August is the month investors and stakeholders have been anticipating since the start of COVID-19 because additional unemployment benefits were scheduled to run out.

In our tenth installment of our COVID-19 Performance report, we provide updated high-level performance snapshots of the online lending space, including prepayments by modification status, loan issuance, and the percentage of modified loans that have now been prepaid or returned to current status.

While we only analyze data up to August 9, thus far, the decline in unemployment benefits have not led to worsening performance in online loans. We will have a clearer picture in our comprehensive end-of-month report.