Origination Report: Consumer Unsecured, January 2023

23 February 2023

Jan 2023 - cu origination


consumer unsecured


The latest installment of the dv01 Origination Report is now available. Due to slow securitization activity in the auto sector, dv01 will provide origination trends on a quarterly basis or once the sector is more active. As a result, this report only analyzes origination trends in Consumer Unsecured. 

Quick Insights

  • MoM volumes were unchanged in January, which is typically a stronger month of originations. On a YoY basis, originations have remained persistently negative, with January 2023 volumes down to a staggering 25% (page 2).

  • There are no signs of consumer leverage increasing, particularly at lower incomes (page 4).

  • Overall GWACs fell in January for the first time in five months (page 8).


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