The latest installment of the dv01 Origination Report is now available.
Consumer Unsecured: October originations fell 11% MoM, reversing improvements seen in August and September (page 2).
Consumer Unsecured: Originations by FICO scores recorded its largest monthly increase in four months, driven primarily by the decline in Sub 660 FICO loans originated (page 4).
Auto: Auto origination trends in securitizations have diverged from the overall market, with the largest divergence evident in FICOs (page 11).
Auto: There has been a slight increase in LTV 100-110 loans, offset by a slight decline in LTV 85-100 loans. Considering the material runup in both new and used car pricing, this suggests originators are maintaining good discipline and protecting against price corrections (page 14).
dv01’s Consumer Unsecured data library is growing, and we’ve incorporated newly onboarded loan data into our analysis. Pre-2022 origination data has not materially impacted prior findings.
The Auto dataset has expanded to include Prime auto data; previously it was solely Subprime Auto data.
dv01 periodically reviews its composition for Top, Middle, and Bottom Grades, and has adjusted its criteria. dv01’s views on originations trends have not changed based on the changes.
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