-B compared to 80% the prior month, driven by credit tightening in response to the current environment. Read more for additional insights into May’s performance.
Prosper’s COVID-Relief Programs Help Borrowers Impacted by the Pandemic
Over the past several months, as Americans across the country stayed home to help slow the spread of COVID-19, unemployment numbers have skyrocketed. Many people have been laid off or furloughed, making it difficult and stressful to stay on top of their finances. In response to the pandemic, Prosper has been actively working with its […]
