Origination Report: Consumer Unsecured and Auto, July 2023

The latest installment of the dv01 Origination Report is now available. 

Quick Insights

• Consumer Unsecured: Bottom Grade loans comprise 6% of total originations—their lowest level by far (page 2).

• Consumer Unsecured: For the first time since 2021, GWACs were either unchanged or lower (page 8).

• Auto: Originations in California + West states have progressively declined, while Florida and "Other" states have increased (page 13).

• Auto: Neither Federal Reserve data nor securitization data suggest the inability to underwrite subprime Auto loans; loans continue to be originated to all borrower segments at higher interest rates (page 14).