Origination Report: Consumer Unsecured, April 2023

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

Quick Insights

• April is historically a strong month but originations fell this year, dropping 9.5% MoM (page 2).

• While originations decreased 40% YoY, Bottom Grade originations declined 19% YoY due to tighter credit standards (page 3).

• Loans for borrowers with incomes below $50,000 account for just 6% of originations—down from its 15-20% historical range (page 5).