Prosper, a peer-to-peer lending company that connects borrowers and investors with more than $ 17 billion in loans issued through its platform, shared its Performance update report for the month of July 2021.
Like Noted in the report prepared by Haiyan Huang of Prosper, dated August 13, 2021:
“In July, about 67% of loan origination was rated AA-B. The average loan amount remains relatively stable from month to month. Prosper’s median monthly loan-to-income ratio (PTI) payment for July rose 12 basis points month-over-month to 5.21%.
The Prosper team added:
“The weighted average borrower rate for July originations increased 25 basis points from the previous month, mainly due to the growing mix of C-HR loan originations.”
Further portfolio information and key charts can be viewed here.
As the company noted, Prosper Performance Updates are designed and intended to help their investing community better understand key performance trends. The updates are also meant to offer important insight into the trends observed by the Prosper team and the information needed to invest strategically through the platform.
As covered in July 2021, Prosper had revealed:
“In June, we implemented the brand new credit risk rating model, the PMIX. Following the implementation of PMIX, the C-HR rating mix increased to 26%. Prosper’s credit-adjusted average loan size and median monthly loan-to-income ratio (PTI) payment remained relatively stable month over month. “
Prosper’s median monthly loan-to-income ratio (PTI) payment for June 2021 had remained “relatively stable” at 5.09%, the company reported last month. He also mentioned that the weighted average borrower rate for the June 2021 creations was up 24 basis points from the previous month, mainly due to the “growing C-HR mix.”
Prosper said 78% of the fixtures were rated AA-B as of May 2021, with an average loan size of $ 13,000. Prosper also confirmed a relatively stable loan-to-income ratio for April 2021.