Prosper closed September with another solid performance. They issued $171.6 million in loans last month up from $167.6 in August...
Prosper has maintained their incredibly rapid growth this past month and issued $124 million in new loans in May, up...
May 3 will go down as a dark day in the history of this industry. First, we had OnDeck’s stock...
More big news from Prosper today and this story is very significant. Prosper has completed their first acquisition – American...
For some weeks now the number of loans available to retail investors on Prosper has been paltry. The above screenshot...
Global Debt Registry (GDR) has been steadily growing its business now announcing that Prosper will join the firm's verification network; by partnering with GDR, Prosper can enhance the reporting for its institutional investors; according to John Goldston, director of capital markets at Prosper, "GDR's eValidation and eVerify asset certainty tools fit easily into our existing data structures and processes, allowing our investors to seamlessly access GDR's enhanced verification and loan-level diligence services." Source
In a letter to investors, Prosper has announced they are releasing their seventh generation credit model (PMI7) around December 20, 2016; Prosper also announced they are changing their credit bureau from Experian to TransUnion; according to Prosper, "Using TransUnion will allow us to leverage trended historical data on borrowers and make better underwriting decisions within the new credit model."; Prosper's rating system on loans from AA-HR will remain the same.
Prosper.com announced today that they have lowered interest rates across the board for all new loans. You can read the...
There is big news out of Prosper this morning. They have made their second acquisition this year (in January they...
Investors visiting Prosper.com in the last day or so will have noticed something new. On the browse listings page there...