U.S. Marketplace Consumer Loan ABS Indices: November 2024
Monthly Overview
November remittance reports showed mixed credit performance between KBRA’s Tier 1 and Tier 2 indices. Net losses in KBRA’s Tier 1 index improved, falling 42 basis points (bps) month-over-month (MoM) in November. This month’s improvement comes after the Tier 1 index reached an all-time high for annualized net losses in October. Tier 1 delinquencies increased 9 bps MoM, landing at 4.98%. Meanwhile, Tier 2 net losses increased 126 bps MoM to 15.50%. This deterioration in net loss performance comes after four previous months of improvements. Additionally, Tier 2 delinquency rates were up 46 bps MoM.
On a year-over-year (YoY) basis, Tier 1 annualized net losses and delinquency metrics climbed 128 bps and 105 bps, respectively, while the Tier 2 metrics showed 363 bps and 68 bps of improvement, respectively.
Current index values as well as MoM and YoY changes are presented in the table below.
The data shown in this report and other indices metrics can be found
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