Performance Report: Consumer Credit, October 2022

The latest installment of our Consumer Credit Performance Report is now available. 

Quick Insights

• Consumer Unsecured: October is historically a weak month for performance, with Total and 30+ Impairments rising 15 bps MoM. This year, both metrics increased 27 bps and 44 bps, respectively (page 5).

• Non-QM: Prepayments remained unchanged MoM—the first sign of prepay stability in seven months (page 24).

• CRT: Geography was the biggest contributor to performance, particularly in Florida due to Hurricane Ian (page 30).

• Subprime Auto: Impairments rose and were mainly attributed to Hurricane Ian, accounting for 40% of the impairment increase (page 35).