Insights: COVID-19 Performance Report, Volume 25

The 25th installment of our COVID-19 Performance Report is now available. To provide more clarity on performance and data used, we have made several changes to our reports:

• Data re-weighting for online lending: Given the nascent rebound of securitization volume relative to the recovery of total issuance, a re-weighting was necessary to better represent performance since 2020. While some metrics have changed slightly, the overall outlook has not.

• New S-curve charts for CRT: We plot prepayment rates against borrowers’ rate incentive to refinance.

• Loan Issuance for online lending: We removed this section because we provide a more in-depth analysis in a separate Insights series.

• Chart dating: Data cut-off dates are now clearly marked on individual charts.