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Video: Mortgage and Consumer Finanancing Environment

by Prosper on 08/25/09

Pete Bonnikson, a 28 year mortgage veteran, provides his “take” on the Mortgage Industry and P2P Lending.
Watch the Video

“I’d have to say its the toughest mortgage environment that I’ve seen in my time in the business. It’s actually unprecedented how conservative lenders, in particular big banks, have gotten over the last year. I think the end result- its actually quite unfortunate, It’s freezing out from the markets a lot of very high quality borrowers, who in years gone past would have had access to loans that are really being frozen out today.”

Watch the entire video below:


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Notice: Blogs and other materials posted on or linked from this page that use the name "Prosper" generally use that name to refer to Prosper Marketplace, Inc. if published before January 31, 2013 and to refer to Prosper Funding LLC if published on or after February 1, 2013.