Origination Report: Consumer Unsecured, October 2024

Quick Insights

• Overall: Originations have grown the past two months; while two months is too short a time period to extrapolate trends, it remains a positive signal that stronger credit performance is finally translating into increased loan growth.

• Grade Mix: Grade mix has gotten considerably tighter since the summer, with Top Grade representing 73.5% of total originations over the past two months.

• Geography: While CA + West originations hit a record-high of 27% in October, Florida originations dropped—likely due to Hurricane impacts.