Banking in Today’s Economy

09/23/09 posted by Prosper Blog

Sedrick Tydus, Chief Operating Officer of Alta Alliance Bank - a community bank headquartered in Oakland CA, provides his perspective on current banking issues, personal loans and real estate loans: “There was a shortage of community banks and we saw a niche to provide a unique service to customers that appreciate the hands on approach of a community bank.”

Prosper Sees Debt Consolidation Hit All Time High

By Prosper Blog on 02/23/10 [ ]

Today Prosper released January 2010 statistics. Notable in January was the increase in personal loans for debt consolidation purposes.
Over the course of the last six months, debt consolidation loans have been ticking up, and in January hit an all time high of 59% of loans. Historically debt consolidation has tracked at approximately 45% of loans.
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Prosper VC’s Bridge to Series D Fund Raise

By Prosper Blog on 02/3/10 [ ]

As many have presumed, Prosper is in the process of raising another round of capital to continue building what is emerging as the future of consumer and small business financing. The process is going well and we have strong interest from a number of world class investors. We look forward to announcing our Series D [...]

Prosper Releases Peer-to-Peer Lending Market Survey

By Prosper Blog on 01/27/10 [ ]

Today Prosper released December 2009 statistics and second half 2009 marketplace performance metrics.
Notable in the second half of 2009 – the period following Prosper’s SEC registration quiet period – the weighted average borrower credit score was 742 and the average loan amount was $4,369. These two metrics reflect the high credit quality of [...]

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