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Origination Report: Consumer Unsecured & Auto Loans, October 2022

22 November 2022

Origination - Oct 2022

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autos
consumer unsecured

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The latest installment of the dv01 Origination Report is now available.

Quick Insights

  • 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).

What's New

  • 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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