Today we are sharing performance data from the Prosper Portfolio for September 2022.
Highlights from the Prosper Performance Update – September 2022:
- Prosper launched 2-year and 4-year loan terms in addition to the current term offerings and increased maximum loan amount offered from $40K to $50K for borrowers with Prosper Ratings of AA and A.
- In September, approximately 62% of loan originations were rated AA-B, increasing by approximately 193 bps month-over-month.
- Average loan size in September increased 5.7% month-over- month primarily due to increased maximum loan size across Prosper ratings.
- The median monthly payment on Prosper loan to Income (PTI) ratio for September increased slightly to 5.17%.
- The weighted average borrower rate for September originations increased 10 bps month-over-month to 14.89%.
Portfolio insights and key charts can be found here:
Prosper Performance Update – September 2022
The Prosper Performance Updates are designed to help our investor community better understand performance trends and provide important insights into the trends we are seeing and the information needed to invest through the Prosper platform.
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