Prosper will be changing the way we present the return information on our website and will begin providing historical return data for each Prosper rating. This move from expected returns to historical data is intended to give our investors even greater insight into the Prosper platform’s performance as they make their investment decisions.
Today, in addition to sharing performance data from the Prosper portfolio for June 2018, we are excited to introduce our new Chief Credit Officer, Ashish Gupta. Ashish joined Prosper in 2017 and was appointed Chief Credit Officer in the beginning of July 2018. In his current role, Ashish oversees all elements of Prosper’s credit strategy, including pricing, underwriting strategy, verification strategy, loss-forecasting, model development, model governance and credit risk aspects of new product development.
The key is knowing when paying for the convenience is within your budget, and when to grin and bear it yourself. Here are a few tips for determining the difference, allowing you to find a balance between spending money and saving time.
It’s no secret that home renovations can take a lot of time and money, but a home renovation doesn’t just make the home nicer — it can also boost its value, making it a worthwhile investment.
Today we are sharing performance data from the Prosper portfolio for May 2018. Prosper is continuing to migrate to a higher rated credit book. 54.1% of originations for the month of May were rated AA-B.
The Federal Reserve (Fed) recently announced a 0.25% increase in its benchmark interest rate to a new range of 1.75% to 2%, the seventh such hike in more than two years. After holding interest rates close to zero for several years following the last downturn, the Fed is now raising rates as the U.S. economy gets stronger.