Monthly Overview
KBRA’s U.S. Marketplace Consumer Loan ABS Index showed improved credit performance in October. Annualized net losses fell 124 basis points (bps) month-over-month (MoM), fully reversing the 100-bp increase recorded in September. Volatility in net loss rates continues to be driven by late 2024 vintage deals that have experienced performance swings within their first year. Delinquency metrics also improved MoM, with 30+ day delinquencies down 57 bps.
On a year-over-year (YoY) basis, credit trends continue to improve, with delinquencies falling 51 bps compared to year-ago levels, and net losses down 116 bps YoY. The improvements in both metrics are part of a two-year trend of tightening performance, as shown in Figures 1–6.
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