KBRA’s U.S. Home Improvement Loan ABS Index showed a month-over-month (MoM) improvement in net losses, while delinquency rates moved higher. Annualized net losses fell 13 basis points (bps) month-over-month (MoM) to 3.02%, while early- (30-59 day) and late-stage (60+ day) delinquencies each increased 6 bps, to 1.02% and 1.44%, respectively. On a year-over-year (YoY) basis, annualized net losses declined 98 bps, while both early- and late-stage delinquencies were essentially unchanged, down 1 bp or less.
Current index values, as well as MoM and YoY changes, are presented in the table below. The data shown in this report and other index metrics can be found here.
About the Indices
KBRA’s Home Improvement Loan ABS Index is calculated monthly using credit performance data from outstanding U.S. publicly rated securitized home improvement loan…
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