Monthly Overview
KBRA’s U.S. Marketplace Consumer Loan ABS Index displayed mixed credit performance metrics in July. Annualized net losses increased 146 basis points (bps) month-over-month (MoM), while 30+ day delinquency rates dropped 43 bps. The MoM rise in net losses was primarily driven by younger-vintage deals beginning to come to their steady-state loss rates.
On a year-over-year (YoY) basis, the index has improved in terms of both delinquency rates and net loss rates, with losses down 20 bps YoY and delinquencies down 26 bps. Notably, the index has shown better performance so far in 2025 than in the previous two years (see Figures 4-6).
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 here.