The newest installment of the dv01 Origination Report: Unsecured Personal Loans is now available.
Below are some quick insights:
Historically, July sees originations grow ~5% MoM. This year, however, July originations declined 10.3% MoM—the clearest signal to date that borrowing behavior has been materially impacted by the shifting economic landscape (page 2).
Average DTI remained only 20 bps above the record low set during COVID, dispelling the narrative that lenders have been unilaterally increasing risk over the past year (page 4).
Barring March 2020, GWACs showed the most substantial monthly increase in the history of the consumer unsecured market (page 9).
Download the report with data through July 31, 2022.
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