Marketplace Lender Prosper Reports Relatively Stable Loan to Income Ratio for April 2021
May 27, 2021 @ 8:57 pm By Omar Faridi
Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared performance data from the
Prosper Portfolio for April 2021.
Prosper Performance Update – April 2021:
Highlights from the report include:
In April, “approximately 78% of originations were rated AA-B, the dollar amount of C-HR rated loan originations increased by 250bps month-over-month.”
The average loan size “was ~$13K and average borrower income was ~$107K in April, both decreasing by 2% month-over-month due to higher mix of C-HR rated loans.”
Only 3.5% of deferred loans still in deferral: ABA
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New figures have revealed that almost 97 per cent of all deferred loans resumed repayments by the end of February.
The data from the Australian Banking Association (ABA) has shown that the total value of loans deferred has dropped from a peak of $245 billion in July 2020 to just over $10 billion in February 2021.
The ABA’s analysis of the Australian Prudential Regulation Authority’s (APRA) data on the latest loan deferral figures from the major banks has shown that as of 28 February, total outstanding deferrals make up 3.5 per cent of all loans that were deferred.