Today we are sharing performance data for the Prosper portfolio for February 2017. The Prosper portfolio continues to deliver an estimated return above 7%. During the month of February, we continued to see the expected shift in rating distribution of the book towards higher-risk ratings as a result of the implementation of our PMI7 credit model. […]
Prosper will be updating rates offered to people who borrow through the Prosper platform as of March 2nd. This update will impact AA, A and B rated loans, with an increase in pricing of approximately 60bps, 50bps, and 20bps, respectively. Additionally, HR rated loan rates will decrease by 10bps, which is driven by the desire to […]
Today we are sharing performance data for the Prosper portfolio for January 2017. January was an exciting month for Prosper because it was the first month where the majority of originated assets were underwritten using our new PMI7 custom score. As anticipated, PMI7 increased the loss and return expectations for the entire Prosper portfolio. Interestingly, we […]
Winter can be a great time to tackle one or two home improvement projects that will not only have your home warm and cozy, but save you some serious dough. Here are five tips to get you started: 1. Do your homework. If you’re going to hire a contractor for your project, try to get […]
Today we are sharing performance data for the Prosper portfolio for December 2016. As you will see, the estimated return on December 2016 production is 6.45%*, with the platform distribution continuing to increase in the higher Prosper ratings. We believe this is the result of pricing updates that were made in October 2016 to match […]
With the holidays behind us, many consumers are dealing with a mean post-holiday hangover. According to a new report from Finder.com, American consumers are estimated to have spent over $181M on presents during the holidays. And if you’re one of the many consumers that needs a little help dealing with holiday credit card debt, here are some tips to help you recover faster and prioritize your credit health, which is a new year’s resolution anyone can feel good about.