Origination Report: Unsecured Personal Loans, February 2022

Quick Insights:

Monthly issuance declined for a third consecutive month, due to February having fewer calendar and business days than January (page 4).
dv01 incorporated more data from issuers that report alternative attributes. Hard Inquiries have been more stable over the past four to five months than FICO and loan grade trends, indicating that while FICO may be drifting down, there is a trend among online loan issuers to incorporate mitigating factors beyond traditional metrics (page 9).
Bottom Grade GWACs declined substantially, falling 58 bps MoM (page 11).

Download the report to stay up-to-date on the insights in the online consumer unsecured market.