September 2023

Monthly Market Snapshot

The analysis indicates substantial growth in lending volume and an increase in outstanding balances. While there's a small improvement in early-stage delinquencies (Par 30), there's also a noticeable increase in delinquencies at the 60-day and 90-day marks (Par 60 and Par 90), which require attention.  It appears Lenders are putting more emphasis on early stage delinquencies collections. The increase in the collection rate is a positive development that also follows the trends above.  While interest rates continue to trend downwards despite the increases in public markets. Lenders should closely monitor delinquency trends, manage more severe delinquencies, and assess the impact of changing loan terms and interest rates on portfolio performance.

A full breakdown of the calculations for these metrics is available here.

IndicatorSept MoM
Outstanding Balance6.32%
Par 30-0.08%
Par 600.45%
Par 900.97%
Collection Rate3.81%