Performance Report: Consumer Credit, September 2022

The latest installment of our Consumer Credit Performance Report is now available. In this edition, dv01 provides insights into geographic regions for Subprime Auto.

Quick Insights

• Consumer Unsecured: Cure rates improved but DQ Payment Made rates fell to new historical lows (page 6).

• Non-QM: Prepayments continue to decline, falling a further 3.5 CPR MoM to 8.3 and are now at their lowest levels in the sector’s history (page 24).

• CRT: In a reversal of the trends witnessed throughout 2022, S-curves flattened substantially in all regions except California and the NY Tri-State area (page 32).

• Subprime Auto: The sector continues to show improving performance trends on a seasonal basis over the past three months (page 34).