Origination Report: Consumer Unsecured, May 2024

Subdued Consumer Unsecured Origination Growth Seen in May 2024

Download this month's installment of the dv01 Origination Report to stay up-to-date on the latest trends.

May originations increased only 3.2%—much lower than historical MoM growth of ~10%. It's a strong signal that the continued improvement in credit performance has yet to translate into sustained increased lending volumes.
Originations in California + West states decreased significantly, offsetting April's increase.
GWACs rose substantially for the first time in 10 months, with Top Grades increasing 12 bps and a staggering 40 bps among Middle Grades.