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Home » 60-day DQs up 83 bps in subprime ABS

60-day DQs up 83 bps in subprime ABS

Delinquency rate could end year near record

Riley WolfbauerbyRiley Wolfbauer
October 11, 2023
in Risk Management
Reading Time: 4 mins read
0
Cars in a giant parking lot

Cars in a giant parking lot

The rate of 60-day delinquencies on subprime asset-backed securities deals has consistently risen since April following an improvement at the beginning of the year due to the influx of tax refunds.  The rate rose to 5.81% in August, an increase of 50 basis points (bps) month over month and 83 bps year over year, according […]

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Tags: auto ABScredit lossesdelinquenciesFitch RatingsPremiumsubprime
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