US peer-to-peer lending platform Prosper noticed its common mortgage dimension dip by 0.5 per cent month-on-month in March to $14,199 (£11,451), which it attributed to a decrease mixture of AA-B rated mortgage originations.
That is the second consecutive month-on-month drop in common mortgage dimension.
Prosper loans are assigned a ranking from AA (decrease danger, decrease return) to HR (increased danger, increased return).
Prosper’s common mortgage dimension is the biggest for its top-rated loans. In March, its AA-rated loans had a mean dimension of $17,807, in comparison with its HR loans at $7,774.
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The lender’s newest replace additionally revealed that the proportion of AA-B rated mortgage originations in March comprised roughly 58.5 per cent of complete mortgage originations, representing a 2.1 per cent lower month-on-month.
B-rated loans continued to take the biggest share of originations, at 29.6 per cent, whereas HR loans made up simply 0.8 per cent.
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The weighted common borrower charge for January originations rose month-on-month to 16.8 per cent and the median mortgage to earnings month-to-month fee ratio elevated barely month-over-month by 0.1 per cent to five.6 per cent.