Monthly Overview
Monthly remittance reports showed improvement in credit performance across securitized marketplace consumer loan ABS pools in February. Annualized net loss and 30+ day delinquency rates dropped 32 basis points (bps) and 20 bps month-over-month (MoM), respectively. This MoM improvement was not driven by any particular vintage or issuer, as overall improvement was seen across different deal closing years and shelf platforms.
Similarly, both credit metrics have improved over year-ago levels, with net losses dropping 230 bps year-over-year (YoY), landing at 15.41%, and delinquency rates decreased 54 bps to 6.09%. Notably, the first two months of 2025 have seen net losses and delinquency rates in line with or below 2023 levels as well (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