Origination Report: Unsecured Personal Loans, July 2022

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.