non-qm
Performance Report: Non-QM, July 2023
31 August 2023
dv01’s latest performance report is now available. Download now for trends through July 2023.
Quick Insights
The decline in Under 35 is particularly shocking because this cohort experienced the largest growth in homeownership rates in Q1-2023. This sounds counterintuitive, but dv01 does not believe the decline in homeownership in this age category reflects a worsening of economic conditions for younger people (page 3).
Overall Impairments rose 44 bps MoM to 4.7% and are now 130 bps above their Summer 2022 lows (page 4).
When comparing PRKCM 2022-AFC1 to its 2022 vintage Non-QM cohort, both prepaid at similar speeds (page 14).
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