In the latest issue of their biweekly loan performance report dv01 shares that total impairments in online lending have fallen to 11.4% of the loan book which is a 520 bps decline from April’s peak; over 60% of all COVID-19-modified loans have resumed post-modification payments; total impairments have dropped across income levels and differences in impairments between income levels are close to pre-pandemic levels; dv01 has also noticed some discrepancies in the performance reporting data between their data and other reporting sources resulting in underreported loan modifications and impairments. dv01.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.