Consumer Credit Loan Performance Update (Data as of March 2024)

Episode Description

In this episode, Vadim explores a novel method of analyzing government debt, highlighting how, despite rising federal debt, the aggregate U.S. debt as a percentage of GDP fell from 2006 to 2019 and only increased in 2020 due to substantial pandemic-related fiscal measures.

He also discusses trends in Consumer Unsecured, Subprime Auto, and Non-QM. Notably, the ongoing challenges with increased impairments and low cure rates in Non-QM, despite rising prepayment rates in 2023, as well as the seasonality trends within Consumer Unsecured and Subprime Auto.

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Cited Research

• dv01: Originations Report - Consumer Unsecured and Subprime Auto, March 2024

• dv01: Florida: A Cloudy Forecast for the Sunshine State

• dv01: Performance Report: Consumer Unsecured and Subprime Auto, February 2024

About the dv01 Podcast

dv01's In The Tranches of Structured Finance podcast explores macroeconomic trends, sector performance, and the future of capital markets. As a leading market intelligence company in structured credit, dv01 provides transparency and actionable insights through loan-level data and research.