U.S. Marketplace Consumer Loan ABS Index: June 2026

Monthly Overview

KBRA’s U.S. Marketplace Consumer Loan ABS Index performance was mixed this month, with annualized net losses dropping 60 basis points (bps) month-over-month (MoM) and the 30+ day delinquency rate increasing 26 bps. The improvement in net losses was driven by broad-based strengthening across index constituents, while the increase in the delinquency rate was primarily attributable to late-2025 vintage deals beginning to reach their more steady-state delinquency levels.

From a year-over-year (YoY) perspective, the index’s performance improved across both annualized net losses and delinquency rates, declining 153 bps and 84 bps, respectively. This improvement extends the index’s ongoing strengthening trend, with the decline in net losses marking the ninth consecutive YoY improvement and the decrease in the 30+ day delinquency rate representing the 22nd consecutive YoY improvement.

Current index values as well as MoM and YoY changes are presented in the table below. The data…