The latest installment of the dv01 Origination Report is now available.
Consumer Unsecured: Bottom Grade loans comprise 6% of total originations—their lowest level by far (page 2).
Consumer Unsecured: For the first time since 2021, GWACs were either unchanged or lower (page 8).
Auto: Originations in California + West states have progressively declined, while Florida and "Other" states have increased (page 13).
Auto: Neither Federal Reserve data nor securitization data suggest the inability to underwrite subprime Auto loans; loans continue to be originated to all borrower segments at higher interest rates (page 14).
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